What Vendor Due Diligence Is Vendor due diligence (VDD) is an independent review of a business commissioned by the seller before the business goes to market. It produces a report on the company’s financial position, tax history, legal structure, operational profile, and key risks, structured to the standard a prospective buyer’s advisers would apply if … Read more
Corporate financial advisors work as business planners for a company. They help set financial goals and give management a clear overview of the company’s finances, helping the business make better-informed decisions going forward. This covers a wide range of financial and accounting matters. The role of a corporate financial advisor becomes especially relevant during a … Read more
The risk self-assessment questionnaire is a tool the UAE Ministry of Finance uses to assess how well UAE Reporting Financial Institutions (RFIs) are complying with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). It’s mandatory for every UAE RFI registered on the FATCA/CRS system with reporting obligations for the relevant … Read more
Maintain Accurate Financial Records From Incorporation A free zone company’s audit trail starts on day one, not in the weeks before license renewal. Every invoice, bank statement, payroll record, and contract filed from incorporation onward becomes part of the evidence an auditor relies on to form an opinion on the financial statements. Companies that treat … Read more
What an Inventory Audit Is and What It Examines An inventory audit is an independent verification process in which physical stock holdings are counted and compared against the quantities and values recorded in a business’s accounting system. Where the two match, the audit provides assurance that financial records accurately represent the inventory position. Where they … Read more
Choosing an auditor isn’t a decision to rush into. The work an auditor performs is genuinely critical, an audit report affects everything from bank financing to Corporate Tax compliance to investor confidence, so there’s little room for a poor choice. This guide covers what actually matters when selecting an auditor in the UAE, key factors … Read more
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