Registered Auditors in DWC
Importance Of Dubai South Authority (DWC) Auditing Services
Auditing is required for all Dubai South Free Zone (DWC) companies that are registered with SAIF Zone. Companies registered under Dubai South (DWC) are required by Dubai South Authority to appoint only approved auditors in DWC. Additionally, these registered auditors should audit the books of accounts in DWC every fiscal year. Reyson Badger is a DWC-approved auditor that provides exceptional auditing services in Dubai South Free Zone and throughout the UAE. We guarantee that audit reports are submitted to the authority without fail, in addition to ensuring the independence of auditing in the Dubai South Free Zone.
South Dubai Audit (DWC-Dubai World Central)
Dubai South Free Zone is also known as Dubai World Central Free Zone, and it is a leading plan city based on individual pleasure. It is the most popular place to live, work, and invest, as well as a vital hub in the global economy. It helps every type of business, industry, and job creation. It will be the site of major events such as the World Expo 2020 and the Dubai Air Show. DWC-approved auditors provide professional external audit services and license renewal services to Dubai South Free Zone companies. The Dubai South Free Zone company is permitted to conduct business in the UAE without restriction:
- The company can open a bank account in the UAE with 100% foreign ownership and 100% capital and profit repatriation.
- There is no corporate or personal income tax.
- Infrastructure that is one-of-a-kind
- Because of its proximity to the Dubai Logistics Corridor
- Import and export duties are completely waived.
- Environment that is secure and regulated
- Quality freehold and leasehold at reasonable prices
- Total client relationship management
- Documentation collection and processing
The Advantages of Auditing in Dubai South Free Zone
It assists companies during an audit in Dubai South Free Zone to:
- Streamline the company's business processes and cash flows.
- Better decisions about the company's future can be made.
- Determine the potential investment opportunities and profitability.
- Transparency in the company's financial information will ensure potential growth.
- Implement various internal control procedures to manage cash flow.
How is the external audit carried out in Dubai South Free Zone?
According to audit regulations in Dubai South Free Zone companies:
- Companies must submit audited financial statements to Dubai South authorities within 90 days of the fiscal year's end.
- Approved auditors must sign the audit report.
- Failure to submit audit reports has the following consequences: penalties for non-renewal of (Dubai South) DWC trade license
Procedures for auditing
- The client in Dubai South and the approved auditor in the south zone sign an official audit engagement letter.
- A thorough examination of the client's business and volume of business is carried out.
- Auditors who have been approved review the books and records, supporting documents, legal documents, and financial statements.
- Compliance with international auditing standards (ISAs) and International Financial Reporting Standards (IFRS) is tracked.
- Compliance with UAE Commercial Company Law, VAT Law, and Economic Substance Regulations is ensured.
- Check that the company has also followed the Dubai South (DWC) regulations.
- Examine the VAT Regulations for compliance. VAT filings, record keeping
- Issuance of an audit report that is true and fair
Why should you choose Reyson Badger?
Our auditing experts have created a methodology for efficient auditing. We provide the best auditing approach to identifying risks in your business and ensuring a high-quality, detailed audit (review) of your business's financial operations.
- We collaborate with our clients to learn more about their needs.
- In the UAE, we ensure the independence of our services.
- In the UAE, we have an experienced auditing team.
- We provide timely audit services in the UAE.
- We help them create a better business environment by ensuring adequate disclosure of all material matters relevant to the proper presentation of financial data.
- We help businesses maintain long-term growth by analyzing key issues and recommending solutions.
- We recommend and implement various measures to improve system deficiencies. We deliver high-quality audit reports that meet standards.
In the UAE, Reyson Badger provides Financial Advisory Services, Tax Consulting Services, Management Consulting Services, VAT Registration, VAT Deregistration, Internal/External Audit for Companies, Business Advisory Services, and other related services.
