Auditing a construction company goes well beyond confirming that guidelines and specifications are being followed. It covers pre-construction planning, the entire build process, and financial control throughout, with a consistent focus on cost management. The internal audit checklist for a UAE construction company includes risk management planning, invoice monitoring, and confirming industry best practices are … Read more
IAS 1, Presentation of Financial Statements, is the IFRS standard setting out the minimum content, structure, and general requirements for a complete set of financial statements. Every UAE business preparing IFRS-compliant statements, whether for statutory audit, Corporate Tax, or stakeholder reporting, relies on IAS 1 as the foundational structure everything else sits within. This guide … Read more
UAE over a considerable period is famous for its zero-tax policy. Such policy paved the way for millions of individuals to migrate to the UAE notwithstanding its temporary nature to explore the UAE’s market with a view of having a serious commercial advantage. For that simple reason, UAE was famous for its Zero tax policy … Read more
General trading companies operating in UAE free zones carry a specific compliance obligation many owners underestimate: most free zone licensing authorities require an annual audit report submitted to the authority, not just good internal bookkeeping. Ignoring this requirement is a common and costly mistake, since non-compliance can lead to penalties or trade license suspension. This … Read more
What IFRS 10 Is and Why the Control Model Matters IFRS 10, Consolidated Financial Statements, was issued by the International Accounting Standards Board in May 2011 and became effective for annual periods beginning on or after 1 January 2013. Its central purpose is to establish a single, consistent principle for determining when one entity must … Read more
What Outsourced Accounting and Bookkeeping Means in Practice Outsourced accounting means contracting an external accounting firm to handle some or all of a business’s financial record-keeping, reporting, and compliance functions, rather than employing a full-time in-house accounting team. The scope can range from basic transaction recording to a comprehensive arrangement that covers bookkeeping, VAT return … Read more
Hold On!
For audit, accounting, tax, or VAT, our team is here to help.
Need Expert Advice on: