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AUDIT & ASSURANCE SERVICES

Audit and Assurance Services in Dubai, UAE

AUDIT & ASSURANCE SERVICES

Audit and Assurance Services in Dubai, UAE

Accounting and Financial Reporting Services in the UAE

“Accounting is the language of Business” – Warren Buffet

Accounting and Financial Reporting Services in the UAE: Recording the transactions of a company is an integral factor that contributes to the growth of the company. Accounting helps a business to track its income and expenses, thus reflecting the result of the operation. The daily transactions of a company need to be recorded and accounted for to consider prospects for the business. The most common questions crossing the minds of investors are:

Is maintenance of Accounts necessary, as long as I know I have the money to run the business?

The UAE Commercial Company Law 2015, Federal Decree-Law of 2017 on Value Added Tax (VAT), and Economic Substance Regulation in the UAE are some of the laws requiring the mandatory maintenance of books of accounts in the UAE. Hence, making Accounting and Financial Reporting necessary.

How would I focus on the daily operations if I keep accounting?

Accounting and Financial Reporting will help the investors to understand the financial position of a company, analyze the investment opportunities, and reduce expenses that are not vital to the business. The prospects of a business can be determined only if the accounts are maintained. Accounts outsourcing services in the UAE is the most suitable option for an investor wherein he/she can dedicate their complete time towards the operations and at the same time ensure that the records are maintained, thus being able to reap maximum benefits.

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Audit and Assurance Service in Dubai, UAE

Audit & Assurance Service

Audit & Assurance Service – Professional top quality audit and assurance services in Dubai, UAE.

External Auditing Services

External Auditing Services

An external audit is often a regulatory requirement, but it's also an opportunity to take a look under the hood of your business and make sure everything is in line.

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Due Diligence Audit Services

Due Diligence Audit Services

Due diligence essentially means a process of verifying legal and financial risks associated with investing in a particular business.

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IFRS Advisory Services

IFRS Advisory Services

Almost every company must deal with statutory reporting requirements that follow International Financial Reporting Standards/IFRS.

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Internal Audit Services

Internal Audit Services

An effective, proactive internal audit process provides courage to leaders that their business can meet the demands of changing environments.

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Operational Audit Services

Operational Audit Services

Operational Audit is a systematic process of evaluating an organization's operational efficiency and effectiveness.

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Forensic Audit Services

Forensic Audit Services

Company accounts can hide a multitude of fraud. It needs an expert forensic audit to identify and present the same by a forensic audit firm like us.

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Fraud Investigation Audit

Fraud Investigation Audit

A white-collar crime, financial fraud is a type of financial crime involving corporations including fraudulent and illegal financial practices for personal gain.

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Accounting & Financial Reporting - FAQ
ACCOUNTING & FINANCIAL REPORTING – FAQ
People usually ask
What is Financial Reporting?
Ans: Financial reporting is the process of disclosing the financial results of an organisation. These reports are used by the shareholders and public for decision making. Financial reports include an income statement, balance sheet and statement of cash flows.
What is the difference between Financial Accounting and Financial Reporting?
Financial Accounting focuses on the recording of transactions and preparation of financial statements, while Financial Reporting is the communication of those statements to stakeholders.
What are the types of Financial Reporting?
Types include income statements, balance sheets, cash flow statements, and statements of changes in equity, along with management reports.
Is Financial Reporting part of Accounting?
Yes, Financial Reporting is a key component of accounting, as it communicates the outcomes of the accounting process to stakeholders.
What is the difference between the Balance Sheet and Profit and Loss A/c?
The Balance Sheet shows a company’s assets, liabilities and equity at a point in time, whereas the Profit and Loss account reflects the financial performance over a period.
What is the difference between Cash Flow Statement & Fund Flow Statement?
The Cash Flow Statement records inflows and outflows of cash only, while the Fund Flow Statement shows changes in the financial position between two balance sheet dates.

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Accounting & Financial Reporting - FAQ
ACCOUNTING & FINANCIAL REPORTING – FAQ
People usually ask
What is Financial Reporting?
Ans: Financial reporting is the process of disclosing the financial results of an organisation. These reports are used by the shareholders and public for decision making. Financial reports include an income statement, balance sheet and statement of cash flows.
What is the difference between Financial Accounting and Financial Reporting?
Financial Accounting focuses on the recording of transactions and preparation of financial statements, while Financial Reporting is the communication of those statements to stakeholders.
What are the types of Financial Reporting?
Types include income statements, balance sheets, cash flow statements, and statements of changes in equity, along with management reports.
Is Financial Reporting part of Accounting?
Yes, Financial Reporting is a key component of accounting, as it communicates the outcomes of the accounting process to stakeholders.
What is the difference between the Balance Sheet and Profit and Loss A/c?
The Balance Sheet shows a company’s assets, liabilities and equity at a point in time, whereas the Profit and Loss account reflects the financial performance over a period.
What is the difference between Cash Flow Statement & Fund Flow Statement?
The Cash Flow Statement records inflows and outflows of cash only, while the Fund Flow Statement shows changes in the financial position between two balance sheet dates.