Internal audit is an excellent quality management tool for evaluating and improving key business processes. They show what is working well and what needs improvement. Here are tips to help you conduct your next internal audit successfully. Internal audit plays a vital role in keeping an organization on track. The key to internal audit management […]
The 6 Best Ways to Strengthen Your Internal Audit System Read More »
Every company registered in the United Arab Emirates must be audited following the laws of the United Arab Emirates to generate income. In addition, check record books, taxes due, refunds, and other financial or non-financial matters. There are various types of audits, such as internal audits, external audits, statutory audits, excise audits, financial audits, VAT
Business ethics enforce the law by defining acceptable behavior not subject to government control. Auditing companies in Dubai build business ethics to promote the integrity of employees and gain the trust of key stakeholders such as investors and consumers. While corporate ethics programs have become popular, quality varies. What are business ethics? Business ethics are
Business Development and Ethics: What Are The Benefits in 2023? Read More »
The quality of advice and the value you get is in the eye of the beholder. So whether you’re looking to hire a consultancy to generate new ideas for your business, gain a consultant’s expertise and experience, or grow your business, these skills will ensure you find the right firm and make your engagement work
Consultancy Firms Look For The Following 10 Skills Read More »
The word accounting is a ubiquitous word that we often hear in our daily life. Before diving into other aspects of accounting and why accounting is essential, let’s understand what it is. In layman’s terms, “accounting is the process of recording, summarizing, analyzing and recording the financial transactions of enterprises.” Accounting is one of the
The Importance and Implications of Systems Accounting in Business Read More »
Companies operating in Dubai, UAE, are required by law to be audited, which proves that the company is operating in compliance with commercial law standards, as auditors in Dubai play a vital role. Under the Commercial Companies Law, all mainland firms are mandated to have their financial statements audited. In addition, SMEs must keep financial
What UAE Auditors Do And Why You Should Know About Them Read More »
Accounting and auditing are specialized fields, but auditing has a wider range than accounting because it requires a solid understanding of various acts, and taxation rules, knowledge of accounting and auditing standards, and communication skills. Apart from this, confidentiality, integrity, honesty, and independence are basic requirements that must be maintained when performing audit procedures. The
Who Are The Big 7 Accounting Firms In 2023? Read More »
Here is the good news, some of the penalties and tax rules are reduced in a recent cabinet meeting to ease the business and taxpayers. The UAE Cabinet recently confirmed several updates to the administrative penalties applicable to companies violating taxes in the country. As part of Cabinet Resolution No. 49, several incentives were introduced
UAE Tax Rules Relaxed, Penalties Reduced In The UAE Read More »
The company keeps records of all financial transactions. Accountants manage and maintain these records and create reports based on them. A company’s financial statements can be used both internally and externally. Management typically uses detailed data daily, weekly, and monthly to control the company’s performance and productivity. Detailed data helps companies set goals and determine
Why Do We Do Financial Audits In 2023? Read More »
