Accounts and filing
The DIEZ Implementing Regulations 2023 include FZCO requirements for audited accounts and filing accounts with an auditor’s report. Confirm the applicable process for your legal form and circumstances.
Clear financial reporting for connected commerce.
Brainstorm Chartered Accountants supports Dubai CommerCity businesses with external audit, audited financial statements and IFRS reporting, alongside separately scoped QFZP, Corporate Tax and VAT support.
Our approach follows your sales channels, settlements, inventory, cross-border transactions and reporting purpose.
Online sales, marketplaces, payment processors, fulfilment partners and overseas suppliers can create complex reporting flows. Audit planning should reflect the actual business model.
Connect orders, settlements, refunds and bank receipts to the accounting records.
Financial statements, ledgers, revenue, gateway settlements, banks, receivables, payables, inventory, assets, foreign currencies and related parties, according to risk and materiality.
Sales and cash may pass through multiple platforms. Refunds, commissions, chargebacks, delivery adjustments and settlement timing can affect reported revenue and balances.
E-commerce, trading, distribution, logistics, technology and professional services, with procedures tailored to the company’s actual activity and financial risks.
Relevant records can be coordinated through separately scoped engagements, subject to acceptance procedures and appropriate auditor-independence safeguards.
Dubai CommerCity operates within the DIEZ framework. Confirm the current obligations and filing process for the entity before work begins.
The DIEZ Implementing Regulations 2023 include FZCO requirements for audited accounts and filing accounts with an auditor’s report. Confirm the applicable process for your legal form and circumstances.
The regulations address the adequacy of accounting records and their agreement with the accounts. Maintain reconciled information throughout the year.
Ministerial Decision No. 84 of 2025 requires a Qualifying Free Zone Person to prepare and maintain audited financial statements, irrespective of revenue level.
Review the DIEZ Implementing Regulations and the audited financial statements decision. Confirm current authority instructions and the relevant reporting period.
Select the professional firm for the intended filing and engagement, with current eligibility checked before appointment.
Brainstorm Chartered Accountants provides professional Dubai CommerCity audit services for businesses requiring external audit, audited financial statements, IFRS reporting, financial-record review and coordinated UAE tax support.
Brainstorm is a UAE licensed audit firm and an FTA Approved Tax Agent, providing audit and tax services under appropriately separated professional scopes.
Choose a service to reach its details. Procedures are designed around assessed risks, materiality and the evidence relevant to the company.
Independently examine financial statements and material accounting information under the applicable reporting framework.
Management remains responsible for the accounts. Preparation assistance and independent assurance require suitable scope boundaries and safeguards.
Review selected transactions across websites, applications, marketplaces and other sales channels. Trace material differences into the accounting records.
Reconcile material gateway, processor and marketplace settlements with accounting balances and bank receipts.
Plan procedures around material stock, warehouse locations, fulfilment providers and available quantity and valuation evidence.
Test selected purchasing, freight and international trade transactions in the context of the business model.
Review material customer accounts, supplier liabilities, accruals and relevant financing balances.
Review material additions, disposals, depreciation and relevant software or technology expenditure under the applicable accounting framework.
Review material intercompany and shareholder balances, related-party charges and foreign-currency reporting.
Where separately within scope, compare financial figures with Corporate Tax and VAT information. The figures need to be reconcilable, not necessarily identical.
A financial statement audit does not determine QFZP eligibility or replace a separate tax computation.
Communicate relevant observations arising from the audit, resolve outstanding matters and complete the professional reporting process.
A clear transaction trail helps explain differences between reported sales, settlement balances and bank receipts.
Match customer orders and channel reports with recorded sales and the relevant reporting period.
Identify returns, discounts, commissions, chargebacks and delivery adjustments.
Reconcile settlement reports, fees, reserves and amounts awaiting payment.
Trace net deposits and outstanding balances into ledgers and bank reconciliations.
E-commerce, trading, logistics and service companies require attention to different transaction flows and material balances.
Revenue completeness, returns, gateway settlements, marketplace deductions, stock movements and channel-to-ledger reconciliation.
Inventory, customs records, imports, exports, re-exports, goods in transit, freight, foreign currencies, customers and suppliers.
Warehouse records, freight costs, fulfilment providers, overseas suppliers, customer settlements and cross-border documentation.
Service and subscription revenue, deferred and accrued income, software costs, payroll, intellectual property, overseas clients and related parties.
A Dubai CommerCity company should assess its activities, income and commercial model before adopting a QFZP position.
Review legal status, actual operations, sources of income and Qualifying or Excluded Activities. Use transaction evidence rather than the licence description alone.
Consider free-zone, mainland, overseas, related-party and individual customers. Review revenue classifications and applicable non-qualifying revenue limits.
Assess operational presence, employees, expenditure, assets, transfer pricing, audited financial statements and the proposed tax return treatment.
Multiple channels, consumer sales, marketplaces, overseas suppliers and fulfilment centres can affect the analysis. Align the review with actual transaction flows.
