United Auditing Division of Emirates Chartered Accountants Group is the Approved Auditors in DMCC. United Auditing is one of the top listed Auditors in DMCC approved Auditors list (Sl. No 169 – United Auditing). Dubai Multi Commodity Centre (DMCC) was founded in 2002 by the Government of Dubai which was directed to offer physical, market and financial set up to initiate as a global commodity trading hub. It offers to the trade of precious stuff like gold, diamonds, coloured stones, pearls and various other sectors.
Yes, Auditing is mandatory for all Dubai Multi Commodity Centre (DMCC) Member Companies. In accordance with DMCC Company regulations, an auditor has to be appointed by every DMCC Member Companies. Each DMCC companies should ensure that the appointed auditor is registered as an Approved Auditor in DMCC and is listed in the Approved Auditors List.
Every DMCC Company has to upload the Audited Financial Statements and Summary Sheet to the portal of DMCC within 90 days after the end of the financial year. In certain cases, the authority may provide an extension of such period.
Submission of Audited Financials is applicable to all DMCC companies including subsidiaries and branch companies. DMCC Authority can request additional documents at any stage of the process as well as can request the original documents during the inspection.
If a company fails to submit the financial statements audited by the approved auditors in DMCC, within 90 days from the financial year-end, it will attract fine as per the provisions of the DMCC Company Regulations. Further, there is a risk of non-renewal of trade license in DMCC as well.
United Auditing being the DMCC approved auditors audit the books of accounts in accordance with the provisions of International Standards on Auditing (ISA). Further, we help you to design and prepare your financial statements in accordance with the International Financial Standards (IAS /IFRS) without affecting the independence of auditing. We recommend improving the internal control measures which will enhance the operating efficiency.
The following are the list of documents to be maintained and submitted for auditors.
We United Auditing, a Group Company of Emirates Chartered Accountants Group, Head Quartered in Dubai:
+971 50 887 3115 | +971 4 2500290
Mr. Pradeep Sai
+971 55 653 0001 | +971 4 2500290