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
In business management, several different situations call for company valuation in UAE. An independent valuation is needed in satisfying the requirements of investors, answer the inquiries of lenders, and/or prepare for a future merger or acquisition. Regardless of why there’s a call for company valuation, it’s calculated using decision-oriented or market-oriented methods. But, the business … 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
Implementing an internal audit requires a meticulous and unified process flow which is why it is imperative to select the correct approach. In contrast with the more traditional controls-based approach which reviews and confirms compliance and financial controls, the risk-based methodology can yield more productive and insightful results. Five steps involved in applying a risk-based … Read more
As an owner of a business operating in the United Arab Emirates, it’s absolutely vital for you to monitor the business’ performance regularly. In order to do this, you’ll need real-time views of the company’s financials. This will allow you to gain a clear understanding of the numbers and what they mean. Without a proper … Read more
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
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