What are the requirements to be an Approved Auditor Services in DMCC?
To be recognized as an Approved Auditor and included on the Approved Auditor List, an Audit Firm in Dubai, Abu Dhabi, Sharjah, or elsewhere in the UAE must meet the following essential criteria:
1. The firm must employ an Auditing Partner who holds an accounting qualification and possesses at least 10 years of relevant experience.
2. The firm must have a valid commercial or professional trade license issued by a recognized authority in the UAE that allows for auditing services.
3. The firm must maintain a physical office within the UAE.
4. The Auditing Partner must hold a valid certification from the UAE Ministry of Economy.
5. The firm must demonstrate adequate capacity and the professional qualifications of its personnel who will be delivering audit services to clients.
An accounting qualification refers to a professional credential in accounting that enables an individual to practice in the jurisdiction of the certifying accounting organization.
Why are Approved Auditors Services required in DMCC?
Fazal Mahmood & Company is an auditing and accounting outsourcing firm located in Dubai. Their team comprises seasoned Chartered Accountants and skilled professionals with international experience. They possess extensive knowledge of accounting software and offer their services at a fraction of the cost of hiring a full-time employee.
Understanding the unique needs of businesses, they deploy a team of proficient accountants to meet those demands. Fazal Mahmood & Company, a specialized and licensed firm, is well-organized and includes corporate detailers, auditors, tax specialists, and financial analysts serving Dubai, Abu Dhabi, Sharjah, and the wider UAE.
They conduct audits in accordance with International Standards on Auditing (ISA) and are committed to delivering high-quality services within specified timelines. Their goal is to support businesses in achieving financial and social growth, enhance internal control systems for improved operational efficiency, and provide guidance and support in developing business strategies. They also assist in making informed decisions by assessing risks, offer VAT compliance services including registration, implementation, and return filing, and provide comprehensive accounting and bookkeeping services in Dubai, UAE, along with audit and assurance services.