On this page
- What you need to know now
- Recognise the dated elements in the original article
- Complete the appointment or change process deliberately
- Check the consistency of the reporting package
- Keep historical approval evidence separate from renewal checks
- A practical way forward
- Frequently asked questions
- Official sources & further reading
What you need to know now
This 2019 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.
Recognise the dated elements in the original article
The archived article includes an old auditor list reference and describes a 90-day filing period. Neither should be copied into a current appointment or deadline guide. DMCC’s later guidance identified for this page uses a different reporting timetable, and eligibility must be checked using current authority documents. Retain the 2019 publication date and historical text as context while making the current check using the firm’s exact legal name and the company’s actual reporting period.
Complete the appointment or change process deliberately
Before the audit begins, identify whether the company is making a first appointment or replacing an existing auditor. Review the applicable authority procedure and arrange the required company approvals. Give the proposed firm enough information about the earlier engagement and outstanding reporting work. A new commercial agreement does not necessarily update the authority’s appointment records, so clarify who will complete that process and retain the resulting acknowledgement with the company’s permanent records.
Check the consistency of the reporting package
The financial statements, audit report, summary sheet and portal details should refer to the same company and accounting period. Review legal names after any company amendment and confirm that the final signed version is the one uploaded. If the auditor requests additional evidence or corrections, keep the resolution in the file. Using an old template without checking current instructions can create avoidable inconsistencies even where the underlying figures have been prepared carefully.
Keep historical approval evidence separate from renewal checks
An earlier listing may be relevant to understanding a past engagement, but the next appointment should include a fresh eligibility review. Store a dated record of the current check alongside the new engagement terms. Ask the firm to explain any change in its legal name or contracting entity rather than assuming that similar branding proves continuity. This makes the historical 2019 article useful for the audit trail while avoiding the misleading impression that a list number from that year is a permanent professional credential.
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 6 March 2019 · 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 Dubai 2019
DMCC Approved Auditors
DMCC Approved Auditors Dubai 2019 List : DMCC Approved Auditors List in Accordance to DMCC Approved Auditors Rules, version1.0 : Click here for complete list(S. No. 149, Account Number: 148947, Saif Chartered Accountants)
DMCCA – Dubai Multi Commodities Centre Authority DMCCA : According to the implementing regulations, a DMCC Member Company has to upload the auditor’s signed & stamped Audited Financial Statements Summary Sheet and the Audited Financial Statements Report via a designated online service request on the member portal within 90 days after the end of each financial year. As per the Approved Auditors Rules (AAR) issued on 12th January 2017, it is the responsibility of each DMCC member company to ensure that their appointed auditor is registered as an Approved Auditor with DMCCA and is listed in the Approved Auditors List (AAL). These rules do not apply to auditors appointed to audit DMCC member companies registered as a branch company provided such a company has a group auditor.
DMCC Approved Auditors: Why Saif Chartered Accountants
Saif Chartered Accountants is a professional firm of Chartered Accountants, established in Dubai as an auditing and accounting firm. 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.
We are affiliated to SGA World, a professional services firm helping clients develop better business strategies that build on their unique inherent and potential strengths the philosophy of the company, how it is organized to understand market opportunities and customer needs, and the methods it uses to deliver products and services. We help companies to continually adapt and continually improve.
GUIDELINES to Submit Audit Report to DMCCA
Follow the below process steps for a successful submission:
- Members are requested to advise their auditors to download the template “Company Audited Financial Statements Summary Sheet”, which can be found at www.dmcc.ae/managing-acompany > Compliance Services > Company Audited Financial Statements Summary Sheet.
- The auditor will then need to complete, sign and stamp the Company Audited Financial Statements Report Summary Sheet and print it on the auditor’s letterhead along with the Audited Financial Statements report.
- Once members have the two documents prepared, signed and stamped by the auditor, they will need to log on their portal and go to Company Services, then click on Compliance Services, where they will need to create a service request titled “Submit Company Audited Financial Statements Summary Sheet and Report”. Please note that this service request is free of charge.
- Members are requested to fill out the fields by entering the numbers and details as stated in the “Company Audited Financial Statements Summary Sheet”.
- Members are requested to tick the declaration box to confirm that the information provided is true and correct; noting that it is an offence to enter false information. Then, click “Save”.
- Members are required to update the Auditors Details by choosing the Listed Auditor Name from the drop down list.
- Members will then need to upload the following two documents and then, press“Submit”.
• Audited Financial Statements Report (Only copy is required)
• Audited Financial Statements Summary Sheet (Only copy is required)
Note: The original Company Audited Financial Statements Summary Sheet should be kept safely in the company’s possession and made available upon request by the DMCC Inspection Team.
DMCC Approved Auditors and FTA Approved Tax Consultant
Registered Tax Agent -Tax Agency Number (TAN) 30004113
FTA approved VAT agent :Appointing a Tax agent in the UAE is recommended for companies and persons in UAE.
Who is VAT agent?
A Tax Agent is a person registered with the FTA, who can be appointed by a Taxable Person to represent him/her before the FTA and assist in fulfilling his/her tax obligations and exercising his tax rights. A Tax Agent can assist taxable persons to fully meet their tax obligations and save them the time and effort required in compliance.
VERIFY THE DETAIL
Official sources & further reading
Source checks support this general guide. Your treatment depends on the facts, tax period and applicable legislation.
