There has been a substantial increase in the number of businesses that have sprung up in recent times, but with the increase in the number of companies, there has also been an increase in the dangers of fraudulent activities. This has made the use of financial services such as Auditing, Accounting, payroll services etc. This […]
Why is Due Diligence required by a Business?
In the last decade, we have seen a huge increase in the number of companies that are being set up and this setting up of businesses has not been specific to a certain country or jurisdiction. This phenomenon can be seen all over the world. Such a healthy situation has been created due to many […]
How Auditing can help increase the profit margins of Business
A business needs to constantly understand its financial standing so that it can perform better. In understanding the business, auditing can play a major role as it analyses the various activities of the business and helps the management in understanding who a particular activity can be made better. Let us understand what an Audit is […]
Reasons why External Audit is important to a Business
We all know the benefits of audit of a company and the management of a company can choose between two types of audit namely External Audit and Internal Audit. Both the audits can be very helpful for the business and will help the management to understand the workings of the company and assist in devising […]
Some Basic Auditing tips for Startups
Startups are the way forward for the business ecosystem around the world. Startups are unique in their approach to business. A combination of innovations and neo-work culture appealing to the younger workforce is popular in many countries worldwide, including the UAE. Startups have created excellent shareholder value for the founders and investors alike. Accounting and […]
What are the various Challenges faced by an Auditor?
In the UAE, the Auditors play a crucial role in assisting companies in auditing the company’s financial records. They help company management, and the Board of Directors will fair and partial assessment of the process employed by various company departments. In certain Freezones, external auditors are required to carry out the financial audit every year. […]
What is the Difference Between Company Due Diligence and an Audit?
Companies operating in the UAE should conduct the affairs per the rules and regulations of various UAE laws, failing to attract fines and heavy penalties. It is also essential for organizations to know the requirements and differences between audit and Due Diligence. Due Diligence Due Diligence is used to assess the company based on reviewing […]
What is the need for Due Diligence?
UAE, one of the most attractive business hubs in the Middle-East and African region. It is a gateway of opportunities for international businesses. Businesses to achieve the next level of growth have entered the UAE by setting up a new entity or Mergers and Acquisitions. Due Diligence plays a significant role in helping companies decide […]
Who Can Perform a Statutory Audit?
UAE is known as the Gateway to the Middle East and Africa. The geographical location and the stability it offers in the volatile Middle East region, along with a business-friendly ecosystem, has made UAE one of the top business locations worldwide. As businesses from around the world exposed to different cultures establish regional headquarters in […]
Audit Guide for Companies In Dubai Free Zone
The Freezones in the UAE is popular among global companies due to the unparalleled benefits such as hassle-free approvals, complete foreign ownership, tax benefits and fast incorporation at lower costs when compared to mainland companies. These Freezones offer a specialized tax, customs and imports regime for the benefit of the companies. Separate rules and regulations […]