Dubai Development Authority (DDA)
Established and named in accordance with Law No. 15 of 2014 and Law No. 10 of 2018, the Dubai Development Authority represents a government entity in Dubai. This transformation underscores the entity’s extended responsibilities, which include supervising development control, municipal, economic, and immigration functions across designated free zone clusters and other communities overseen by diverse master developers throughout Dubai.
DDA-regulated Free Zone clusters:
1. Dubai Internet City
2. Dubai Media City
3. Dubai Knowledge Park
4. Dubai Design District
6. Dubai Production City
7. Dubai Studio City
8. Dubai Science Park
9. Dubai International Academic City
5. Dubai Outsource City
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. What necessitates undergoing an audit with the Dubai Development Authority?
- Entities associated with the Dubai Development Authority are required to undergo auditing. The audit conducted by DDA is structured to provide comprehensive oversight of progress administration, corporate affairs, financial matters, and immigration functions within free zone clusters. This initiative is geared towards cultivating a business-friendly environment for stakeholders.
2. How is an external audit carried out by the Dubai Development Authority?
- DDA-registered auditors are authorized to compile all necessary financial reports for the entity. This process entails scrutinizing licensed trade, ensuring accuracy in financial statements, compliance with standards, adherence to VAT regulations, and maintaining meticulous records. Additionally, the audit investigates any instances of financial fraud or money laundering.
3. How do entities benefit from the Dubai Development Authority?
- Through auditing with DDA, entities gain access to cost-effective and efficient solutions that address challenges within the business environment of DDA. This ensures streamlined and transparent services and transactions, ultimately enhancing overall efficiency.
