There are business opportunities all over the world but every jurisdiction has their own accounting standards and financial reporting standards. This makes it very important for a business management to keep a track of all the different accounting systems. Why do financial reporting practices vary across countries? The Accounting experts have hypothesized various influences on […]
The city of Dubai is considered the poster child of the Middle East. It is one of the most open cities in the middle east and welcomes tourists with open arms. This is the reason people of many ethnicities can be found in Dubai. With different ethnicities present in the city, people from all over […]
A grocery shop keeper started the business with several branches with minimum possible capital. When the business started to prosper, the activities flourished as the Sales doubled, Working capital increased, Statutory regulations strengthened, business locations multiplied, business relations widened. Isn’t his entire business process becoming too complex? We can relate the same to that of […]
For any business, tax time is both demanding and exciting. The business’ yearly tax return offers valuable insights into revenue as well as expenses and annual growth. A tax advisor is an accounting expert who specializes in the complex tax code, and who uses that expertise to help taxpayers reduce their tax burden. In this […]
Cost audit is the authentication of cost accounts to discover the accuracy of cost accounting records. It is a method to ensure that cost accounting records track the costing principles, procedures, plans, and objectives. We can also say that cost audit is the comprehensive checking as well as the verification of the accuracy of costing […]
All Corporates will face similar accounting challenges in the future years. If you mishandle any of these challenges in the coming years like say, if you miss a deduction at tax time, if you leave your data at risk to hackers, or if you fail to use the right accounting software, then your business will lose […]
Money is in the centre of all the crimes which have been committed and the latest trend is of committing online fraud. Online fraud is now the most recurrent crime that mainly includes identity theft. Fraud comes in several forms and can range from small value thefts up to extensive corruption within global businesses. Legal […]
The United Arab Emirates is one of the best places for setting up and conducting business. In the past, we have seen many reputed companies setting up their headquarters in the Middle East. In the Middle Eastern region, the United Arab Emirates is considered one of the best locations due to many reasons. Some of […]
The United Arab Emirates has gradually become one of the most attractive countries for setting up a business, and it is because of this reason there is an increase in the number of entities conducting business in the country. With the increase in business activities, there has also been an increase in fraudulent activities by […]
The increase in the people who are interested in conducting businesses in the country has been directly proportional to the fraudulent business activities in the United Arab Emirates. This means that we have seen an increase in fraudulent activities and tax evasion in the country. The Government of UAE has taken steps to tackle this […]