Identify management fees, shared technology and marketing costs, intercompany financing, inventory transfers, service fees and intellectual-property charges. Maintain appropriate supporting documentation.
The formal Corporate Tax term is Qualifying Free Zone Person. Audited accounts are one requirement, but an audit does not by itself establish QFZP eligibility or 0% treatment for all income.
Vendor checks can cover commercial suppliers and professional advisers. Audit appointments require particular attention to credentials, independence and authority acceptance.
Use the reference printed on a Brainstorm report to check available details through the verification portal. Contact the firm directly if information differs or the reference cannot be found.
Authenticity checks do not replace reading the audit opinion, scope and limitations.
The supplied corporate material identifies Corporate Tax, QFZP, VAT and FTA tax-agent support. Confirm current credentials, authorisation and the proposed engagement scope.
VAT treatment depends on the facts of each supply. Audit and tax remain separate professional engagements, with appropriate auditor-independence safeguards when related services are coordinated.
The timetable and information requests are agreed after understanding the business model and condition of the records.
Review the CommerCity licence, legal form, activities, period and audit purpose.
Assess business complexity, records, transaction volumes and responsibilities.
Issue a checklist tailored to platforms, balances and reporting needs.
Identify material risks, sales channels and significant accounting areas.
Examine selected transactions, balances and supporting evidence.
Discuss differences, missing records and proposed adjustments.
Review accounting treatments, presentation and relevant disclosures.
Where separately agreed, compare figures with VAT and Corporate Tax information.
Evaluate outstanding evidence and complete reporting procedures.
Issue the report following completion of the relevant professional requirements.
Transaction-level platform and settlement records can be especially important for digital-commerce businesses. The final request list is tailored to the entity.
Year-round bookkeeping and reconciliation help avoid reconstructing high-volume transaction records at audit completion.
Unreconciled gateways, marketplace deductions, refunds, chargebacks and unrecorded fees can obscure sales and cash balances.
Missing quantity evidence, incomplete fulfilment records, goods in transit and sales or purchase cut-off errors require timely attention.
Foreign-exchange differences, incomplete related-party records and unexplained VAT-to-revenue differences need documented reconciliation. Avoid blanket 0% tax assumptions.
Select the engagement based on verified credentials, relevant experience and a written professional scope.
The supplied company material identifies UAE audit credentials, external audit and financial-statement reporting among Brainstorm’s services.
Access separately scoped Corporate Tax, QFZP and VAT reviews while respecting auditor independence and engagement boundaries.
Use report-reference checks for issued Brainstorm reports and confirm any Dubai CommerCity-specific eligibility before the intended filing.
Clear answers about appointment, financial records, authority requirements and tax coordination.
The DIEZ framework contains annual-account, auditor and filing requirements, including for FZCOs. Confirm the requirements and process for the company’s current legal form and circumstances.
Yes. Ministerial Decision No. 84 of 2025 requires a Qualifying Free Zone Person to prepare and maintain audited financial statements, irrespective of revenue level.
No. Relevant QFZP conditions and the treatment of the company’s income must be assessed. Location alone does not determine the outcome.
Legal status, actual activities, income, counterparties, substance, transfer pricing, audited accounts and other applicable conditions supporting the intended tax treatment.
Brainstorm is an FTA Approved Tax Agent and provides UAE Corporate Tax and VAT assistance within separately defined professional engagements.
Checking a supplier or professional provider’s legal identity, credentials, authority and suitability before appointment. For audit work, include any zone-specific acceptance requirement.
Use the report-verification portal with the reference printed on the report. Contact Brainstorm if details differ or a reference is unavailable.
Yes, through separately scoped engagements and suitable acceptance procedures, subject to auditor-independence requirements.
The supplied corporate documentation identifies FTA tax-agent services. Confirm current credentials, authorisation and representation scope with the team.
Start with the CommerCity licence, legal form, activity, financial year, latest trial balance, approximate revenue, transaction volume and previous audited statements. Agree a secure sharing method first.
Timing depends on company size, channels, transaction volume, bookkeeping quality, inventory, supporting evidence and responses to queries. Agree a realistic schedule after the initial review.
Timing, VAT treatment, tax adjustments, refunds, marketplace deductions, foreign exchange and related parties may create differences. Material differences should be explained and reconciled.
Explore financial reporting, tax, accounting and systems support.
Discuss wider external audit, controls and financial reporting requirements.
Explore audit servicesRegistration, calculations, returns and separately scoped free-zone tax analysis.
Explore corporate tax servicesReview registration, returns, refunds, imports, exports and supporting evidence.
Explore VAT servicesMaintain ledgers, reconciliations and schedules supporting financial reporting.
Explore bookkeeping servicesDiscuss permitted tax correspondence and representation within an agreed scope.
Explore FTA tax-agent supportReview finance, inventory, accounting systems and reporting workflows.
Explore ERP solutionsTell us your legal form, business activity, reporting period and accounting status. We’ll assess the requirements and discuss the appropriate audit scope, document request and quotation.