Auditors in Dubai South( Previously known as DWC), Audit United Auditing a Division of Emirates Chartered Accountants Group

Dubai South previously known as Dubai World Central is a planned economic zone to support a number of activities including logistics, aviation, commercial, exhibition, humanitarian, residential and other related businesses around Al Maktoum International Airport with the planned annual capacity of 12 million tonns of cargo and 160 million passengers.

United Auditing, a Division of Emirates Chartered Accountants Group, headquartered in Dubai is an Approved Auditor in  Dubai South ( Previously known as DWC) auditors List.

Why Choose United Auditing for Audit in Dubai South ( DWC)?

We United Auditing, an approved auditor in Dubai South ( DWC)

  • Is one of the top leading Audit Firms in Dubai, UAE.  
  • Is an approved auditor in the list of DWC  approved auditors 
  • Will ensure the independency on the Auditing service in UAE
  • Have a highly qualified and experienced team of Auditors in Dubai, UAE 
  • Provides International Standard on Quality of Service
  • Ensure delivery of Audit Service in UAE on time
  • Is an ISO Certified Audit Firms in Dubai, UAE
  • United Auditing is banks approved auditors in Dubai, UAE, and free zones approved auditors in UAE.

 How to choose an Auditor for Auditing in Dubai South ( DWC)?

Auditing is mandatory for all Dubai South ( DWC) companies registered under SAIF Zone to renew their Trade / Activity license. As per the requirements of Dubai South ( DWC)  Authority, the companies registered under Dubai South ( DWC) should appoint only the approved auditors in Dubai South ( DWC). Audit of books of accounts in Dubai South ( DWC) must be conducted by the registered auditors in Dubai South ( DWC)  for every financial year.

When and how an audit report should be submitted to  Dubai South (DWC) Authority?

As per the Memorandum of Association of ( Dubai South) DWC Companies it has to submit the Audited Financial Statements to the ( Dubai South) DWC authorities within 90 days from the end of the financial year. The audit report must be submitted to the authority along with the singed audited financial statements. If a company fails to submit the audited financial statements within the time frame, it will face legal consequences including non-renewal of ( Dubai South) DWC.

How United Auditing Conducts an Audit in Dubai South(  DWC)

The audit begins once the official audit engagement letter is signed by the client in Dubai South

(DWC) appointing United Auditing as official auditors of the company.

Planning and implementing the audit procedure- Next step is understand more about the client’s business model and volume of business and plan audit procedures according to the specific requirement of each clients.

Implementation of the audit procedures: Our auditors will visit to the client’s place for the review of the books and records, supporting documents and legal documents in order to express our opinion on the financial statements.

Review of audit files : We conduct the audit in accordance with the provisions of the international standards of auditing ( ISAs) and as  per International Financial Reporting Standards (IFRS).

 Also, we will ensure that the client Company is complied with the provisions of UAE commercial Company law and other laws in force in UAE like UAE VAT Law, Economic Substance Law and CbCR 

(Country By Country Reporting). Also it is the duty of an approved auditor in Dubai South( DWC) to ensure that the Company has followed the Dubai South(DWC) regulations as well.   

Review of VAT  Compliance: Verification of compliance of VAT regulation is an additional task form part of Statutory Auditing. As per the provisions of the UAE VAT law, Dubai South( DWC) is the designated zone for the tax treatment hence, most of the transactions related to supply of goods are out of scope other than the supplies done for consumption. At the same time, the taxability of the supply of services in designated zones is similar to the mainland. During the course of an audit, we review the compliance of VAT Regulations for the transactions of the company on a test basis and advise accordingly.

Issuance of Audit report and management letter: If an internal control weakness is noticed during our audit, we issue an additional report called management letter for the management of the company in Dubai South(DWC) to give attention on such weaknesses in order to take necessary action in future. Once the draft audit report is ready it will be distributed to the shareholders for their review and once it is approved, we issue the final report.

 

Why choose United Auditing, the Audit Division of Emirates Chartered Accountants Group for Audit in the Dubai South(DWC)?

EXPERTISE LOCALLY & INTERNATIONALLY

We Emirates Chartered Accountants Group is present in the market for the last 15 years with the highest professional quality, real-time service and maintaining ethical values. We are providing Accounting Outsourcing in Dubai, UAE, Onsite and Remote Accounting Services in Dubai, UAE, Part-time Accounting in UAE, Bookkeeping & Accounting Services in Dubai, UAE, and Backlog Accounts Updation in Dubai, UAE.

Our qualified chartered accountants at various levels of execution of assignments ensure that requirements as per International Financial Reporting Standards (IFRSs), auditing standards, and relevant legal provisions are properly complied with.

Other Audit & Assurance Services:

 

FAQ,s

Q: Is audit is mandatory for the Companies in Dubai South(DWC) by an approved auditor in Dubai South(DWC)?  

A: Audit is mandatory all SAIF Zone Companies, mainly for trade license renewal by an approved auditor in SAIF ZONE

Q: Are you an approved auditor in Dubai South(DWC)?       

A: We United Auditing is one of the Listed Auditors in Dubai South(DWC) and we are listed with all other free zones and most of the banks in UAE.             

Q: Whether banks will accept the report issued by as an approved   Dubai South( DWC)Auditor?

A: Yes, we are one of the approved auditors in Dubai South(DWC) and we are listed with almost all the banks in UAE. Hence the audit report issued by us will be accepted by almost all the banks in UAE.

Q: Whether value addition can be expected if the audit is done by you being an approved auditor in Dubai South(DWC)?

A: Yes, our experts will inform the management the control weaknesses and other deficiencies in the system noticed during the course of the audit . As an approved auditor in Dubai South( DWC), other free zones and mainland Companies all over UAE, experienced for more than 15 years, we suggest improvement as well to the management.

 

Audit in Dubai South / Dubai World Central

Mr. Praveen

+971 50 887 3115 | +971 4 2500290

praveen@emiratesca.com

Mr. Pradeep

+971 55 653 0001 | +971 4 2500290

sai@emiratesca.com

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