On this page
- What you need to know now
- Use an old auditor reference as a record, not a current credential
- Organise the opening balances before a new engagement
- Manage the handover without losing control of records
- Set expectations for the first year with a new team
- A practical way forward
- Frequently asked questions
- Official sources & further reading
What you need to know now
This 2022 auditor-list article is historical. Before commissioning a present-day DMCC audit, confirm the exact firm on DMCC’s current Approved Auditors List.
The original article is preserved below as a historical record. Earlier deadlines, rates, offers and approval statements should not be used as current guidance.
- Match the legal name on the engagement letter to the current list.
- Agree the reporting period, information request and delivery date before work starts.
- Keep appointment confirmation and the submitted audit package together.
Use an old auditor reference as a record, not a current credential
The 2022 article preserves the website’s earlier information about audit services. Any approval claim or list reference belongs to that historical context until checked against current authority records. If the company is arranging an audit now, confirm the firm’s exact legal name and current eligibility independently. Keep a dated record of the check so that the engagement file explains the basis on which the appointment was made, rather than relying on an undated screenshot or a copied headline.
Organise the opening balances before a new engagement
When an auditor or accountant changes, opening balances can become a significant source of delay. Obtain the previous signed financial statements, closing trial balance, key reconciliation schedules and details of unresolved adjustments. Explain any difference between the prior report and the balances carried into the accounting system. Ask the incoming firm which earlier-period information it needs. Giving the new team only the current-year transaction list may leave it without the context necessary to understand the beginning of the reporting period.
Manage the handover without losing control of records
Prepare a list of the files, system exports and correspondence that the company needs from the outgoing provider. Use business-controlled storage and confirm which information can be shared with the incoming firm. Distinguish final approved documents from working drafts, and retain an explanation of outstanding questions. Where authority records need to be updated for a change of auditor, follow the relevant procedure separately; a commercial handover between firms does not necessarily update the company’s registered appointment.
Set expectations for the first year with a new team
Discuss the condition of the records, significant transactions and any unusual accounting periods before agreeing the timetable. The first year may require extra explanation of business processes and historical balances. Appoint an internal coordinator to answer questions and approve necessary corrections. After the audit, keep the final information list and resolved schedules as a foundation for the following year. This makes the historical 2022 reference useful as part of a continuity file without presenting it as proof of today’s approval.
YOUR NEXT STEPS
A practical way forward
- 01
Step 1
Open the current DMCC auditor documents.
- 02
Step 2
Obtain written confirmation of the proposed auditor’s eligibility.
- 03
Step 3
Confirm scope, independence and the submission timetable.
CLEAR ANSWERS
Frequently asked questions
Does an old listing prove approval today?
No. Use the current authority list and confirm the exact firm being engaged.
Should I choose an auditor on rankings alone?
Compare eligibility, relevant experience, independence, scope and fees. A promotional ranking does not demonstrate these.
Read the original article First published 15 March 2022 · retained for context
This earlier article is preserved for context. Its rates, deadlines, approvals and announcements may have been superseded. Use the current guidance and official references on this page for your next step.
DMCC Approved Auditors 2022
DMCC Approved Auditors 2022 rule aim to register auditors who will ensure the best quality audit services offered to DMCC (Dubai Multi Commodities Centre) member companies and provide the assurance that the Audited Financial Statements represent true and accurate financial position.
DMCC Approved Auditors List 2022
| Updated approved auditors list for DMCC 2021: Click here | S.l. number : 155, Account Number : 148497 | Name: Saif Chartered Accountants, 1106, The Prism, Business Bay Dubai |
| Email : info@saifaudit.com, info@dubaivat.com | Phone : 04 4518600, Mob: +971 503244029 | Chat on WhatsApp :+971 50 627 3556 |
Why Saif Chartered Accountants?
Saif Chartered Accountants is a professional firm of Chartered Accountants, established in Dubai as an auditing and accounting firm approved by DMCC. We have a full-fledged team with professional qualifications and experience in the field of accounting, auditing and business consultancy. Established in 1994, with offices in Dubai, Hamriyah Free Zone, Sharjah, and associate offices in RAK Free Trade Zone, London, Cardiff and India. Saif Chartered Accountants cater to a wide spectrum of clientele from diversified industries located in UAE.
VERIFY THE DETAIL
Official sources & further reading
Source checks support this general guide. Your treatment depends on the facts, tax period and applicable legislation.
