We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.
TECOM encompasses 11 business communities under the management of Dubai Holdings, a sovereign investment vehicle for the government of Dubai. Each of these communities focuses on a specific sector. Founded in 2005, the communities have grown in scope and consolidated based on the needs of the Dubai business sector.
Yes, Auditing is mandatory for all Tecom Member Companies. In accordance with DDA rules Company regulations, an auditor has to be appointed by every Tecom member Company. Each Tecom companies should ensure that the appointed auditor is registered as an Approved Auditor in Tecom and is listed in the Approved Auditors List.
Every Tecom Company has to upload the Audited Financial Statements and Summary Sheet to the AXS portal after the end of the financial year. In certain cases the authority may provide extension of such period.
Submission of Audited Financials is applicable to all Tecom companies including subsidiaries and branch companies. DDA Authority can request additional documents at any stage of the process as well as can request the original documents during inspection.
The following are the list of documents to be maintained and submitted for auditors.
Alya Auditing being the Tecom approved auditors audit the books of accounts in accordance with the provisions of International Financial Reporting Standards (IFRS). Further we help you to design and prepare your financial statements in accordance with the International Financial Standards (IAS /IFRS) without affecting the in dependency of auditing. We recommend to improve the internal control measures which will enhance the operating efficiency.
Out of all our auditing services, we need to find a suitable one for you. Depending upon the industry, we select the audit cycles which are required to be implemented on your business. This helps us to prepare an accurate quotation for you.
After the approval of services and quotation, we need the company to provide us information required to conduct the audit. The data is based on the type of audit we perform. Generally, the financial data (credit notes, debit notes, invoices, purchases, etc.) is required for the Statutory Audit. The forensic audit requires information about employees as well.
Our tailor made plan depends upon the necessity of the client. For different audit types, such as balance sheet audit, cash flow statement audit, fraud audit inventory audit, cash audit, stock audit, etc., different methodologies have been developed. Alya Auditors has created its own techniques which are efficient enough to perform a precise audit.
Auditing is done for various sections, and different auditing reports are generated. We review the generated document to make sure it is with respect to the federal law of UAE. It is further merged into one before presenting in front of the board of directors and shareholders.
The audit report contains all the information required to know the complete picture of your company. Based on that, if you need further assistance in making any changes, we will be available for you.