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For companies in Dubai, auditing and assurance services are provided so that stakeholders have a better understanding of the companies’ financial position, based on which they make their decisions. It confirms that the financial statements of the company show a true and fair view, including:

  1. Assessing whether the internal controls are functioning as intended,
  2. Detecting any material errors or fraud, and,
  3. Providing advice regarding better management.

As a leading audit firm, we at AMCA auditing guarantee that our services are one of the best and we are among the top audit firms in Dubai. We function according to the law and regulations, allowing your company to comply with all local and international auditing and accounting requirements.

Auditing one's books of accounts are necessary to satisfy various banking and regulatory requirements. Furthermore, to fit into UAE's economic system, it is required to obtain an independent Auditor that can provide reliable auditing services to the company.

An independent audit should be carried out by reputable auditing firms in Dubai, such as AMCA's Auditing and Assurance Services, which all banks approve in the UAE. In addition, our reputation as an auditing firm is widely recognized by officials across the country. (Can we please re-phrase as the same thing is repeating)

Advantages of AMCA's Auditing and Assurance Service

Making your business more efficient

Performing audits can help businesses achieve their business goals. A thorough audit will assess whether the business is being managed as per industry standards and whether the appropriate strategies and procedures are followed in the operations of the enterprise. In addition, it will help the shareholders to spot weaknesses in the control processes of the Organization.

Recognizing frauds

Incidents of fraud have become quite common in today’s world where fraudsters have advanced systems and several tools at their disposal including clever window dressing techniques and more. However, it has become equally difficult tp hide fraud due to the advancement in Audit procedures and use information Technology in audit. It is still a challenge to detect it due to the complex nature of transactions in today’s world. However, analyzing a company's financial statements may reveal where mischief has occurred if proper audit standards are followed. AMCA Auditing and Assurance Services have the exemplary service to help your company detect fraud.

Improve your company's reputation

Your business's reputation, goodwill, and profitability determine how much your business is worth. It helps in attracting potential shareholders. Additionally, it enables you to get foreign investment.

Analyzing your business' weaknesses

A complete internal audit will help identify and eliminate the factors that weaken your company' internal controls. Knowing these processes can eliminate the factors that undermine your company's performance. Identifying areas where you can put in less effort to gain a greater return.

It helps you strengthen your business processes by highlighting major risk areas and suggesting proper mitigation strategies.

We also offer advice based on the results so that we can prevent potential threats. Our extensive service menu ranks among the best audit firms in Dubai.

Report submission deadlines for varying authorities

AUTHORITY DEADLINE TO SUBMIT REPORT PENALTY
Abu Dhabi Airport Free Zone (ADAFZ) Audit reports are required on commercial license renewal for LLC companies Failure to submit the said AFS by the Final Submission date would be incurred with a sanction on your portal account.
Abu Dhabi Global Markets (ADGM) Should be submitted within four (4) months from the end of the company's financial year A firm may be liable to a fine of up USD 15K for failure to submit the accounts within the prescribed timelines.
ADPC - Khalifa Port and Industrial Zone (KPIZ) Should be submitted within three (3) months from the end of the company's financial year Updated trade license will not be issued by Lease and License Department
Higher Corporation for Specialized Economic Zones / ZonesCorp Should be submitted within three (3) months from the end of the company's financial year Updated trade license will not be issued by Lease and License Department
International Free Zone Authority (IFZA) A report must be created for each company registered with DDA but does not have to be submitted. However, the document should be kept on company premises if we request you to present it for our information. NA
Dubai Airport Free Zone (DAFZA) Audit reports are required on commercial license renewal Updated trade license will not be issued by Lease and License Department
Dubai Development authority (DDA) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Healthcare City (DHC) Audit reports are required on commercial license renewal Updated trade license will not be issued by Lease and License Department and every month 500 AED charges
Dubai International Financial Centre(DIFC) Should be submitted within seven (7) months from the end of the company's financial year- Companies having annual turn over of more than USD 5 million
Dubai Internet City (DIC) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Knowledge Village (DKV) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Media City (DMC) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Multi Commodities Centre (DMCC) Should be submitted within six (6) months from the end of the company's financial year Failure to submit the said AFS by the Final Submission date would be incurred with a sanction on your portal account.
Dubai Outsource Zone (DOZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Silicon Oasis (DSO) The Financial Statement Report and Liquidation Report are Mandatory for Renewal and Clearance The request will be on-hold, which can cause an increase in Late Renewal Fines, Violation from Inspection Team for non-Renewal/Cancellation of the license and sanction of the company account.
Dubai Science Park (DSP) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Textile Village (DTV) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Technology and Media Free Zone (DTMZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
International Media Production Zone (IMPZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
International Humanitarian City (IHC) Should be submitted within six (6) months from the end of the company's financial year Notice and fine warning
1st month/ instance Notice and fine of AED200/ - to Humanitarian Organizations Notice and fine of AED400/- to Commercial Entities
month/ instance Second notice and fine of AED200/ - to Humanitarian Organizations. Second notice and fine of AED400/- to Commercial Entities
3rd month/ instance Third notice and fine of AED200/ - to Humanitarian Organizations. Third notice and fine of AED400/- to Commercial Entities
4th month (HOCE) 1. Final notice and;
2. Suspension of any services provided by the Authority to the Humanitarian Organization or Commercial Entity; and/ or
3. Notifying other Relevant Authorities of the breach and advise that services to the Humanitarian Organization and Commercial Entity are suspended.
Dubai south Audit reports are required on Every renewal/yearly NA
Jebel Ali Free Zone (JAFZA) Should be submitted within three (3) months or 90 days from the end of the company's financial year Failure to submit the said AFS by the Final Submission date would be incurred with a sanction on your portal account.
Dubai world trade center (DWC) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Dubai Production City (DPC) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Hamriyah Free Zone (HFZ) Audit reports are required on commercial license renewal Updated trade license will not be issued by Lease and License Department
Sharjah Airport International Free Zone (SAIF) Should be submitted within six (6) months from the end of the company's financial year- For FZE and FZC companies Updated trade license will not be issued by Lease and License Department
Sharjah Media City Free Zone (Shams) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Ajman Free Zone (AFZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Ajman Media City Free Zone (AMCFZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Ras Al Khaimah Economic Zone (RAKEZ) Should be submitted within six (6) months from the end of the company's financial year A financial penalty of AED 2,500 on the first instance and suspension of all services in case of repetition
Fujairah Free Zone Audit reports are required on commercial license renewal Updated trade license will not be issued by Lease and License Department
Fujairah Creative City A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA
Umm Al Quwain Free Trade Zone (UAQFTZ) A report must be created for each company registered, but we don't require it from you. However, the document will remain on company premises in case we request it for information. NA

How can AMCA help you?

  • Understanding the client's requirements

    In implementing audit cycles in your business, we select the audit service that is best suited to your business needs. Then, using this information, we prepare a detailed scope of work and an accurate quotation for you using this information.

  • Developing a business model

    Depending on the audit requirements, we pick the proper audit cycle for each area of business that requires auditing. Then, through a meticulous examination of the company's business model, we understand how it functions.

  • Plan and implement an audit

    Depending on the client's requirements, the plan is structured differently. Our audit and assurance techniques have been designed to be efficient enough to perform a detailed audit.

  • Analyzing audit reports

    There are different auditing reports generated for different sections. The document is then reviewed to ensure it is compliant with UAE law. Finally, it is further merged before being presented to the board of directors and shareholders.

In the audit report, you can find all the information you need to understand your business in its entirety. We are happy to assist you with further modifications in accordance with the recommendations.