With the rapidly-changing business landscape in the UAE, it is becoming increasingly significant for businesses to have a clear and concise financial reporting system in place. Thus, enforcing Financial Reporting …
Read MoreWhat are IFRS and Why are they important for audit firms in Dubai, UAE?
The United Arab Emirates (UAE) has been one of the most profitable business destinations globally for the past few decades. The UAE is a country that attracts international citizens because of …
Read MoreHow Audit Firms in Dubai UAE Can Help Solve Financial Obstacles in Business
To determine how IFRS 3 should be leveraged to acquire an asset(s), audit firms in Dubai must first determine if the asset(s) acquired represents a business combination. Suppose the conclusion …
Read MoreHow Audit Firms Dubai Identify Combination Based on IFRS 3
Managing Internal and External audit procedures is an essential requisite for businesses to function in Dubai. An Internal audit maintains the Company’s financial profile and helps companies to overcome financial …
Read MoreA Detailed comparison on: How to conduct an Internal and External audit procedure?
A statutory audit is carried out by autonomous financial auditors who are unrelated to the company and have no invested interest in the company’s performance. It is much easier to …
Read MoreQuintessential Documents Required for an Audit of a Company
Corporate fraud has many negative economic effects on businesses. It involves harm to the business’s reputation, a decline in investors’ confidence, higher finance charges, and a decline in the corporation’s …
Financial records are frequently preserved for accounting purposes since a business runs on its fixed assets. It is essential to understand the audit methods required to verify these assets. If …
Read MoreWhat are audit procedures to verify the fixed assets in Dubai
For financial statements to be applicable, important decision-makers need to be able to analyse and interpret the statements. The externally audited financial statements help managers and investors evaluate an organisation’s …
As a thriving business in the UAE, you must ensure that internal and external audit for your company is conducted regularly and seamlessly. However, audit firms in Dubai require some …
Read MoreFive most common audit mistakes for businesses must avoid
IFRS 16 has been effective for some time now. And companies including audit firms in Dubai are numerous questions regarding its implementation. This guide will highlight some common issuers company …
Read MoreTop Issues Audit Firms in Dubai Experience When Implementing IFRS 16 Leases