VAT for Property Management Entities in Dubai
Introduction Dubai always grows fast with real estate investment and new business. Many people buy and sell properties every day. Property owners feel relaxed when property management entities handle their real estate work. These management companies help keep things organized. They take care of everything from rent collection to building maintenance. The government in Dubai […]
UAE VAT Change in Permitted Use of Building
Introduction Every business in the UAE deals with payments for many types of services and goods. Sometimes, you may pay for something on behalf of someone else or get paid back for your own expenses. These payments are called disbursements and reimbursements. You must know the right VAT treatment for each kind of transaction. If […]
VAT on Donations, Grants & Sponsorships UAE Rules
Introduction Every company and organization often gives donations, grants, and sponsorships as a part of social responsibility. These payments help many causes and support community projects. But firms in the UAE must know the VAT rules that apply to such transactions. You must classify every transfer of funds correctly. If you want to stay compliant, […]
Forensic Audit Advantages in UAE | Procedures & Benefits
What Is Meant By a Forensic Audit? A forensic audit checks the financial records and statements of a company. Auditors do this to find any fraud or wrongdoing in the business. Courts or authorities may use the audit report as proof in a legal case. The main goal is to show the truth and punish […]
Duties of Auditor Under UAE AML Law Dubai
Introduction The UAE government wants to stop money laundering and financial terrorism. For this reason, it has made strong rules for businesses. Every auditor in the UAE must follow these rules under Anti Money Laundering Law (AML). Auditors play a very important role in fighting financial crime. Mubarak Al Ketbi (MAK) Auditing always helps clients […]
Statutory Audit & Procedures in Dubai UAE
What Is Meant By Statutory Audit? A statutory audit means an independent check of a company’s financial statements and records. The government or other authorities require firms to have this audit. The main goal is to make sure the public gets true and fair financial information. The statutory audit shows if the company follows the […]
Ways to Ensure Smooth Annual Audit in Dubai
Introduction Every business must face an annual audit. An audit may seem tough, but it’s a key part of running a company. The firm must do an audit to prove that it follows all laws and rules. The process checks every record and statement in the company. A good audit means the business is healthy […]
Top 5 AML Compliance Mistakes in UAE
Introduction Every company in the UAE must build a strong AML compliance framework. The UAE government wants every business to follow anti-money laundering (AML) and combatting of financial terrorism (CFT) laws. Financial firms and Designated Non-Financial Businesses and Professions (DNFBPs) must take steps to prevent money laundering and fraud. The authorities in the UAE have […]
Forensic and Financial Audit Differences Dubai
Introduction Every business wants to know where it stands in the market. Owners check their positions to see if their company is heading in the right direction. They gain a clear understanding through audits. Audits can help firms get deep knowledge about their operations. Before starting an audit, companies should understand their needs. They must […]
Improve Accounting Strategy in Downturn Dubai
Introduction Every company faces challenges during tough times. Many firms in Dubai look at their books to find ways to cut costs and boost profits. When the economy slows down, businesses must review their accounting strategy. Companies may need to go beyond the break-even point to survive. The Covid-19 crisis hit small businesses hard. Many […]
