DWC Approved Auditors

Audit in Dubai South (DWC-Dubai World Central)

Dubai South Free Zone is known as Dubai World Central free zone which is a leading plan city based on the pleasure of the individual. It is the most preferred place to live, work as well as invest and a pivotal hub in the global economy. It supports every possible kind of business, industry and creates jobs. It is the host landmark of events such as the World Expo 2020 and the Dubai Air show. DWC approved auditors provide professional external audit services and license renewal services to companies registered in Dubai South Free Zone. The Dubai South Free Zone company are allowed to do business in the UAE, that is without any restriction:

• The company can hold an account in a bank in the UAE 
• 100% foreign ownership and 100% repatriation of capital and profits
• No corporate tax and personal income tax
• Uniquely built infrastructure
• The close proximity to the Dubai Logistics Corridor
• Complete exemption from all import and export duties
• Secure and regulated environment
• Quality freehold and lease at competitive rates
• Comprehensive client relationship management 
• Collection and processing of all documentation 

Benefits of Auditing in Dubai South Free Zone

While conducting an audit in Dubai South Free Zone, it helps the companies to:

• Streamline the business processes and cash flows of the company
• Better decisions can be made regarding the future of the company
• Decide the potential investment options and profitability
• Transparency of the financial information of the company will make sure potential growth
• Control the cash flow by implementing various internal control procedures

How external audit conducted in Dubai South Free Zone?

As per the regulations of audit in Dubai South Free Zone companies:

• The companies need to submit the audited financial statements to the Dubai South authorities within 90 days from the end of the financial year
• The audit report must be signed by approved auditors
• The consequence of failure to submit audit reports are: non-renewal of (Dubai South) DWC trade license and penalties

Audit procedures

• An official audit engagement letter is signed by the client in Dubai South and approved auditor in the south zone
• A systematic study on the client’s business and volume of business are conducted 
• Approved auditors review the books and records, supporting documents, legal documents and financial statements
• Compliance with international standards of auditing (ISAs) and International Financial Reporting Standards (IFRS) are monitored
• Compliance with the UAE Commercial Company Law, VAT Law, Economic Substance Regulations are verified
• Ensure the company has followed the Dubai South (DWC) regulations as well
• Review the compliance of VAT Regulations. VAT filings, Record maintenance
• Issuance of the audit report with a true and fair view

Why choose CDA?

Our auditing experts have developed a methodology for the efficient auditing process.  We offer you the best auditing approach to spot risks being faced by your business and assures a high-quality, detailed audit (review) of your business financial operations. 

• We associate with our clients to know more about their requirements
• We ensure the independency on our services in the UAE
• We have an expert team of auditors in UAE 
• We ensure timely audit service in UAE 
• We assist them to evolve a better business environment
• We ensure there is adequate disclosure of all material matters relevant to the proper presentation of the financial information
• We maintain sustainable growth to businesses through key issue analysis and suggest remedies
• We suggest and implement various measures to improve deficiency in the system
• We provide high-quality audit reports that are compliant with standards

CDA offers Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal/External Audit for Companies, Business Advisory Services, etc., in UAE.

Get in touch with us to start a discussion and our experts will offer you a one-hour free consultation.