Companies registered under the Dubai Development Authority (DDA) are required to prepare and submit audited financial statements every year, not as a one-time compliance exercise but as a recurring obligation tied to each company’s financial year end. DDA, previously known as the Dubai Creative Clusters Authority (DCCA), was established to support Dubai’s economic growth across … Read more

Suppose an audit firm is responsible for planning and executing audits of a given company. In that case, the auditors know how much effort and planning are required to ensure that your quality system meets ISO and GMP standards. As the quality system matures, specific sites, departments, or processes need more attention. Others may comply with … Read more

Following all applicable rules and regulations is crucial in today’s competitive, fast-paced corporate environment. One effective method for a company to confirm export compliance is the export compliance audit. The UAE has seen remarkable growth in export trade in recent years, both in volume and value. An export company needs an internal audit system in … Read more

What a Financial Statement Audit Actually Covers Auditing sits at the core of financial accounting, and in Dubai’s market — competitive enough that a meaningful share of small firms do not make it past their first year — the data an audit produces carries real weight for anyone trying to judge whether a business’s numbers … Read more

Why Internal Audit in UAE Banks Is Distinct From General Corporate Internal Audit Internal audit functions in UAE banks operate within a regulatory framework that imposes requirements well beyond those applicable to general commercial businesses. UAE-licensed banks are supervised by the Central Bank of the UAE (CBUAE), which has issued specific prudential standards, consumer protection … Read more