Be it a small mom and pop business, a retail chain, a Fortune 500 company, a government programme or a financial agency, all of them require regular, strategic, and comprehensive audits to track an organisation’s financials. Below are the major differences between regulatory audit, statutory audit & performance audit: Regulatory Audit A regulatory audit aims to […]
Every business in the world needs funds to function, and as the company grows, the management needs to give more thought to the capital structure of the company. The primary objective of every business is to maximize the value of the firm, which will, in turn, increase the profitability of the shareholders. One of the […]
Taxes play a very important role in a business and managing these taxes can mean the difference between the existence or liquidation of a business. each jurisdiction has its own rules and regulation for taxation and o understand and comply with these rules and regulations is the most important thing for a business. If there […]
To know about the financial health of the company is very important. There are many factors that should be considered while analyzing and describing the health of the company. to perform this activity, ratio analysis is used. There are many types of the ratio which are used to talk about the financial health of the […]
Tax is a compulsory payment levied by the government on an organisation or individual to raise revenue for public needs. The collected amount is then utilised for various public expenditure programmes. Taxes are essential for every country. The critical function of tax is to accrue funds for the functioning of government and its multiple types […]
In recent years, the number of companies has increased in Dubai due to the increased number of expats and the emerging economic development. Along with the increasing number of companies, the need for financial experts (i.e.) auditors is also increasing. When we talk about auditors, you can do your company’s audit in two ways: An […]
Every business will have to prepare for hardships in the future, and even when it is fully prepared, it may have to change its strategies at a moment’s notice due to a change in the business environment. This is why a business needs to be always prepared for emergencies. If not, the business may not […]
Sometimes a business has a number of branches or subsidiaries working for the parent company. Though these branches or subsidiaries could act as an independent company, some part of it is still answerable to the parent company. I order to fully understand the business, the auditor must audit all its subsidiaries and this is where […]
Emergencies can arise out of any situation and if the emergency is not handled properly then the responsible party will have to face a number of consequences. A business should also maintain some funds which can be used during any emergency situation. In most cases, if the business is unable to maintain itself during an […]
Auditing refers to the process of scrutinizing the account books of the company to ascertain the correct financial position of a company and to make out whether all the transactions were legit thereby confirming the absence of any fraud. Auditing involves examining the financial records of an organization or an individual to determine if they […]
