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
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
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
When purchasing any business, it’s absolutely crucial that the prospective buyer , which is you, examines a business that’s in sale in full detail. Assessing a business is referred to as the process of due diligence. It is generally performed following the seller and the buyer agrees on a deal in principle but before a … Read more
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
Is there really a thing where vat return in UAE can be made audit-proof? Some kind of way in the preparation of VAT return filing which offers assurance that the business won’t be subjected to audits by the Federal Tax Authority? No, of course not! However, what we can offer you are the best ways … Read more
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