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The overall inspection of the financial health of your company is called Audit.   Auditing firms in Dubai  helps the business owner to form an opinion about the current workings of the company and also helps the business owners in making the right decisions about the future of the business. It is considered one of the most important documents for an investor when it comes to investing in the company. The different categories of auditing are internal audit services, external audit services, statutory audit services. Following are a few ways in which audit can help your company: Identification of flaws:  The result of an audit report can be very beneficial in finding the weaknesses of the companies or any other flaws which otherwise might have overlooked. Discover Fraudulent Activities:  After studying the audit report we can get a comprehensive picture of the financial status of the company which would allow us to discover any fraudulent activity. Better Tax Managemen...

Accountancy is defined as preparing and maintaining financial records of a company’s transactions. Accountant’s primary job is 3A’s –  Analysing, Auditing and Assurance, and maintaining these records in accordance with the accepted principles and procedures of accounting. An Accountant is expected to have certain qualities which make him either a great accountant or just an ordinary one. A few of the qualities of  chartered accountant  firms in Dubai  are as follows: Ethical and Professional Standards: Every Accountant in UAE is required to follow The International Code of Ethics for Professional Accountants. These are as follows: Integrity Objectivity Professional Competence Professional Behaviour Qualified and Certified: A few recognized certifications for accountants are mentioned below: Certified Public Accountant Chartered Global Management Accountant Certified Management Accountant Certified Financial Analyst Certified Fraud Examiner Certified Informations Syst...

  Having a successful business and running one are two different things. If one has large amounts of funds and lots of daily customers, but if you don’t have sufficient accounting knowledge your business won’t flourish, at least if you are running the financial side of things yourself. Bookkeeping is an important part that every business owner must be able to deal with, and he must hire a professional who can take care of accounting and bookkeeping services. For this, you don’t have to employ an accountant or keep an in-house bookkeeper to perform accounting-related jobs for you. Most business owners in Dubai these days outsource their bookkeeping requirements to   accounting firms in Dubai . Following are the key benefits of hiring an accounting firm in Dubai for your business. Get A Neutral Financial Opinion: One of the most important benefits of hiring accounting companies in Dubai is that they can be very sensitively involved with the day-to-day operation of your business....

Internal auditors are employees of the company, while external auditors on the other side work for an outside audit firm.   Internal audit firms in Dubai  will examine issues relating to the company business practices and risks, while external auditors examine the financial records and issue an opinion regarding the financial statements of the company. Following are the main differences between the internal audit and external audit functions: Internal auditors are employees of the company, where as external auditors work for audit firm. Internal auditors are hired by the company, where as external auditors are appointed by a shareholder vote. Internal auditors are only responsible to management of the company, where as external auditors are responsible to the shareholders only. Internal auditors can submit their findings in any report format, while external auditors must submit their findings in the specific formats only . Internal audit reports are used by management, while e...

A lot of small company owners in the UAE are in need of solid tax and accounting advice on a regular basis. Tax allowances, rates, and regulations keep on changing constantly in the country. Small company owners already have many issues to handle on daily basis like keeping customers happy and satisfied, managing employees, and running the company. So, it becomes very important for these small business owners to find a tax and accounting professional, especially someone whom you can trust with VAT Consultancy Services in Dubai.   Following are some tips for choosing a tax professional that can help you with your VAT accounting obligations in UAE: Tax professionals with many years or even decades of experience are more likely going to provide you with better tax advice and assistance in complying with the tax code of UAE. In UAE, the best tax accountants to seek help from should have, on average, 10 + years of industry experience. Not all regulated tax agents in UAE or tax spe...