A few conventional auditing duties take up many auditors’ time if the information isn’t organized and accurate enough. Some of the audits are prone to errors, while others are simple rule-based mechanical operations that are accomplished quickly. Artificial intelligence, cloud computing, data analytics, robotic process automation, and various other technologies have all impacted the external […]
Value Added Tax (VAT) was introduced in the UAE on January 1, 2018. All UAE mainland companies are required to comply with various requirements under the new UAE VAT Law. The filing of VAT returns to the Federal Tax Authority (FTA) is a requirement for all companies registered under the UAE VAT law. Therefore, the […]
Companies constantly seek an opportunity to identify external problems and find opportunities to resolve them. They employ different strategies to provide value addition and increase the returns for the shareholders. All companies at the same time should ensure the internal processes are robust, manipulation free and sustainable. Various financial and non-financial frauds can occur in […]
One of the oldest and most profitable businesses in the world is trading. This business activity has been performed since ancient days and is a vital activity for the business. In the present day, the activity of trading has become very vital for many countries and the trading businesses established in the various countries have […]
We all understand the importance of Auditing and Accounting in a business, but many a time, only having the auditing and accounting functions performed by the management may not suffice the present requirements of the business. In such a case, it is required that the management delves deep and finds more accurate and credible information […]
The Covid -19 pandemic has affected the business sectors in a very big manner. The companies in the market need to find new ways to be relevant, whereas the companies that intend to enter the market have found it difficult to show their presence. The methods to conduct the auditing have also changed as the […]
Most of the businesses start at a very small size and gradually grow to a bigger size. During its infancy, the management may not make a lot of transactions and this is why it may not feel a need for maintaining a record of all the transactions of the business. But as the size of […]
The World Expo 2020, which will be held in Dubai will be the first World Expo which will be held in the Middle East and North Africa (MENA) region. This event will be held for six months and will likely attract entrepreneurs and people in business from all over the world. The expo will showcase […]
Cost audit is a very important tool that can be used by the management to understand the present situation of the business and will also help in ensuring that the business is adhering to the procedures which are to be followed. In this article, we will try to explain at what time the management should […]
The concept of Value Added Tax (VAT) was implemented in the United Arab Emirates (UAE) on the 1st of January, 2018 with the aim of building a new source of revenue for the country. The rate for VAT has been decided at 5%. This VAT is applicable to both goods and services. If a service […]
