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 […]
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 […]
Preparing the financial statements of a company holds massive importance for both the Management as well as potential investors. Without the financial statements, it would not be possible to know about the present state of the business. Not only this, when the financial statements are analysed, they provide an insight into the future trends in […]
Almost all businesses require some kind of fixed assets in order to function properly, and as the company grows, the number of fixed assets owned by the company also increases. The worth of a company can be estimated by the total amount of fixed assets the company owns. Though other factors such as goodwill, patents […]
The whole world is scared because of the spread of the coronavirus. As there is restricted movement of goods or people from one place to another, there has been a huge effect on people all over the world as well as the various business entities. The people are not able to go to work or […]
One of the most needed and helpful resources for any company is time. If a company does not have time to implement its strategy, then a lot of things can go wrong, and the company could inevitably shut down. In recent years, saving time has been possible due to the use of various techniques and […]
Most businesses focus on only a single product or service, which has a plus point that the complete focus of the management is on the production of the product or service. Still, the negative factor is that if the works emend gets low, then the business will have to reduce its production, and it may […]
