Dubai Silicon Oasis (DSO)
Established in 2004 and wholly owned by the Government of Dubai, the Dubai Silicon Oasis Authority (DSOA) functions as an integrated community, providing both residential and working environments. As a Free Zone Authority situated in the Nadd Hessa community in Dubai, Silicon Oasis extends free trade zone incentives and advantages to tech park businesses. The authority actively encourages modern technology-based industries, offering a well-planned urban community, advanced infrastructure, and in- house business services.
Serving as a technology hub for IT, industrial, research, and development enterprises, DSO boasts a total capacity of 97,740 sq. m of commercial space dedicated to offices available for lease. The authority has fostered a high-tech ecosystem that promotes collaboration and innovation within the technological landscape.
The DSO community is adorned with green parks, interconnected courtyards, and children’s play areas. Additionally, it ensures 24-hour security, daily maintenance, and a fully developed road network to provide a comprehensive and conducive environment for its residents and businesses.
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 makes auditing crucial for businesses within DSOA?
- Every business registered in DSOA must engage approved auditors to carry out audits, ensuring compliance with statutory requirements and facilitating the renewal of trade licenses.
2. What is the primary purpose of performing an external audit?
- The primary goal of conducting an external audit by a firm is to verify that the financial statements accurately portray the operations of the business, ensuring transparency and compliance with statutory requirements. Additionally, external audits may serve the purpose of facilitating the filing of tax returns.
3. Which documents need to be preserved for auditing in DSO?
- Firms within DSO must retain essential legal documents such as Memorandum and Articles of Association (MOA, AOA), copies of bills and invoices, bank statements, credit or debit notes, the most recent trade licenses, accounting books, and any other documents as directed by the authorities.
