Our blog is a compilation of insights along with the latest regional and industry developments that will help you to stay up-to-date, ahead and focused.
The Comprehensive Guide to Statutory Audits: From Basics to Practical Examples
Audits are an integral part of the financial world, ensuring transparency, accuracy, and accountability. One of the most commonly heard types of audits is the “statutory audit.” For businesses and stakeholders alike, understanding the ins and outs of this audit is crucial. In this article, we’ll unravel the concept of statutory audit, its process, and […]
Types of Audits: What Every Business Owner Should Know
Understanding the different types of audits is crucial for every business owner. It can impact financial statements, operational efficiencies, and compliance with various regulations. In this blog, we will dive into some of the most common audits that businesses might encounter, and offer a brief insight into each. 1. External Audits What They Are External […]
Who Uses External Audits and Why? Insights for Business Owners
In today’s expansive business landscape, external audits act as pillars of trust, transparency, and credibility. Whether it’s a multinational corporation, a budding startup, or a government agency, these entities turn to audits to ensure the integrity of their financial operations. These audits not only verify financial statements but also solidify an organization’s reputation in the […]
The Five Key Elements of an External Audit Process
The Five Key Elements of an External Audit Process External audits are vital mechanisms in the world of business, ensuring that companies maintain transparency and adhere to financial standards and regulations. By systematically reviewing a company’s financial statements and practices, these audits bolster confidence among stakeholders, including shareholders, creditors, and regulators. To fully grasp the […]
Internal Audit vs. External Audit: Which is More Effective for Your Business?
Internal Audit vs. External Audit: Which is More Effective for Your Business? In the business world, the terms “internal audit” and “external audit” are thrown around quite frequently. While both serve essential functions for a company’s financial health and compliance, they differ in their methods, purposes, and impacts. This article delves deep into these two […]
The Importance and Purpose of External Audits in Business
The Importance and Purpose of External Audits in Business External audits play a critical role in fostering trust, ensuring transparency, and upholding the integrity of financial statements in the business world. As an indispensable part of the corporate landscape, they ensure stakeholders, from investors to lenders and even the general public, can confidently rely on […]
Guidance on Economic Substance Reporting
The U.A.E. Ministry of finance has recently updated guidance on Economic Substance Report.
Environmental, Social, and Governance (ESG)
The year 2021 became the year of ESG investing. Investors concerned about climate change and social...
Economic Substance Regulations (ESR)
The UAE introduced Economic Substance Regulations (“ESR”), effective from 1 January 2019...
Corporate Tax in UAE
UAE Corporate Tax will apply to all UAE businesses, except for the extraction of natural resources...
Auditing in Dubai, UAE
How statutory / external audits work? The word statutory represents that the audit...