If your business is operating in Dubai Maritime City—whether in a free zone, offshore, or on the mainland—you’re required to maintain accurate financial audits to stay compliant, competitive, and credible. That’s where Theta 7 | Approved Auditors in Dubai Maritime City come into play. Through our licensed audit firm, AuditCo Times Auditors L.L.C, we offer IFRS‑compliant auditing services designed to meet UAE regulatory mandates while delivering strategic insights tailored for marine‑ and maritime‑sector businesses. With our expert team and official DED‑approved license, we not only fulfill your statutory audit requirements—we help unlock financial clarity and operational growth.
Dubai Maritime City (DMC) is a dedicated maritime business district that serves as a hub for shipping, logistics, ship repair, marine manufacturing, and related services. Companies registered here may be in free‑zone entities, offshore setups, or mainland operations—each of which has specific auditing and financial reporting obligations.
Operating within DMC means compliance with UAE audit regulations, which include:
Annual statutory audits under UAE Commercial Companies Law and Ministry guidelines
IFRS‑compliant financial reporting for transparency and consistency
Free zone audit mandates if you’re a DMC free‑zone company
Special‑purpose or forensic audits, depending on requests by regulators or investors
At Theta 7 Group, our licensed audit firm—AuditCo Times Auditors L.L.C—delivers independent, full‑scope auditing services. We’re officially approved by DED, and our chartered accountants are well‑versed in both UAE law and IFRS standards. Partnering with us gives you access to a trusted audit practice backed by decades of financial expertise and a client‑centric ethos.
DED‑Approved Audit License ensuring regulatory compliance
Experienced Chartered Accountants & Certified Auditors skilled in the maritime sector
IFRS‑Compliant Financial Audits for free‑zone, mainland, and offshore firms alike
Custom Solutions suited to SMEs, larger corporations, and complex group structures
Compliance‑Driven, Accuracy‑Focused approach delivering credible audit reports
At Theta 7, our audit services are designed to meet a wide spectrum of business needs—especially for maritime companies operating within Dubai Maritime City. Each service goes beyond compliance to deliver clarity, credibility, and actionable insights:
External Audit Reports
We provide statutory external audits that satisfy all UAE legal requirements. These audits are not just regulatory formalities—they’re deep financial assessments that help all registered entities within DMC operate with transparency and confidence.
Internal Audits
Our internal audit services are structured to evaluate your control environment, risk management framework, and governance structures. Ideal for companies looking to improve internal operations, reduce financial exposure, and increase stakeholder confidence.
Special Purpose Audits
We conduct targeted audits crafted for specific situations like financing rounds, regulatory approvals, or investor reviews. These reports are customized to address one-time events or highly focused financial inquiries, especially for companies dealing with external stakeholders in the marine sector.
Agreed-Upon Procedures (AUPs)
Need a detailed review of a specific transaction, contract, or compliance matter? Our AUPs allow you to define the exact scope, and we execute those procedures with precision—perfect for projects requiring narrow scrutiny or detailed financial assurance.
Compliance Audits
These are designed to ensure that your business adheres to applicable laws, industry standards, and contractual obligations. Particularly valuable for companies regulated by free zone authorities or engaged in partnerships that require strict legal adherence.
Financial Due Diligence
Before any merger, acquisition, or financing event, a thorough financial review is critical. We deliver rigorous due diligence services that help buyers, sellers, and investors make informed decisions with full visibility into the target entity’s financial health.
Forensic Accounting
When financial discrepancies, suspected fraud, or legal disputes arise, our forensic accounting service steps in. We conduct detailed investigations that uncover anomalies, trace transactions, and provide clear evidence for internal or legal resolution.
To ensure a seamless audit, companies typically prepare the following:
Audited financial statements (balance sheet, P&L, cash flow statements) drafted per IFRS.
General ledger and accounting records, including journals and trial balances.
Bank statements and reconciliation reports for all accounts in the audit period.
Invoices, contracts, and purchase orders supporting material transactions.
Fixed asset registers and depreciation schedules, particularly relevant to maritime assets.
Payroll data and HR records, especially if crew or maritime employee payroll is involved.
Inventory records and stock take reports, such as marine parts, vessel components, or materials.
Internal control documentation, risk assessment notes, policies on approval hierarchies, and governance frameworks.
Free Zone license documentation and company incorporation papers, especially for FZE or FZCO entities in DMC.
Board resolutions and shareholder minutes, particularly if your audit is tied to financing or external compliance requirements.
Previous audit reports, especially if this is not your first statutory audit year.
If your company is registered within the free zone, mainland, or offshore entities at DMC, audit requirements apply to you. You may also require more specialized audits—such as forensic or due diligence services—depending on investor relations, financing needs, or regulatory scrutiny. Visit Theta 7’s audit guidance page for full details.
Seamless integration with Dubai Maritime City’s regulations, including free‑zone audit obligations
Sector‑specific experience in maritime operations, vessel maintenance, logistics, and offshore service firms
Efficient audit delivery, minimizing disruption while ensuring accuracy
Insightful findings that support strategy, not just compliance
Transparent fees and tailored engagement approach, from SMEs to complex corporate groups
We specialize in maritime auditing with a DED-approved license and IFRS alignment—backed by real sector experience.
Yes, all Free Zone entities in DMC must file audited financials annually as part of their regulatory obligations.
Depending on company size and document readiness, audits typically take 2–4 weeks from initiation to final report.
Absolutely. We provide special purpose audits, forensic accounting, and due diligence audits tailored for specific scenarios.
Yes, our team provides checklists and hands-on support during onboarding to make the process seamless.
Your business deserves more than a generic audit—it needs a maritime-minded financial partner who understands your sector inside and out. Schedule a no-obligation consultation with Theta 7 today and discover how our approved auditing services can streamline compliance, enhance trust, and position your company for long-term growth in Dubai Maritime City. Let’s anchor your financial reporting in precision and strategy—start your audit journey now.
