Risians Accounting & Tax Consultancy offers expert audit services in DMCC so as to keep your business fully compliant with all regulatory norms. A DMCC audit involves a thorough inspection of financial statements by an independent auditor for the purpose of error detection, fraud prevention, and validation of accuracy with respect to reported financial information. All companies registered in DMCC are obliged to submit their audited annual financial statements to the DMCC authorities through a DMCC-approved auditor.
The DMCC Free Zone, in Jumeirah Lake Towers (JLT), offers several incentives, ranging from various license activities to flexible office solutions and a smooth setup. However, for all companies registered in DMCC, an annual audit of their financial statements must be conducted, which is to be carried out by auditors approved by the DMCC, and these statements will be submitted to the Dubai Multi Commodities Centre Authority (DMCCA).
Hence, one should truly engage a reliable audit firm accredited by the DMCC, having experience in handling DMCC audit requirements to ensure full compliance so as to avoid penalties or issues with license renewals.
Dubai Multi Commodities Centre (DMCC) has extended the deadline for annual audit submission to 30 September 2025 for the 2024 financial year. This means that companies now have an additional three months to complete their audits and prepare their accurate financial reports as compared to the 30 June date.
Audited financial statements must be submitted through the DMCC portal within this period using a DMCC-approved auditor and prepared in accordance with IFRS standards by the auditor. This new extended timeline coincides with that of the UAE corporate tax filing, which will allow businesses to synchronize their reporting requirements and further reduce the penalty risks, like blacklisting or trade license suspension for late submissions.
DMCC companies must undergo auditing to ensure transparency, accuracy of financial statements, and compliance with DMCC regulations. All companies registered with DMCC must file their audited financial statements and a summary sheet before the expiry of 180 days from the end of the financial year through the DMCC portal.
At any point in the process of auditing, DMCC authorities may request other documents or original records. Penalties shall apply for late filing of audited accounts under DMCC Company Regulations, delaying the renewal of the trade license, or even suspension of the license. Regular auditing assists companies in having good corporate governance, meeting regulatory expectations, and inducing trust from their stakeholders, banking institutions, and investors.
Smoothened and compliant DMCC audits require the following documents to be made available by the companies:
Corporate Governance Documents
Bank Details
Transaction Records
Financial Statements
(This is a significant document, as this serves the basis for the audited financial statements.)
Risians Accounting and Tax Consultancy is one of the top audit firms in the DMCC Free Zone that offers reliable DMCC-approved auditing services in Dubai, UAE. Our skilled auditors assist businesses in recognizing operational risks, along with ensuring compliance with DMCC regulations as well as UAE accounting standards. In addition, we undertake specific audits for multinationals, ensuring that our service deliverables are precise, time-focused, and extremely professional, making Risians a name synonymous with trust for DMCC audit solutions.
These benefits signify audits are a fundamental component in compliance as well as efficient business work in the DMCC Free Zone.
Risians Accounting & Tax Consultancy is one of the well-known DMCC-approved audit firms in Dubai, UAE. Our proficient team of chartered accountants takes detailed financial analysis and statement verification for companies within the DMCC Free Zone and makes them double sure with proper supporting documents. To admit internal corporate governance systems, we offer comprehensive professional audit services such as financial, external, internal, forensic, due diligence, and risk management audits. At Risians, we have customized audit reports designed to meet a variety of corporate needs while adding real value to your business. For trusted DMCC audit expertise, reach out to us today.
An audit in DMCC is an independent scrutiny of the financial statements of a company, making them eligible for Dubai Multi Commodities Centre (DMCC) Free Zone audits to ensure accuracy, tranquillity, and compliance with DMCC regulations and IFRS standards.
All firms operating in the DMCC sector, including raw trade and service, must submit audited annual financial statements through a DMCC-approved auditor.
Auditing is a necessary requirement for being transparent; true and fair presentation of financial statements; compliance with DMCC regulations; credibility toward stakeholders, banks, and investors; as well as prevention of penalties, trade license suspension, or blacklisting in case of late submission.
Audits must comply with the auditors approved by the DMCC Free Zone Authority. Risians Accounting & Tax Consultancy is one of the well-known audit firms approved by DMCC that delivers quality professional audit services in Dubai, UAE.
The list of documents that will be included but is not limited to therefore are:
For the financial year 2024, the last date for submission of DMCC audits is 30 September 2025. Submission of an auditor's report on audited financial statements must be done via the DMCC portal through an approved auditor.
It can also create some regulatory and reputational risks apart from introducing fines, suspension, or revocation of the trade license of a company.
The audit will allow for clarity and accuracy in financial reporting, assurance regarding credentiality, better internal controls, and financing budgets and plans as well as streamlining trade license renewals.
We have a team of certified auditors that make sure each DMCC regulation, IFRS standard, and UAE accounting requirement has been adhered to. Our work includes an in-depth financial analysis, internal control evaluations, and custom audit reports.
Risians Accounting & Tax Consultancy can be contacted, and a consultation can be arranged. All necessary paperwork will be produced for the commencement of your DMCC audit, along with the expert advice of our certified auditors.
