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 […]
Many times businesses endure a phase during which the company is not able to be a profitable venture and if this situation is not remedied the company will have to shut down. The management of the company should take care to implement certain remedies that can change the financial situation of the business for the […]
The process of Bookkeeping may seem insignificant for the business, but it is a necessary function that should be performed by all the businesses, no matter the size of the business. Bookkeeping is a process of recording each and every transaction performed by the business. Having a record of all the transactions can be very […]
Finance plays a very important role in determining the life of a business, and the business which has proper financial backing is more likely to thrive in a business market. In the earlier days, this meant that a business should be well established and have very strong financial backing, but this scenario has changed in […]
Directing an internal audit can be an extremely perplexing and time intensive undertaking and this is the explanation that relatively few business people and businessmen need to start the cycle of an internal audit in their company. In any case, each business should lead an audit at decided interval of duration. This would uncover the […]
An escrow is a financial management where a third party maintains and controls the transfer of the funds needed by two parties involved in a transaction. It helps make transactions safer by holding the payment in a stable escrow account that is only issued when all of the terms of an arrangement are met as monitored […]
