Following all rules and regulations is crucial in today’s competitive and fast-paced corporate environment. One such method for your company to ensure compliance standards is the export compliance audit. In recent years, the UAE has experienced remarkable growth in its export trade, both in terms of volume (value) and value-added per unit time. An export … Read more

What a Financial Statement Audit Actually Covers Auditing sits at the core of financial accounting, and in Dubai’s market — competitive enough that a meaningful share of small firms do not make it past their first year — the data an audit produces carries real weight for anyone trying to judge whether a business’s numbers … Read more

In this series, audit firms in Dubai discuss the foundations for internal audits by industry. It also includes basic definitions and concepts that relate to auditors in particular sectors. Bank Internal Audit Programs Internal audits of banks assess the effectiveness and efficiency of the bank’s processes, policies, and internal control systems. Effective risk management requires … Read more

Auditing giants in the UAE and around the call for an overhaul of conventional audit practices that can expose organizations to fraud. One of the leading audit firms in Dubai, UAE Farahat & Co recently suggested the following fundamental ways to improve auditing procedures. These auditing methods improve fraud prevention and detection. When it comes … Read more