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Steps to Audit Your UAE Company’s Procurement Department

Steps to Audit Your UAE Company’s Procurement Department

steps audit uae companys procurement department

Procurement audits in UAE provide companies with unprecedented visibility with their expenditures, resulting in better management of the companies’ whole expenditure portfolio. Procurement can include items such as: Professional services  Office technology and office products Janitorial, sanitation, and cleaning supplies Lab supplies  Safety and electrical gear  Paper, shredding, and document management processes  Workplace furniture  Maintenance, … Read more

Tips to Prepare for a Statutory Audit in UAE

how to to prepare for a statutory audit in uae

Dealing with the UAE Federal Tax Authority in an extended period of time can be a prospect that’s nerve-racking to most. This is especially so if the authorities are auditing your business. Fortunately, a dose of preparation and planning will be able to make a statutory audit free from financial harm or delays to your … Read more

How to Perform Inventory Audit in UAE?

how to perform audit for inventory in uae

Businesses, including ecommerce, may have to audit inventory whether it is for verifying units that are on hand or for compliance purposes. An inventory audit may done either in house or a third party. In this article, we will look deep into the procedure of inventory auditing valuable assets of a business – inventory! What … Read more

Ways to Spot Fraud in Business Financial Statements

ways to spot fraud in business financial statements

Fraud involves carrying out illegal activities for the sole purpose of personal gain. Business Financial Statement fraud accounts for approximately 11% of white-collar crime. Fraud is committed by individuals, a group or business entities. Examples of Fraud. Business Financial Statement fraud examples Cooking the books Boosting profits whilst lowering losses. Reducing or hiding liabilities and … Read more

What Is Due Diligence When Buying a Business in the UAE — and What Does It Cover?

how businesses uae conduct due diligence

What Due Diligence Is and When It Takes Place Due diligence is the structured investigation a prospective buyer conducts on a target business before committing to an acquisition. It takes place after the buyer and seller have agreed on a deal in principle — typically documented in a Letter of Intent or Memorandum of Understanding … Read more

Construction Audit in UAE: Why It’s Necessary for Your Project

construction audit in uae why its necessary for your project

Construction audit in UAE involves a process that goes beyond cursory checks in order to make sure specifications and guidelines are being followed. A full construction audit that is done by specialists offers projects in UAE with structured reviews on the whole construction process while putting the focus on keeping costs of projects within the … Read more

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