DMCC Approved Auditor in Dubai
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Lewis & Pecker
AVS Lewis & Pecker is a professional financial service provider based in the UAE that delivers customized business and financial solutions to organizations in the country.
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DMCC Approved Auditor in Dubai
Statutory Audit Services for DMCC Companies
AVS Lewis & Pecker Auditing is a DMCC Approved Auditor providing statutory audit services to companies registered with the Dubai Multi Commodities Centre (DMCC).
Our audit team supports DMCC companies with their annual statutory audit requirements, from audit planning and review of financial records through to the completion of the financial statements and independent auditor’s report.
Whether you are an established DMCC business, a newly incorporated company preparing for its first audit, or a company considering a change of auditor, our team can assist you with a professional and efficient audit process.
Looking for a DMCC Approved Auditor?
Contact our audit team to discuss your requirements and receive a tailored quotation.
Statutory Audit Services for DMCC Companies
Companies operating within DMCC are required to maintain appropriate accounting records and comply with applicable financial reporting and annual audit requirements.
As a DMCC Approved Auditor, AVS Lewis & Pecker Auditing provides independent statutory audit services designed to help DMCC companies meet their annual financial reporting and audit obligations.
Our DMCC statutory audit services include:
- Statutory audit of annual financial statements
- Audit planning and risk assessment
- Review and testing of accounting records and supporting documentation
- Review of significant financial statement balances and transactions
- Assessment of applicable accounting policies and financial reporting
- Review of relevant disclosures in the financial statements
- Communication of audit observations, where applicable
- Issuance of the independent auditor’s report upon completion of the audit
Our approach is tailored according to the nature, size and complexity of each business.
Who We Assist
We provide statutory audit services to DMCC companies across a range of business activities and industries.
Our team has experience working with businesses involved in areas including:
- Gold and precious metals
- Jewellery
- Commodity and general trading
- Professional and business services
- Holding and investment activities
- Technology and other commercial activities
Our experience across different sectors enables us to understand the accounting and audit considerations relevant to different types of DMCC businesses.
Our DMCC Statutory Audit Process
We aim to make the statutory audit process structured, transparent and efficient.
- Initial Discussion
We first understand your company’s business activities, financial year, accounting status and audit requirements.
- Audit Proposal
Based on the information provided, we assess the scope of the engagement and provide a tailored audit proposal and professional fee quotation.
- Audit Planning
Our audit team plans the engagement based on the nature and complexity of the company’s operations and identifies the key areas requiring audit attention.
- Document Review and Audit Fieldwork
We review relevant accounting records, supporting documents, reconciliations and other information required for the audit and perform the necessary audit procedures.
- Audit Finalisation
Audit observations and outstanding matters are discussed with management, and the financial statements are reviewed and finalised.
- Independent Auditor’s Report
Upon satisfactory completion of the audit procedures and resolution of outstanding matters, the independent auditor’s report is issued.
Need to complete your DMCC statutory audit?
Documents Generally Required for a DMCC Statutory Audit
The documents required will depend on the nature and complexity of the business. Generally, companies may be requested to provide information such as:
- Trial balance and general ledger
- Management accounts or draft financial statements
- Bank statements and bank reconciliations
- Sales and purchase records
- Accounts receivable and payable schedules
- Fixed asset register
- Inventory records, where applicable
- Loan and financing information, where applicable
- Related-party transaction details
- VAT and relevant tax records
- Major contracts and agreements
- Supporting documents for material transactions
Our audit team will provide a detailed information request based on the specific requirements of the engagement.
Why Choose AVS Lewis & Pecker Auditing for Your DMCC Audit?
DMCC Approved Auditor
AVS Lewis & Pecker Auditing is approved to provide statutory audit services to DMCC companies.
UAE Audit Experience
Our team provides audit and assurance services to businesses operating across various industries in the UAE.
Industry-Specific Experience
We have experience working with businesses operating in sectors including gold, precious metals, jewellery, trading and professional services.
Structured Audit Approach
We follow a systematic audit process from initial planning and information gathering through to audit completion and reporting.
Integrated Professional Expertise
In addition to statutory audit services, our firm has expertise across accounting, taxation, AML/CFT compliance, financial consultancy and other professional services, enabling our team to understand the broader regulatory and financial environment in which UAE businesses operate.
DMCC Statutory Audit – Frequently Asked Questions
Does a DMCC company require an annual statutory audit?
DMCC companies are subject to annual financial reporting and audit requirements in accordance with the applicable DMCC regulations and requirements. The specific requirements applicable to your company should be considered based on its circumstances and current DMCC guidance.
Does the auditor need to be approved by DMCC?
DMCC maintains an Approved Auditors List for auditors permitted to undertake applicable audit engagements for DMCC companies. Companies should ensure that the auditor they appoint meets the applicable DMCC requirements.
What documents are required for a DMCC statutory audit?
Typical requirements include the trial balance, general ledger, bank statements and reconciliations, sales and purchase records, receivable and payable schedules, fixed asset records, inventory information where applicable, tax records and supporting documentation for significant transactions.
The exact information required depends on the nature and complexity of the business.
How long does a DMCC statutory audit take?
The timeline depends on factors including the size and complexity of the company, quality and completeness of the accounting records, availability of supporting documents and responsiveness to audit queries.
Providing complete and reconciled accounting records at the beginning of the engagement can help facilitate a more efficient audit process.
How much does a DMCC statutory audit cost?
Audit fees depend on several factors, including the company’s turnover, nature of business, transaction volume, complexity of operations, accounting records, inventory, number of bank accounts and overall scope of the engagement.
Contact our team with your company details and we can provide a tailored quotation.
Can a DMCC company change its existing auditor?
Companies considering a change of auditor should follow the applicable appointment and professional requirements. Our team can discuss the circumstances of the proposed engagement and guide you on the information required before we can consider accepting the appointment.
Request a DMCC Statutory Audit Quotation
Have Any Question?
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