Setting up and conducting a business has become easier for everyone, primarily due to the increasing reach of the internet and the governments of the various countries understanding the need for business and their impact on the economy. As a result, there has been a significant increase in the number of companies that have been […]
UAE is known as the Gateway to the Middle East region and the Arab world for businesses worldwide. Due to the favorable geographic location and the stable governance offered by the UAE, many companies look forward to establishing and growing industries in the Country. Many UAE city-states such as Dubai and Abu Dhabi are metropolitan […]
Every entrepreneur understands the importance of conducting an audit of a company. The report prepared after the audit is being finished is used by the management to understand the current situation of the business and also to make the necessary changes to the management of the company. This makes the audit report one of the […]
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 […]
