DWC Approved Auditors
Audit Firms in Dubai World Central
Dubai World Central (DWC) is a strategic commercial initiative launched by the Dubai government in 2006. Dubai World Central is one of the most significant Free Zones in the UAE, it pivotally serves a compelling role in
the UAE’s economy. The free zone offers businesses a firm financial foundation and supports a wide range of commercial, humanitarian, aeronautical, and exhibition operations. Dubai World Central companies are required to submit their financial statements annually to approved Audit Firms in Dubai to enforce legal compliance on business conduct.
Benefits of the Dubai World Central (DWC) Free Zone
- DWC free zone companies are free to conduct business in the UAE.</.li>
- There is no corporate tax.</.li>
- 100% of capital and profits are repatriated.</.li>
- There is no personal income tax in the DWC free zone.</.li>
Advantages of Auditing Through DWC Approved Audit Firms
Conducting an audit with Dubai Audit Firms assists businesses in:
- Determining the effectiveness and prospective investment possibilities.
- Incorporating numerous internal control methods to help with managing the business’s financial position.
- Helping in making efficient and assured choices for the company’s future.
- Optimizing the company’s financial operations and business procedures.
Auditing Procedure of DWC Approved Audit Firm
Approved Audit Firms conducts the following auditing process:
- Primarily, the corporation signs an official DWC audit engagement agreement in Dubai South with an approved DWC auditor.
- The client’s organization and volume of business are thoroughly examined by the auditor
- Then, the DWC auditor examines the corporation’s financial accounts, legal documentation, and books and records
- The auditor verifies the compliance with international standards of auditing and International Financial Reporting Standards.
- DWC auditor makes sure the client’s business complies with DWC rules.
- The auditor also examines whether VAT regulations are being followed.
- Auditors in DWC then provide the audit report with a truthful and unbiased viewpoint
Approved Audit Firms in Dubai.
Farahat & Co. is one of Dubai’s prominent audit firms. We are a registered auditing firm in DWC and other numerous free zones in the UAE. We provide top-notch strategies that identifies the risk that a company might be incurring. We aim to administer premiere and efficient audits for our valued clients’ businesses.
Farahat & Co. has years of experience providing expertise in the fields of audit, accounting, business advisory, business consulting, and tax consulting. Our expert team of professionals specializes in a variety of corporate sectors and industries. They offer auditing and accounting services, specified to your requirements, including:
- Internal audits
- External audits
- Integrated audits
- Operational audits
- Financial statement audits
- Strata Audit
- Payroll audits
- Compliance audits
- Statutory Audit
- Forensic audits
We highly value our clientele’s business, thus, we provide premiere auditing and accounting services that enables businesses to thrive. So, do not hesitate to call us today and we shall be happy to assist you.