What a Chartered Accountant Is A chartered accountant (CA) is a professional who has completed a recognised accounting qualification, passed rigorous professional examinations, and accumulated supervised practical experience before being admitted to membership of a professional accounting body. The most widely recognised bodies in the UAE context are the Institute of Chartered Accountants in England … Read more

Audits in UAE are often conducted by internal/external audit departments and the regulatory authorities in the UAE. During an audit, financial statements of a business are reviewed to show whether or not they show what’s referred to as a “true and fair” view with regards to the company performance, and if they’ve been prepared accordingly … Read more

As we head onto another tax filing season in UAE, a small yet significant portion of businesses find themselves subjected to some surprise scrutiny from the UAE Federal Tax Authority. A regulatory audit in UAE is an external review conducted by the local tax authority and it’s often stressful for a business. It’s potentially expensive, … Read more

All companies have fixed and current assets that enable their operations. However, it is no secret that the identification of long-term property is something not every organization does effectively. As a result, there are many discrepancies regarding the assets of some companies making it hard for auditors to work out their true value. On top … Read more

Fraud in the company balance sheet or any financial statement is also known as cooking the company books. Fraud is the deliberate overstating of revenues, assets, and profits or understating losses, expenses, and liabilities. When audit firms in Dubai, UAE investigate financial fraud in businesses, they look for warning signs or red flags which indicate … Read more