Outsourcing was first recognised as a business method in 1989, and it quickly gained popularity among business trends in the 1990s. Accounting outsourcing may sound unusual. Outsourcing is a business practise or method that entails hiring people or a third…
In order to make sure that financial stability is balanced, a due diligence audit is involved with the help of an audit firm. One can acquire a great understanding of the business capabilities of earning, customers, suppliers, financial positions, and…
Introduction: Hamriyah Free Zone Authority (HFZA) is a free zone located in the city of Sharjah, United Arab Emirates (UAE). It was established by an Emiri decree in November 1995 and is considered the second-largest free-trade zone in the UAE…
Audit firms in SAIF: The audit firm comes into the frame when the Saifzone license renewal becomes mandatory. The audit firms should mandatorily have qualified and professional auditors. The particular audit firm should be approved by the SAIF. After the…
The main significance behind the VAT registration in Abu Dhabi is the prototype to raise the financial system of the nation like all other countries. Examining the tax records, documentations and the return files of a person to check their…
Introduction: Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai and the Prime Minister of UAE, issued Law No.4 of 2018 regarding the initiation of Financial Audit Authority (FAA). Moreover, the Financial Audit Authority in Dubai is responsible for…
The proper functioning of any company or business requires it to maintain appropriate financial records and documentation. Various governments around the world require agencies and companies to submit their documents from time to time. Such a recording system enables both…
The auditing process and the service of the audit firms have become an integral part of the industrial set-up. Hence, accounting and book-keeping serve as the basis of any financially stable endeavour. The audit firm’s services have risen to grave…
An audit is a common term in a company’s or organization’s financial segments. An audit firm’s goal is to verify an organization’s financial documents so that there are no mistakes in the finance department. An audit firm ensures that the…
An audit is essentially an official examination of an establishment’s financial records, which include all transactions, investments, tax returns, and so on, to look for anomalies and discrepancies. Audit services assist the government in identifying illegal currency hoarding while also…