Mansoor Mulla Auditing of Accounts, an affiliate of Excellence, is registered and approved auditor in DMCC, DIFC, JAFZA, DED, DWC, DAFZA, TECOM, Dubai Media City, SAIF Zone, Dubai Internet City, DSO, Hamriyah Free Zone, The Dubai Design District (D3), and other major free zones and regulatory authorities. As a trusted provider of audit and assurance services, we ensure compliance with all local regulations.

Yes, we are approved by the Ministry of Economy under registration number 843.

Excellence adheres to International Financial Reporting Standards (IFRS) for auditing and International Accounting Standards Board (IASB) guidelines for accounting. Our audit and accounting services ensure accuracy, transparency, and full compliance with both international and UAE regulations.

Hiring a DMCC approved Auditor is crucial for ensuring that your financial statements comply with the regulations set by the DMCC. Only auditors approved by DMCC are authorized to examine and certify your financial accounts. Engaging a recognized audit and accounting firm helps maintain transparency, credibility, and trust with stakeholders such as investors, banks, and regulatory authorities.

To prepare for an audit, businesses should organize their documents according to accepted standards. Common documents required during the audit process include the trial balance, VAT return filings, key general ledger entries, important business contracts, legal documents such as trade license copies and the Memorandum of Association (MoA), fixed asset schedules with depreciation calculations, schedules of payables and accrued expenses, lists of advances and prepayments, customer and supplier lists, and bank reconciliations. Proper preparation of these documents helps facilitate the audit process. Additionally, it ensures smooth execution of accounting and auditing services for accurate and compliant financial reporting.

Excellence is a leading audit firm in UAE, registered as a DMCC approved auditor and of other regulatory bodies. We follow statutory requirements, International Financial Reporting Standards (IFRS), and International Standards on Auditing (ISAs) to deliver the best audit experience. Our goal is to verify the accuracy of financial records, validate transactions, and issue an auditor’s report reflecting our findings.

Yes, audit reports provided by our accountants and auditors in UAE are widely accepted by all major banks in the UAE.

Yes, auditing is mandatory for companies in the DMCC and other free zones. Every company within the DMCC and other free zones is required to maintain audited financial reports for the past five years. Failure to submit the required documents to the free zone authority could result in a penalty of up to AED 5,000 or the rejection of the company’s trade license during renewal. As a DMCC approved auditor, we provide audit and accounting services to help ensure your financial statements comply with all regulatory requirements and provide accurate, transparent reports for your business.

According to DMCC regulations, every company must appoint an auditor to examine and report on its financial accounts. The directors of the company are responsible for preparing and approving these accounts, which must then be audited by a DMCC approved Auditor. The audited financial accounts must be submitted to the shareholders after the end of the financial year, following the due date set by the relevant authority. A company can only appoint an auditor if the auditor is listed on the DMCC approved auditors list. Engaging a listed audit and accounting firm ensures that all statutory requirements are met and financial reporting is fully compliant with UAE regulations.

Our comprehensive accounting services cover the daily recording and management of payments, receipts, sales, purchases, expenses, and inventory. We maintain the Fixed Assets Register in accordance with industry standards and perform regular monthly and quarterly bank reconciliations. Additionally, we handle payroll records, reconcile debtors and creditors, and manage journal entries, month-end provisions, and closings. We also prepare trial balances, profit and loss statements, balance sheets, and generate quarterly, half-yearly, and annual financial statements, along with management reports as needed. Our accountants provide complete accounting services to ensure accuracy, compliance, and insightful financial reporting.