DMCC

Auditing is compulsory for all Dubai Multi Commodity Centre (DMCC) member companies. According to the DMCC Company Regulations, every company has to appoint an approved auditor who is listed in the ‘Approved Auditors’ List of the DMCC. Every DMCC Company is required to upload the summary sheet and the audited financial statements to the portal of DMCC within 90 days after the end of the financial year. If the company fails to do so, it can attract a heavy fine as per the DMCC Company Regulations and risk a non-renewal of trade license in DMCC as well.