Lots of individuals and business entities in UAE and across the globe are currently facing financial uncertainty due to the coronavirus (COVID-19) pandemic, which also lead to several issues arising. Despite measures that are taken by local government authorities. businesses and individuals may still receive some unwelcome news with regards to charges, account closures, and/or … Read more
The recent COVID-19 pandemic triggered a major economic downturn, with bankruptcies rising while healthy companies are finding themselves faced with potential insolvency. Warning Signs for an Impending Company Bankruptcy in UAE While it is difficult to exactly predict the path of UAE economy when the pandemic fully subsides, more recent historic trends can demonstrate bankruptcies … Read more
Suppose you’ve got a notice sent by the United Arab Emirates (UAE) Federal Customs Authority that your business is going to be audited. Do you think you are ready? A lot of importers leave compliance onto their brokers; however, this can be the perfect recipe for penalties should you be faced with a customs audit … Read more
When it comes to a custom audit, preparation is key. A thorough pre-assessment of risks, compliance procedures and internal controls, as well as a review of reports, documents, financial accounts and entries of import, need to be carried out. This will ensure that you put through an accurate customs audit report. What is Custom Audit … Read more
Getting to know what a person thinks has always been fascinating in the fraud examination process. And this information can be especially useful while investigating fraud. They might express their feelings through social media sites, forums, blogs and even emails. Fraud examination consultants are beginning to gather and analyze this type of data in investigations. … Read more
According to the most basic definition, forensic accounting deals with all the financial information liable to legal reviews. Information about economic transactions, accounting systems, bills and payments, returns and payrolls etc. is gathered, compiled, and a conclusive report is developed on the basis of these findings. All the accountants can undertake this responsibility but, due … Read more
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