DMCC Approved Auditors
Dubai Multi Commodities Center, usually known as DMCC, is one of the largest Free Trade Zone in the UAE. DMCC Free Zone in JLT is a leading Free Zone and Centre of global commodities trading. Established in 2002, it is a connected marketplace where 21,000+ companies from various industries and sectors thrive. It also has a 200-hectare business and residential community with over 100,000 people living and working across 87 towers. Companies in this free zone access the advantages of exceptional direct trade connections not only in Dubai, UAE but also in the world’s key commodities markets.
DMCC authority registers and issues licenses to companies depending on their business activity and availability in the approved activity list. DMCC offers three categories of company licenses: Trading, Service and Industrial.
Phone:- +971 4 327 7775
Mobile:- +971 50 749 0576
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
The Companies registered under DMCC authority must prepare their annual financial statements per the International Financial Reporting Standards and get audited.
The DMCC Member Companies must upload the Audited Financial Statements and Summary Sheet on the client portal within 180 days after the end of each financial year. DMCC member firms are expected to ensure that their designated auditor is registered and approved by DMCCA and included in the Approved Auditors List (AAL).
HLB HAMT is a registered and approved audit firm in DMCC. As approved auditors and consultants for DMCC companies in the UAE, we ensure that the Financial Statements represent a true and accurate financial position and comply with the Freezone rules and regulations. Our clients receive objective advice and real-time solutions by adapting to our latest technologies and experiences.
Our audit methodology includes the following:
- Planning and understanding of internal controls
- Risk Assessment
- Testing of controls and details
- Finalization of audit report and financial statements
- Reporting of Control weaknesses (if any) and suggest corrective steps
What assistance can HLB HAMT provide you with your DMCC Audit?
HLB HAMT is one of the leading and most recognized auditors in DMCC. We offer businesses an honest and fair evaluation of their financial position and also ensure that the company’s accounts are free of any material misrepresentations and adhere to IFRS standards.
Frequently Asked Questions
Are Audits Required for DMCC Companies?
Yes, auditing is required for all member companies of the Dubai Multi Commodity Centre (DMCC). Each DMCC firm is required to select an auditor in line with DMCC company regulations and also make sure the auditor is included on the Certified Auditors List and enrolled with DMCC as an authorized auditor.
When is the submission deadline for audited financials in DMCC?
Within 180 days following the end of the fiscal year, each DMCC company is required to post its audited financial statements and financial statements summary sheet to the DMCC website. The authority can extend this term in some circumstances. The DMCC authorities have the right to ask for further paperwork at any time, besides asking for the originals when it comes time for an examination.
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