Companies are required to preserve their books of account for at least five years after the end of each fiscal year under the UAE Federal Law on Commercial Companies. Legal action can be taken against a firm operating in the UAE with books that are determined to be inaccurate, or if a company fails to … Read more
UAE proceeds to draw hundreds of experts each year who are looking for stimulating employment possibilities. The UAE government has put out several progressive and refined actions to solidify the UAE’s role as a top location for relocating, laboring, and investing. This includes the creation of a creative locale in Dubai, the “Project of the … Read more
The employee benefit plan is a compensation or pension plan granted by an organization to its employees. The Employee Retirement Income Security Act (ERISA) mandates that every employee benefit plan be audited in order to establish credibility and ensure compliance with applicable laws and regulations. The audit process for EBP financial statements can be quite … Read more
The UAE Cabinet of Ministers issued Resolution No. (82) of 2022, regarding the procedure for recovering the input VAT borne on the construction and operation of Mosques. This resolution is said to take effect 60 days after the date of its publication. The UAE has adopted another category of refund that will provide financial support … Read more
The DDA Audit deadline extended to 30th November 2022. All companies under Dubai Development Authority(DDA) are required to submit their DDA audit reports by 30th November 2022. Most of the top audit firms are registered auditors in Dubai Development Authority. DCCA 2016 regulations for private companies require all Free Zone LLCs and branches to submit an … Read more
Suppose an audit firm is responsible for planning and executing audits of a given company. In that case, the auditors know how much effort and planning are required to ensure that your quality system meets ISO and GMP standards. As the quality system matures, specific sites, departments, or processes need more attention. Others may comply with … Read more
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