All member countries from the GCC aim to implement VAT, effective from January 1, 2018 after having the GCC VAT framework signed earlier this year. The framework articulates regulations to be followed by the member countries under the VAT guidelines.
VAT Implementation requires involvement from the entire organization because of the impact it has across the entire organization.
We at AUDITORS OFFICE are ready to help your business in the UAE get ready with your VAT Plan.
A financial statement audit is an independent appraisal of the financial statements prepared by the organization. The cardinal objective of a financial statement audit is to provide an independent assurance that the management has, in its financial statements, presented a “true and fair” view of a company’s financial performance. The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business. Similarly, lenders typically require an audit of the financial statements of any entity to which they lend funds. Suppliers may also require audited financial statements before they will be willing to extend trade credit (though usually only when the amount of requested credit is substantial)
Due diligence is an investigation or examination of a business or person prior to signing a contract, or an act with a certain standard of care. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.
Internal auditing is an independent, objective assurance and consulting activity intended to add value and develop an organization’s operations. We have most efficient auditors in dubai, uae. It helps an organization achieve its objectives by bringing a methodical, meticulous and disciplined approach to assess and enhance the effectiveness of risk management, control, and governance processes. Internal auditors typically issue reports at the end of each audit that summarize their findings, recommendations, and any responses or action plans from management. The internal auditors provide assurance that as far as possible risks are significantly reduced and that the organization’s corporate governance is forceful and capable. In addition Internal auditors make recommendations for And, when there is room for improvement, internal auditors make recommendations for augmenting processes, policies, and procedures.”
Risk management is the identification and prioritization of risks followed by coordinated and economical application of resources to reduce, check and control the likelihood and impact of adverse events or to maximize the awareness of opportunities. Risk management’s objective is to guarantee that indecision and hesitation does not repel the effort or attempt from the business goals. Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat and even retaining some of the potential or actual consequences of a particular threat.
Investigative Auditing consists of the detection, tracing, quantification and prevention of fraud, money laundering and terror finance. Investigative Auditing involves the examination of accounts and the use of accounting procedures to discover financial irregularities and to follow the movement of funds and assets in organizations.
Supply Chain Management (SCM) is the management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Management of material and information flow in a supply chain to provide the highest degree of customer satisfaction at the lowest possible cost. Supply chain management requires the commitment of supply chain partners to work closely to coordinate order generation, order taking, and order fulfillment. They thereby create an extended enterprise spreading far beyond the producer’s location.
AUDITORS OFFICE Chartered Accountants offers a wide spectrum of accounting services that answers to the financial needs of any business in the global market. We ensure that the financial statements are complying with International Financial Reporting Standards (IFRSs) and are committed to keep the highest level of professional standards and quality.This segment is engaged in providing services like Financial accounting system design & implementation, Setting up of accounting procedures, Accounts updation on periodical basis, Supervision and review of financial accounting records, and Financial reporting.
We offer our expertise to provide optimal capital structure at least cost of capital to the organization. We facilitate to cater to the borrowing needs of the organization by leveraging our strong relationships with the banks and financial institutions through assessment of working capital needs, consultancy on bank credit & private equity, project financing consultancy, consultancy for fixed assets financing and refinancing, and planning for reducing Finance Costs
Ascertaining the value of a transaction and to advise whether take the call or not for the business deal is the focus of this service. We offer a complete range of business valuation, mergers and acquisition service.
Outsourcing, once a mere option, has today become a necessity. The growth of Information Technology, increasing competition, globalization, rise of mass customization, product proliferation, demanding customer needs and pressure to reduce costs has forced the organizations to refocus on their core competencies and outsource non-core activities. We assist the clients to outsource the accounting activities to third party.
The current business environment demands systematic accounting systems to maximize efficiency and enhance productivity. Establishing an appropriate accounting system provides management with financial information necessary to make informed decisions. The accounting system we recommend will be customized to fit each of our client’s business requirements, designed to accept organic expansion requirements and scalable for major expansions.
We provide the above consulting services and solutions to start-ups as well as established companies and organizations of all sizes. The market intelligence based consulting we provide is a unique support for our clients strategic planning and operative decisions. Our strategic financial management helps in financial management consultancy, operation management consultancy, internal & external financial re-construction, fund management, guidance on Working Capital Management, risk analysis of investments, revival of Sick Business Units, implementation of Cost Control and Constant Reduction Policies, and guidance for Price Fixation
This is the analysis and redesign of workflows within and between enterprises in order to optimize end-to-end processes and automate non-value-added tasks. Our process experts shall review and benchmark your business processes against best practices and recommend changes in the processes to eliminate non-value added tasks.
We at AUDITORS OFFICE Chartered Accountants Group associate ourselves with the operation well before a business takes shape. Our involvement begins with the business idea, study of the idea and prepares a project report that helps in determining the feasibility of the business idea and recommends changes that are major as well as small corrections to make it work in the business environment.
We are in knowledge based economy wherein having access to right information proactively is a key competitive advantage. ERP software helps to serve this purpose. In order to implement ERP successfully within a given time frame and cost the implementation team needs to have right knowledge of prior implementation, processes and best practices. Give us opportunity to be part of your team and use our expertise in implementing ERP successfully while your team members can continue to focus on their operations.