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Golf Park Building Gharhoud, Al Gharhoud, Dubai, U.A.E
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AUDITING IN DMCC
DMCC is a vibrant free zone in the UAE, founded in 2022, allowing companies to operate with specific licenses and complete foreign ownership. Offering an uncomplicated and adaptable business setup, DMCC caters to trading, service, and industrial licenses. Nevertheless, companies within the free zone must maintain and annually audit their financial records.
At the time of license renewal, all DMCC-registered companies must provide audited financials each year. Failure to submit these financials to DMCC incurs penalties. Cornerstone, equipped with skilled professionals, aids businesses in meticulously auditing financial data and submitting reports to the DMCC portal within the stipulated timeframe.
The audit process in DMCC
- Gathering essential documents including prior audit report, financial statements, ledgers, bank statements, receipts, and so on.
- Reviewing and validating the accounts' records.
- Double-checking the values in the accounts to guarantee precision.
- Conducting meetings to address any issues that could impact financial performance.
- Creating audit reports.
- Uploading the report to DMCC portal.
Enhance compliance, build trust, and obtain valuable insights by utilizing Cornerstone's professional audit services in DMCC. Allow us to assist you in navigating the intricacies of regulatory obligations and upholding financial integrity.