Category: Audit and Assurance

A grocery shop keeper started the business with several branches with minimum possible capital. When the business started to prosper, the activities flourished as the Sales doubled, Working capital increased, Statutory regulations strengthened, business locations multiplied, business relations widened. Isn’t...

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...

In today’s world, it is essential to understand the financial standing of the business, and this can be found out by performing an audit of the company. In a company audit, the concerned officers inspect all the books of accounts,...

The United Arab Emirates has seen a considerable increase in the number of companies set up in the country. It is also considered a breeding ground for businesses from all around the world. Many functions should be performed while establishing...

On 1st Jan 2018, the United Arab Emirates have implemented the concept of Value-Added-Tax (VAT), to build a unique route for revenue generation. This concept gets implied on the business entities who are entitled to deal with VAT with a rate...

To make the company a successful one, the management should pay close attention to the finances of the company and how they are handled. Initially, the funds of the company can be managed by the owner of the company, but...

Starting a business in the UAE is a feasible option for business investors and entrepreneurs. However, it is to be noted that once the business entity gets established, the real challenge is to maintain its existence. Any small move or...

It is a well-known fact that a business entity needs to undergo the audit process once in the financial year. Now, proceeding ahead alone with the business audit is a crucial task as it involves inspection and scrutiny of multiple...

Over the past few years, there has been a massive increase in the growth of business entities in the region of Dubai. Holding the flexibility of providing a perfect investment ground, the government has taken multiple strategies to ease the...

Performing an Audit of the company is looked upon as an obligation and not as an opportunity, but gradually this mind-set of the people is changing. Now, if the company is going into losses or is nor performing as planned,...