Dubai CommerCity (DCC)
Dubai CommerCity stands as the primary and leading free zone exclusively dedicated to digital commerce within the Middle East, Africa, and South Asia (MEASA) region. Positioned strategically, the free zone is poised to capitalize on the anticipated growth in digital commerce, surpassing the global average. Centrally located along the regional trade route, Dubai CommerCity provides seamless access to over 2 billion people within a 2-hour flight radius. Its strategic proximity to the Dubai International Airport, well-connected to major local and national highways, further enhances its accessibility.
Benefiting from its advantageous location and the escalating demand for its facilities and services, the new free zone has successfully leased more than 51 percent of its logistics warehouses. These facilities cater to companies launching operations across diverse sectors, including e-commerce, logistics, information technology, fashion, jewelry, and electronics.
Our Audit Approach
Requirement Assessment
We’ll determine the most suitable audit service for you based on your industry, selecting the
necessary audit cycles to prepare an accurate quotation.
Data Collection
Once services and quotations are approved, we’ll need specific data from the company for the
audit.
Developing and organizing the audit procedure
We create a personalized plan tailored to the client’s specific requirements, employing distinct methodologies for various audit types such as balance sheet audit, cash flow statement audit, fraud audit, inventory audit, cash audit, stock audit, and others.
Preparation of Audit Report
Audits are conducted across different sections, producing various reports. We scrutinize these documents to ensure alignment with the federal laws of the UAE. Following this, the reports are consolidated before being presented to the board of directors and shareholders.
Post Audit Assistance
The audit report provides comprehensive information for a thorough understanding of your company. Should you require additional support in implementing any changes based on the findings, we are at your disposal.
FAQ
1. Importance of Auditors in Dubai CommerCity Free Zone
- Engaging approved auditors is essential for businesses in Dubai CommerCity Free Zone to navigate local regulations concerning tax and accounting practices. These auditors play a crucial role in offering timely advice, ensuring businesses’ compliance, and optimizing operations for maximum efficiency. By collaborating with approved auditors, companies can stay abreast of evolving legislation and adhere to industry standards and best practices.
2. Are Free Zone enterprises obligated to engage auditors and furnish an Annual Financial Statement?
- Absolutely. Every Free Zone Enterprise is required to engage the services of an independent auditor registered and licensed in the UAE. Furthermore, they must submit audited financial statements on an annual basis.
