Category: Audit and Assurance

An audit can be a costly and time-intensive affair, which is why many businessmen and entrepreneurs have the wrong perception about it. Many people feel that by conducting an External audit they are wasting the time and resources of the...

Conducting an audit has slowly become an essential part of the life of a company or business. Organizations all over the world conduct an audit of their business undertaking irrespective of their size or the type of industry. One of...

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...

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...

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...

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...

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...

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...

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...

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...