Mansoor Mulla Auditing of Accounts, our legal entity for auditing, is a 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.

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 verify the accuracy of financial records, validate transactions, and issue an auditor’s report reflecting our findings.

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

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

Excellence adheres to International Financial Reporting Standards (IFRS) for auditing and International Accounting Standards Board (IASB) guidelines for accounting.

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 statements and 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 can help ensure your financial statements comply with all regulatory requirements and provide accurate, transparent reports for your business.

Hiring a DMCC approved auditor is crucial for ensuring that your financial statements comply with DMCC regulations. Only the registered auditors or audit firms that are in the list of approved auditors for DMCC are authorized to examine and certify your financial accounts, helping maintain transparency, credibility, and trust with stakeholders such as investors, banks, and regulatory authorities

According to DMCC regulations, every company must appoint a registered auditor or audit firm 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 statements and audited financial report 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 list of audit firms or auditors approved by DMCC.

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 will help facilitate the audit process.

Our comprehensive accountancy 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 accounts review and reconciliations Dubai and across the UAE. 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.