Accounting Errors Construction UAE MAK Auditing
Introduction to Accounting in Construction Firms Accounting errors construction companies make in UAE can damage profits, delay projects, and create disputes. Construction is a growing sector, where performance is measured by efficiency and completion timelines. In many cases, accounting is ignored until mistakes surface. With expert help from Mubarak Al Ketbi (MAK) Auditing, firms can […]
Audit Report UAE MAK Auditing
Introduction to Audit Report Audit report in UAE is a critical tool for financial transparency. It’s the final product of an audit process and gives the auditor’s opinion about a company’s financial statements. The report certifies that financial records are true and fair. The auditor communicates with shareholders by issuing this report. By doing so, […]
Changing Role of CFOs UAE 🥇 | MAK Auditing
Introduction to CFO Role in UAE The changing role of Chief Financial Officers in UAE is transforming businesses. Today, CFOs are more than just finance heads—they’re strategy leaders. With a holistic view of the organization, modern CFOs help create value, manage risks, and drive long-term success. Traditionally, CFOs only focused on compliance and reporting. Now, […]
Auditing Resolves Partnership Concerns in UAE
Introduction to Auditing in Partnerships Auditing resolves partnership concerns in UAE by providing transparency and trust among partners. Disputes between partners are common, and many firms face financial risks due to disagreements. To prevent these issues, audits are included in most partnership deeds today. A proper audit gives each partner a clear picture of accounts, […]
Vendor Due Diligence UAE 🥇 | MAK Auditing
Introduction to Vendor Due Diligence in UAE Vendor due diligence in UAE is an important process that helps buyers and investors make informed decisions. It’s similar to customer due diligence, but in this case, the seller prepares a detailed report to give transparency to the buyer. This process ensures that financial health, compliance records, and […]
Profit Margin Scheme VAT UAE 🥇 | MAK Auditing
🥇 Profit Margin Scheme under VAT in UAE Explained Introduction to Profit Margin Scheme Profit margin scheme under VAT in UAE is a special way to calculate tax. Instead of charging VAT on the full sales price, VAT is applied only on the profit earned. This method prevents double taxation on second-hand goods, antiques, collectibles, […]
Financial Statements UAE 🥇 | MAK Auditing
Introduction to Financial Statements in UAE Financial statements in UAE are the backbone of every business. These reports show the company’s true financial health and performance. They help managers, investors, creditors, and analysts understand past performance, current position, and expected future growth. When prepared correctly, statements provide accurate benchmarks, guide strategy, and ensure compliance with […]
Accounting Software for SMEs in UAE: Added Value Explained
Introduction to Accounting Software for SMEs Accounting software for SMEs in UAE has become a game-changer for modern businesses. It helps manage financial data, track income, and prepare reports that improve decision-making. With automation, SMEs save both time and cost, while ensuring accuracy in every transaction. In today’s competitive market, entrepreneurs in UAE realize that […]
Books of Accounts in UAE: How Businesses Should Maintain Records
Introduction to Books of Accounts in UAE Books of accounts in UAE are not only legal requirements but also vital for business growth. Businesses must keep accurate financial records for a minimum of 5 years in compliance with Federal Law No. 2 of 2015 and the UAE VAT Law. The records include invoices, ledgers, purchase […]
Bookkeeping for Freelancers in Dubai
Bookkeeping for Freelancers in Dubai – Why It Matters Bookkeeping for freelancers in Dubai gives independent workers a strong financial base. Freelancers face challenges with invoices, taxes, and compliance. Without proper bookkeeping, they lose time and money. They also risk penalties from the FTA. Mubarak Al Ketbi (MAK) Auditing provides bookkeeping services for freelancers in […]
