Statutory audit is a legally required audit to review an organization’s financial statements and records. The audit determines whether an organization provides an accurate depiction of its financial position by thoroughly examining financial information such as balance sheets, bank balances, bookkeeping records, and financial transactions. The companies subject to audit are usually the public listed […]
The UAE offers businesses worldwide many opportunities to achieve the next phase of growth and achieve success. The Government supports the enterprising individuals and global companies alike by providing them world-class infrastructure, cutting down red tape, unrestricted access to the global resources, skilled workforce and effective tax structure. The tax structure in the country is […]
The importance of a financial audit cannot be underplayed by anyone, and the most common type of Audit which will be conducted by any business is Statutory Audit. This type of audit is an audit of all the financial books of accounts of the business which have to be performed legally. This type of audit […]
A company is like a person. You have to take constant care of it otherwise there may be many problems to be faced. Just as a person needs to have health check-ups at the interval, the business should also have check-ups of determining the financial health if the business. Knowing about the financial health of […]
The 21st century is the age of digitization. Everything has an internet connection, 24/7 from complex data servers at Google to your android smartphone. With the rise in connectivity across the globe, digital currency has become the new cash and carry. Today, when you want to buy something, the options to pay for it are […]
There have been a huge number of business opportunities in the world and especially in the middle east. People from all over the world are looking to come to the middle east in order to set up a company and conduct their business. But with the increase in the opportunity for business comes the opportunity […]
The UAE is one of the world’s top countries with a robust business-friendly ecosystem supporting local and international businesses. Value Added Tax (VAT) was introduced recently and came into effect from 1st January 2018, and all eligible companies are required to file annual VAT returns. The business-friendly framework meant the federal government had allowed the […]
The primary aim of a business is to generate profits for both the company as well as the shareholders, but in certain cases, the company faces huge losses or is unable to change according to the shift in customer demand and preferences and has to shut down all its business activities. In this case, the […]
Every businessman understands the importance of Accounting in a business. The collecting, processing, and presenting the financial information is of great importance as this will allow the management to understand the present financial condition and make future strategies for the business. Every business must follow proper accounting methods. There is a process of accounting, which […]
Time is money and investment is the new savings. Everyone needs to invest in having a secure financial future. The earlier you start investing, the higher the returns you get when you retire. Anyone can get into investing at any age, and it begins with creating an investment portfolio. An Investment Portfolio An investment portfolio […]
