What you need to know about Continuous Internal Audit
Internal audit is a valuable process. Auditing can provide a clear, objective, and solid view of the financials and operations of a company. This type of internal auditing, which is …
Month: March 2022
Documents Required by DMCC Approved Auditors for Audit Service in Dubai
Under United Arab Emirates (UAE) Federal Law No (2) of 2015 or Commercial Companies Law, all limited liability companies (LLCs) and joint-stock companies are mandated to appoint auditing firms in …
How Dubai Entities Can Manage Internal Audit Cost Effectiveness and Performance?
These skills have seen a dramatic increase in demand since the introduction of internal audit professionals as an occupational and the implementation of the Code of Corporate Governance. Companies in …
What is Service Charges Audit and its Importance to Audit Firms in Dubai?
RERA considers all Dubai properties owned or managed by an Owner’s Association. They are required to collect service fees from residents. For maintenance services, these fees are charged by the …
The Post Adoption Impacts of IFRS 16: Audit Firms in Dubai Should Now for Stronger Commercial Decision Making
Many companies and Audit firms in Dubai continue to see IFRS 16 as a “change for accountants” since it was implemented on January 1, 2019. Many businesses are still trying …
Audit Services Summary of IAS 26 Accounting and Reporting By Retirement Benefit Plans
According to IAS 26, retirement benefit plans account and report to all project members as a group, not to individual members of a plan based on their benefits. Forms and …
Personal Financial Statements For Immigration Audit
Although a visit by the Home Office may seem daunting, it doesn’t necessarily have to be doomsday. Every business in Dubai and UAE is required to comply with all relevant …
Frequently Asked Questions on Auditing in Dubai
What is Internal Auditing? This is the job of professionals who are often part of a separate, independent departmental unit. They have a deep understanding of the organization’s business culture, …
A Practical Guide to IFRS 8 Segment Reporting For Audit Firms in Dubai
IFRS 8 focuses on financial statements of any company in Dubai & UAE whose equity instruments or debt are traded in public markets or wants to issue instruments in a …
Audit Firms in Dubai Explanation of IFRS 9 Commitments Contract
IFRS9 Commitments are items not reported as liabilities at the balance sheet date. These items are listed in the notes on the financial statements. Examples include binding contracts to rent …