Approved Auditors in Sharjah Publishing City (SPC)

Approved Auditors in Sharjah Publishing City (SPC)

Audit Services in Sharjah Publishing City (SPC)

Sharjah Publishing City (SPC) Free Zone provides a convenient option for
entrepreneurs to set up a business in the UAE. The free zone offers more than 1,500
business licence activities in different writing, information & printing services.

Why is Auditing in SPC required?
Requirements to hire an auditor in SPC
Types of Auditing Services offered by an Auditing Company in SPC
How can Mubarak Al Ketbi Chartered Accountants help you in SPC Auditing?

Why is Auditing in Sharjah Publishing City required?

Sharjah accounting is a need. Three important financial functions that accounting plays for a firm are as follows:

1.Keeping track of the business’s money. Accounting monitors the company’s annual profit/loss and determines whether debt repayment or corporate dissolution is necessary. A business can only approximate those values in the absence of accounting.
2.Maintains trade payables and receivables: Accounting is allowed to monitor each trade receivable and trade payable account for a business. A company may lose
track of who needs to be paid, who needs to be received, and when without accounting.
3.Helps to create accurate corporate documents: The data needed to produce documents that the government requests, such as VAT filing, company liquidation paperwork, and corporate tax law registration, can be created and issued by accounting.

It is very likely that mistakes can occur in your accounting. This can be fatal and might even damage/destroy the company as a whole. Auditing is the process of detecting & removing errors in the accounting process. This removes the problems caused by
incorrect accounting processes.

Types of Auditing Services offered by an Auditing Company in Sharjah Publishing City:

There are many types of auditing, including:

Financial Audit: Inspecting & examining a company’s financial statements for accuracy & regulatory compliance.
External Audit: We audit the company externally.
Internal Audit: We evaluate the company’s internal controls, processes & accounting efficiency.
Risk Management Audit: We analyse the effectiveness, risks of strategies & how to mitigate current potential risks.
Stock Audit: We calculate inventory valuation and compare it to the accounting values.
Liquidation Audit: We examine all assets & liabilities during a company’s dissolution process for proper liquidation.

And many more!

How can Mubarak Al Ketbi Chartered Accountants help you in Sharjah Publishing City Auditing?

The process of auditing can be challenging, time-consuming, and requires external assistance. For this reason, you ought to work with a competent auditor rather than a cheap one. Mubarak Al Ketbi Chartered Accountants is one of Sharjah’s top auditing firms. In addition to other services, we offer accounting, auditing, business liquidation, corporate tax, and more. We have more than 2000 satisfied clients and 20 years of expertise. Contact us today, and we guarantee you an excellent experience.

What is a benchmarking study in UAE?
It compares related party transaction prices with independent market rates.
Who must conduct a benchmarking study?
Any UAE company with related party transactions that meet FTA thresholds.
What are common benchmarking methods?
CUP, Cost Plus, Resale Price, TNMM, and Profit Split.
How often should a benchmarking study be updated?
At least once per year or after major changes.
Why is benchmarking important for audits?
It provides proof of compliance and prevents disputes.

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