CDA is always known for providing accurate audit reports with no errors to its clients without any delay, enabling the clients to be confident and assertive before the respected authorities, and implementing adaptable strategies for proper functions.
Get personalised auditing services and evaluate the accounts and books in the manner you want with the potential auditors at CDA who are certified by the authority and well experienced from the big four.
The professionals at CDA will provide you with elite auditing services in the most effective manner, keeping in mind the perfection and accuracy of the accounts. Get your accounts audited by approved pro auditors of CDA.
Our team has always vanquished the threats that clients may face while preparing the accounts and books through robust auditing strategies. Get ahead of your threats by acquiring our expert auditing services in the UAE.
Yes, all the businesses registered in the DMCC must conduct audits without any compromise, as it may be required for various statutory requirements.
The audit reports prepared by businesses with the help of approved auditors like CDA can be used for the renewal of trade licences and to provide such reports to the regulatory authorities.
The authorities must submit their audited financial statements and reports within 180 days of the end of each financial year.
As per the regulations issued by the concerned authorities, the companies must, before conducting an audit, ensure that their auditor is registered as an approved auditor.
If any entity fails to conduct an audit or submit the audit report on time, it will result in compliance failure, and the trade licence may not be renewed. Along with that, penalties will be charged.
Reach out to the most reliable DMCC Approved Auditors
Auditing is the critical scrutiny of financial statements by an external party to detect and prevent errors and fraud. All DMCC companies are required to submit their audited annual financial accounts to the DMCC authorities by a DMCC approved auditor. While conducting the auditing:
- Auditor must be impartial
- Individual auditors and audit firms must have no stake in the company
- Company-wide independence to the auditors to ensure an objective review
- The auditors must be competent and certified to perform the mandatory tasks
The DMCC company regulations clause (62) and (64) states that:
- All companies under the DMCC need to appoint an approved auditor
- The auditors need to make the audit report of the annual accounts and report to shareholders
- The company needs to submit the audited financial statements within 3 months of the year-end
- If failed to submit it is subject to a fine as per DMCC company regulations
If you are a DMCC registered company, conducting an audit helps in:
- Better accuracy and transparency in the financial statements
- Assures and guarantees authenticity to the information
- Forecast the budgets and initiate the plans for growth
- Timely renewal of trade license or wound up procedures
- Assess the cash flows and implement internal control procedures
- Create a work plan with a good scope of work: We perform a basic study on the holistic business performance and draft a plan to conduct the audit process
- Perform the financial audit tests: The audit tests are conducted to analyse the data and factual information
- In-depth analysis on the company accounts: A deep study is conducted on various accounts of the company and comparisons are made with previous year audited documents
- Preparation and submission of audit report: It is the auditor’s opinion on the financial statements, it is communicated to the management and authorised signatory approval is taken
CDA’s audit services are tailor-made, we provide legitimate conclusions to your business. As a team with Big4 experience, we could handle your audit requirements at its best. CDA approved auditors in DMCC provide:
- Assurance: We give companies the assurance that their evidence and the manner in which they conduct their businesses are legitimate
- Authentication: We authenticate the financial position of the company and attract additional finance for the firm
- Integrity: We enhance the integrity of the organisation with the market
- Circumvents Mistakes: Our experts are more cautious and there is the least possibility of mistakes during the preparation of the company’s accounts
- Restricts Deceptions: Conducting an external audit will prevent any irregularities like fraud, money laundering in the company
- Offers Solutions and Impartial Recommendation: We provide reliable solutions for the benefit and advancement of the company
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.