Cost audit is a very important tool that can be used by the management to understand the present situation of the business and will also help in ensuring that the business is adhering to the procedures which are to be followed. In this article, we will try to explain at what time the management should […]
Audit Trends for Companies in 2021
In 2021, the Covid-19 pandemic has affected every aspect of human lives. The pandemic has caused severe shortages of various resources and has costed many lives worldwide. It has ill-affected the lives and lively hoods of many families and pushed them closer towards poverty. Economic growth has receded in many countries resulting in the loss […]
How has the Covid-19 pandemic changed the Auditing Services?
The Covid-19 pandemic has brought huge changes in the life of every single person. Business operations were the most affected as everyone had to maintain a social distance. This was a huge change as now every business has to change how it operates. As the people could not travel and had to follow social distancing […]
Importance of Due Diligence in the Current Business Environment
If a buyer is interested in buying a business in the United Arab Emirates, he must conduct Due-Diligence of the business before buying it. This will allow him to know the important details about the company and help him understand if the business will be a fruitful venture and will bring him profit. Different types […]
Difference between Forensic and Financial Audit
Every business needs to understand the current scenario of the business and how it is functioning in the current business environment. If the business is ready for the upcoming business trends. To gather this in-depth knowledge of the company, the management conducts an audit of a company. There are various types of Audits that a […]
Challenges faced by a Company on the Audit front
Companies worldwide operate under a set of pre-defined rules and regulations adopted by the management or company board. Therefore, it is highly essential for companies, especially public-listed companies, to conduct business fairly and transparently. Businesses are governed by company laws in every country and required to submit periodic audits to concerned authorities and the company’s […]
Conducting an audit for the first time? Pay attention to these
Start-Ups are the future drivers of the country’s economy. The unconventional approach towards solving problems and creating value through innovation, analysis and intelligence are traits of the start-up ecosystem. Start-ups working capital requirements are fulfilled by many rounds of funding by suitable venture capital companies and private equity funds. In the journey of the start-ups, […]
Importance for Audit of a Company in the Modern World
The modern world is more connected, organized and progressive with the adoption of technology. Globalization has eased the sharing of technology, best practices and culture. The opening of markets, especial by the Middle Eastern countries, has resulted in many international companies foraying to tap potential growth in these markets. The Government has adopted modern practices […]
All about Post Pandemic Audit Process
We all agree that an Audit is very necessary and valuable to a business, but the year 2020 brought many changes as to how a business was conducted. This also changed how the management of a business conducts its Auditing and Accounting functions. Due to the pandemic, it has become extremely difficult to go to […]
Difference between Auditing in Mainland Company and Auditing in Freezone Company
The UAE is a popular investment destination in the world. The government’s business-friendly policies, along with an urban culture, have enabled many entrepreneurs and multinational companies to set up their businesses in Dubai and other UAE emirates. In addition, a robust legal framework in line with international standards and a clearly defined taxation policy has […]