Nobody can refute the various advantages of auditing for a business as it assists the management of the company in various ways. Auditing can prove to be a very essential function for the survival of a business. in the last couple of years, we have seen a rise in the concept of setting up a […]
4 Pre-Requisites of an External Audit
A business entity is established with an aim to generate profit by making a legal business transaction. From the point of establishment, an organization carries out multiple exchanges with internal and external shareholders. Now, scrutinizing these business activities with the help of the company audit process turns out to be extremely essential. An internal audit service is […]
Steps for Liquidating a Company in Dubai Silicon Oasis
The birth of a business entity is the execution of the idea that an entrepreneur holds. An international business platform that motivates such ideas to mold into reality is Dubai. Multiple free zones and segments have been built accordingly to provide flexibility to every business entity to initiate their business ideas. One such free zone […]
Why Is Financial Audit Mandatory for SME Companies Registered in the UAE?
Managing finance is one of the most crucial tasks that every business entity needs to go through. A common question that keeps arising in the minds of an entrepreneur is: Is financial audit mandatory? Do the financial reports needs to be submitted to the authority? Well, the reason behind the existence of such a question […]
How to Choose Auditors from a list of Auditors in UAE
Dubai has seen tremendous growth in terms of businesses coming into the country. It is considered one of the most prominent business destinations and has been growing continuously. It has been paving a path for multiple businesses coming to the country worldwide and is headed towards becoming a platform for various companies. There are many […]
Why Internal Audit is Essential for Your Business
Internal audit is a formal inspection of a company’s internal controls, like accounting and corporate governance, with the aim of proposing improvements in the system and spotting any inadequacies before they are discovered in an external audit. Its role is to verify and ascertain that one or more functions of an organization are operating effectively, […]
The Importance of Risk Management in Business
In the modern business world, every organization faces risks; without risk there is no growth or reward. Risk management is the process of recognizing risks in advance and includes analyzing and taking precautionary steps to reduce the risk. In the financial world, risk management involves identifying and analyzing the risks in financial instruments before any […]
Implementation of Company Due Diligence in 2020
Too often, the process of due diligence is considered as trouble or impediment that must be encountered. This misconception overlooks the privilege that a corporate due diligence process actually provides. To explain the importance of due diligence, let’s take a step back and consider what due diligence is and how the whole process goes. What […]