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Showing posts from March, 2022

Role of DMCC approved auditors

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  What is DMCC? DMCC is the Dubai Multi commodities centre authority was established in 2002 by the government of Dubai. It is the largest and most recognised free zones of the UAE. To conduct any business activity by  the best auditors in Dubai  or on the territory of the free zone, one must obtain a DMCC licence. The types of DMCC licences include. Trading license General Trading license Service license Industrial license Is audit necessary for every company? A statutory Audit is a compulsory audit for all companies, registered under the Companies Act, as a Private Limited or a Public Limited company. These companies have to get their books of accounts audited every year. A licensed auditor registered under the ministry of economy is only allowed to audit the company books as per the Federal Law of the UAE. The DMCC assurance about audit firms and auditors: The  DMCC approved auditors in Dubai  will ensure the best quality audit services are offered to the com...

Roles and Responsibilities of Internal Audit Firms

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  An Audit firm is responsible for evaluating operational procedures, risk management, control functions, and governance processes for a company or organization.   Best auditors in Dubai   present reports to the audit committee of the Board of Directors and senior management objectively without any internal or external influence or interference. The chief functions of  auditing firms in Dubai  are to: Express compliance with policies and procedures established by regulatory agencies and accounting standards, whether administered by the Financial Accounting Standards Board or Government Accounting Standards Board or any other specified board. Evaluate the quality of internal audits. Consider the quality of risk management Evaluate compliance with rules and guidelines (e.g., Securities and Exchange Commission) Assess the effectiveness and security of information technology systems Review the ethics followed under the code of cond...

Accounting & Auditing – Importance

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  Accounting -An accountant predominantly furnishes in-depth analysis and accurate reporting on financial records. They are versed to describe the reality of the finances of a company. Accountants also work directly with people to inspect financial records for tax filing for individuals or businesses. The scope of work for the   accounting firms in Dubai  includes specific and exacting details, day-to-day operations, financial accuracy, and taxes. Auditing – Auditors usually verify the work done by accountants by examining the financial statements prepared by accountants to ensure they depict the company’s financial situation accurately. An auditor in the  auditing firms in Dubai  can work internally for a specific company, auditing firms, government, and regulatory bodies like  JAFZA auditors in Dubai  or for a third party, to audit various businesses. The skills of Accountants and auditors lie in numbers. They must be good with numbers. They often wo...

Audit Firms – Services

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  An audit firm is for the following – progressive accounts, audits, tax, bookkeeping outsourcing agency assisting customers to fulfill their business and financial goals towards development, efficiency, and profitability. They have a major network of auditors, accountants, and trademark businesses. TGS KOYA started by providing services and assistance in the areas of auditing, assurance, and accounting, but as the market changed, they adapted, led business processes via innovation, and consistently exceeded their customers’ expectations. They are one of the leading   accounting and auditing firms in Dubai  with a team of experienced chartered accountants. Year after year, the auditing firms have added value to their clients’ businesses via improved financial acumen, technology advancements, increasing knowledge, and unwavering dedication. The main objective of an audit firm always is to deliver tailored solutions to each of their client’s individual needs. They recognize...