Dubai World Centre (DWC)

Registered Auditors in DWC

The approved auditors In DWC (Dubai World Central) free zone, assist businesses with the process of renewing their licenses and provide expert external audit services. Companies in the Dubai South Free Zone are entitled to operate freely within the United Arab Emirates.

DWC (Dubai World Central) is an important part of the UAE economy. It is also known as Dubai South and is one of Dubai's most rapidly expanding free zones. The free zone offers an economic platform for all industries.

Dubai World Central Free Zone (DWC)

As a key hub in the global economy, DWC is a highly sought-after place to live, work, and invest. Dubai South Free Zone, formerly known as Dubai World Central Free Zone, is a well-known master-planned community created to improve living conditions. This dynamic zone catalyzes economic growth since it can accommodate a wide range of industries, businesses, and job possibilities.

Dubai South Free Zone is a desirable destination for companies looking for expansion and chances in the UAE. It provides several benefits that support a vibrant and competitive business environment.

Businesses established in the Dubai South Free Zone enjoy the right to do activities in the UAE without restrictions and benefit from a variety of advantages, including:

• Import-Export Advantages
• Tax Benefits
• Full Ownership and Repatriation
• Exceptional Infrastructure
• Affordable Real Estate
• Secure and Regulated Environment
• Comprehensive Client Support

Benefits of Auditing in Dubai South Free Zone

Conducting an audit in the Dubai South Free Zone helps the companies.

• Determine the profitability and prospective investment possibilities.
• Better decisions can be made regarding the future of the company.
• Streamline the company's cash flows and business procedures.
• Implementing numerous internal control methods can help you manage the cash flow.
• Potential growth will be ensured by the company's financial information being transparent.

Documents Required by Approved Auditors in DWC

• Bank statements and confirmations from banks
• Complete set of books of accounts, trail balance, etc.
• Legal documents – Memorandum of Association (MOA), Articles of Association (AOA), Trade license copy, Share certificate, certificate of incorporation Tenancy contract, etc.
• Statement of deposits from the DWC portal, copies of Ledgers, sales invoices, purchase bills, expenses bills, etc.
• Balance confirmation from debtors, creditors, and third parties (as per the samples given by the auditors).

Dubai South Authority (DWC) Auditing Services

The companies in DWC should be examined according to International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). Furthermore, compliance with the audit procedures set by the DWC Free Zone is required. A recognized auditing firm in the UAE can analyze company books to find areas for development and suggest actions to reach organizational objectives, thereby actively promoting business success.

Hiring a DWC approved auditor guarantees compliance with local and international regulations, which improves the company's standing with lenders, governments, stakeholders, and other authorities. At GAAP Associates, we help businesses maintain long-term growth by analyzing key issues and recommending solutions.

Contact us to get assistance from registered auditors in DWC!!