Auditor of DSO

Approved Auditor of DSO : AARMAK

Companies operating in Dubai Silicon Oasis (DSO) Free Zone must have their books of accounts audited by audit firms that are registered within the DSO Free Zone. Audit firms not registered in DSO are not authorized to conduct audits, liquidation services, or any other services for companies operating in the zone.

DSO Free Zone Overview

Established in 2004, Dubai Silicon Oasis (DSO) is a globally recognized free zone, owned by the Government of Dubai, and serves as a hub for technology-based industries. DSO is the only free zone in the region that offers a technology park with services for both businesses and residents. Its vision revolves around six core strategies: large businesses, startups & medium-sized companies, universities & an incubation centre, venture capital funds, high-tech infrastructure, and government & business services.

Maintaining Accounting Records for Auditing

Companies operating within DSO are required to maintain accurate accounting records, including underlying documents that demonstrate and explain financial transactions. These records must comply with International Financial Reporting Standards (IFRS) and provide a clear view of the company’s profit and loss during the financial year.

Why is Audit Mandatory from Approved Auditors in DSO?
Under Regulation No. (1/2006) issued under Law No. (7) of 2004 and UAE Federal Law No. (8) of 1984, companies registered in DSO must have their books audited by a registered audit firm approved by the Dubai Silicon Oasis Authority (DSOA). Auditing ensures that the company complies with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) guidelines set by the UAE Central Bank. If the audit firm suspects any violations of these guidelines, they are required to report the findings to the authorities.

The auditor’s report must affirm that the company’s accounts represent a true and fair view of its financial situation and comply with the company's licensed activities. Auditors also investigate whether the company has maintained proper financial records and whether the accounts are in agreement with the company’s accounting records and returns.

Auditing Services in Dubai Silicon Oasis (DSO)

AARMAK is a registered audit firm with several free zones across the UAE, including Dubai Silicon Oasis. Established in 2001, AARMAK has extensive experience serving businesses in the DSO Free Zone, ensuring regulatory compliance and delivering detailed audit reports. AARMAK’s team of dedicated auditors ensures that companies follow UAE Central Bank regulations and apply best practices in local and international reporting standards, including IFRS, AML, and CFT.

Documents Required for DSO Audits

To conduct a financial audit in compliance with DSO regulations, auditors require the following documents:

  • Bank statements
  • Credit/debit confirmations for financial transactions
  • Copies of bills and invoices
  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
  • Latest trade license
  • VAT and excise tax registration details
  • Books of accounts

These documents enable the auditor to assess the company’s financial health and ensure compliance with DSO’s regulatory standards.

For more information regarding audit requirements and compliance procedures, connect with AARMAK's team of expert auditors by filling out the inquiry form below. AARMAK is a trusted auditing firm with years of experience in Dubai Silicon Oasis.

AARMAK, with 20 years in Dubai, offers expert auditing, accounting, taxation, AML consulting, trademark registration, and business setup services. We ensure compliance and drive efficient business growth.

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