The Dubai International Financial Centre (DIFC) Free Zone is located in the city’s financial centre. More than 25,600 professionals operating across more than 2,500 active registered firms comprise the region’s broad pool of industry talent, and DIFC is a globally…
The Dubai Multi Commodities Center Authority is known as DMCC. DMCC: In accordance with the implementing regulations, a DMCC Member Company is required to submit the auditor’s signed and stamped Audited Financial Statements Summary Sheet and the Audited Financial Statements…
JAFZA, one of the world’s largest free zones, is ideally placed in Dubai, United Arab Emirates. JAFZA was founded in 1985 and has grown from 19 firms to over 10,700, including more than 100 Fortune Global 500 organisations. The free…
Top Audit Firms in Dubai, UAE 2023: The requirement for auditors is one of the most important aspects of international business transactions. It gives you confidence that you are doing business with trustworthy companies, and it gives potential business partners…
Businesses are constantly under pressure to perform better and develop original solutions due to shifting stakeholder expectations and dynamic market patterns. Internal audit is an excellent tool for assessing the overall performance of any firm or organization. Regulation compliance, data…
Penalties for Failure to Comply with Economic Substance Regulation, UAE The Cabinet Resolution No. 57 of 2020 established administrative fines for numerous Economic Substance Regulations infractions (ESR). The number of fines for infractions committed by both Licensees and Exempted Licensees…
A new resolution lists the breaches as those that fall under the definition of the Cabinet Resolution No. 21 of 2020 governing service charges and administrative fines by the ministry and its amendments. The violations are defined in a newly…
UAE’s National ICV Program In the UAE, obtaining an In-Country Value (ICV) certification has grown to be one of the most crucial requirements for operating a successful business. The Abu Dhabi National Oil Company (ADNOC) introduced the ICV programme for…
Emphasis on Risk Approach The primary role of internal audit function is to support an organization in achieving its objectives. By definition, the internal audit function provides a systematic approach to evaluate and improve the effectiveness of risk management and…
The 5th Branch Office of KGRN Chartered Accountants has been established with great success in Melbourne, Australia. Victoria’s capital city, Melbourne, is located on the coast of the state of Victoria in the southeastern part of Australia. The Southbank neighbourhood…