With the evolution of company structures, the need for accounts maintenance has got a high demand. Business entities in Dubai are expected to follow the international accounting standards to maintain uniformity. Ranging from small to large-sized organizations, the concept of accounting is widely accepted. You must have come across instances where accounting is referred to […]

When an auditor is selected, the next thing is to prepare your company for an audit. Many people consider an audit of the company as an unsavoury prospect. They don’t want a separate third party to go through their books of accounts and find out mistakes. Nevertheless, auditing can act as a control measure and […]

Choosing to conduct an audit of your company is a very wise decision but before conducting any audit the management should have the knowledge of the different types of audit which are prevalent. A business may have an in-house auditing team or may ask an independent third party to conduct the audit of the company, […]

Taxes are significant for a country. The revenue from taxes is a continues source of funds which are utilised in the growth and development of the country. Thus, a country needs to periodically conduct a tax audit for the various businesses in the business environment. The tax audit will help the government to understand if […]

The United Arab Emirates is gradually transforming into a very attractive location for budding entrepreneurs and businesspeople to set up their business. The various benefits such as quick and easy business formation, tax-free regulations, business-friendly environment, etc. provide a very lucrative opportunity for them to pass. This has resulted in an upsurge in the number […]

The foremost purpose of a business is to maximize the profits for its shareholders’ while fulfilling its corporate social responsibility. In the long run, it is possible that these profits start to reduce and the company requires a complete review of its overall workings. This comprehensive assessment would be done by a third party and […]

The professions of an Accountant and an Auditor are very similar to each other, and the terms are often used in place of one another. Both the accountant and the auditor require the basic knowledge of accounting and bookkeeping and need analytical and computational skills. This causes people to confuse between the two and use these terms instead of […]

An audit process is one essential that any business entity can’t ignore. Conducting the audit process in the company highlights the high and low domains of a company. It helps the business owners, investors to get a gist of what’s going right and wrong in the company premises. During the audit process, an external auditor […]

Whenever the business owners hear the word audit, it is natural for them to wince ones or twice. They feel that the money and time spent on the audit process could be put to better use in developing the business. Nonetheless, the audit process is a very crucial service that a business requires, regardless of […]

Any business is incorporated with the underlying idea that it will grow tenfold in the future and the venture would be a great success. However, due to a mistake in the workings, a shift in the perception of the target market or instability in the business environment, the business might have to face its end. […]