On this page
- What you need to know now
- Understand what the 2021 reference can and cannot establish
- Plan evidence access when work is coordinated remotely
- Control document versions and management decisions
- Retain a complete record after the engagement
- A practical way forward
- Frequently asked questions
- Official sources & further reading
What you need to know now
This 2021 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.
Understand what the 2021 reference can and cannot establish
The original article records an earlier statement about audit services and approval. It does not establish the current status of an audit firm or the reporting requirements for a new period. Before appointing a firm today, check the exact legal name using current DMCC materials and retain the result. If you are reviewing an engagement from 2021, keep the original appointment documentation and report together so that historical information is not confused with a present-day credential.
Plan evidence access when work is coordinated remotely
A company may organise much of its audit information through secure online systems, but access to a folder does not mean that every procedure can be completed remotely. Agree the evidence needed and identify any work requiring physical access, original records or third-party responses. Use a structured document index and named contacts. Avoid sending unlabelled files across several email chains, which makes it harder to establish which period a document supports and whether a query has been resolved.
Control document versions and management decisions
Keep one agreed trial balance for each stage of the engagement and record subsequent adjustments clearly. Identify who can approve corrections and who will review the final financial statements. Where several staff members answer audit queries, use a central tracker so that contradictory explanations do not circulate unnoticed. Store the final signed report separately from drafts. These steps are particularly useful when finance staff work across locations or when a parent company is involved in reviewing the local accounts.
Retain a complete record after the engagement
The company should be able to locate its engagement terms, supporting schedules, approved adjustments, signed statements and submission evidence without relying on one employee’s mailbox. Review access permissions when staff or advisers change. A consistent file structure makes the next audit easier to prepare and helps new management understand significant historical balances. The practical value of the 2021 archive is to preserve continuity while directing current appointment decisions to current authority records and the needs of the present engagement.
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 11 February 2021 · 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 Auditors 2021
DMCC Auditors 2021 rule aim to register auditors who will ensure the best quality audit services offered to DMCC member companies and provide the assurance that the Audited Financial Statements represent true and accurate financial position.
DMCC APPROVED AUDITORS LIST 2021
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.
