Businesses worldwide work with a mission to find opportunities and solve problems persistent in the world. Along the journey to achieve growth, companies invest in resources that include employees, infrastructure etc. Companies find different means to finance the resources employed. They face challenges daily, and at times, companies fail to meet their debt obligations to […]
UAE is home to many international businesses and entrepreneurs, both local and foreign. The sheer number of business opportunities provided by the UAE is available only in few countries worldwide. The UAE, due to its proximity to countries in Asia, Europe and Africa, has certain geographic advantages which attract businesses. For companies to carry out […]
The UAE is considered a hotspot for emerging businesses and provides ample opportunities for companies to achieve the next growth stage. As the companies evolve externally, the internal processes should strengthen to keep up with business growth. The internal process’s strengthening involves the formulation of company operational processes and employing a check mechanism to keep […]
The internal functions work as the backbone of the organization. They play a very crucial role in the success of the organization. The internal functions such as bookkeeping, accounting and recording will provide the management with historical data on the direction of the company’s journey towards achieving the goals and targets. Similarly, the audit mechanism […]
There has been a substantial increase in the number of businesses that have sprung up in recent times. Still, 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., very […]
Banks, Insurance agencies and retail sector units have been using data analytics for analysis, model and design their industry for almost a decade. Audit firms have also started practising this to analyse and verify smaller audit firms for increasing audit quality. Lately, large audit firms have changed their methodology by taking data analytics for 100% […]
Setting up and conducting a business can be a very hectic process. A company needs to follow a number of compliance rules as set by the jurisdiction. Similarly, the businesses also need to follow certain rules and regulations for the liquidation of the company in these jurisdictions. The liquidation process can become a little complicated for the […]
Why would a business choose to outsource an audit? Can’t it learn to do it itself? Of course, it can. However, more often than before, companies are choosing to outsource audit functions for the following reasons. Cost of training Audits performed take longer than when outsourced Loss of productivity High downtime Auditing is an impartial […]
It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Auditing can help your company succeed by providing you insights into your business’s overall health, offering an accurate report on your cashflows. As […]
Setting up a business in the United Arab Emirates is a very beneficial and profitable decision which any businessman can take. With a number of business opportunities and the prospect of exploring new markets, setting up a business in the UAE can be a very profitable venture. Even the Government of the country is providing […]
