How Auditors in UAE Monitor Financial Growth of a Company
Introduction: Auditors and Company Growth Auditors play an important role in companies across the UAE. Auditors check if a company follows all rules and keeps its financial records accurate. Auditors make sure the company’s actions match UAE regulations. Mubarak Al Ketbi (MAK) Auditing helps businesses in Dubai and all over the UAE to keep track […]
UBO Reporting Updates and Compliance for UAE Companies
Introduction to UBO Reporting in UAE Companies in the UAE must follow rules for reporting their Ultimate Beneficial Owner (UBO) details. UAE made these requirements effective in 2020. Companies in mainland and free zones now must update UBO records in the official registers. This helps authorities know who owns and controls each business. Mubarak Al […]
How Online Accounting Saves Time For Businesses
Understanding Online Accounting Online accounting helps companies save time in their daily work. Companies use the internet and cloud software for accounting. Accountants log in from anywhere to check records. Mubarak Al Ketbi (MAK) Auditing helps firms in Dubai move to cloud accounting. Many companies now avoid manual work and get more things done. Why […]
How To Find The Right Tax Advisor For Your Business In Dubai
Who Is a Tax Advisor? A tax advisor is a trained professional who knows tax laws in the UAE. He helps companies file tax returns on time. A good tax advisor protects a business from late penalties. He makes sure clients follow all tax laws. He keeps up with changes in regulations. How Do You […]
Top Accounting Challenges Faced by Corporates
Introduction to Corporate Accounting Challenges Companies in the corporate world face many accounting challenges today. Fast changes in technology make things easy sometimes, but they also bring many problems. Companies want simple solutions with low costs. Even with new accounting systems, many problems still exist. Mubarak Al Ketbi (MAK) Auditing helps businesses solve these problems […]
UAE goAML Platform Explained
Introduction to UAE goAML Platform The UAE government takes action against money laundering and terrorist funding. The introduction of the goAML platform plays a big role in this mission. Authorities in the UAE launched the platform after a national risk assessment. In 2018, new laws about Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) […]
IFRS 9 Assessment during the Pandemic Period
Introduction to IFRS 9 and Its Importance IFRS 9 is a standard that controls how companies report financial assets and liabilities. Many companies find IFRS 9 complex. The standard asks companies to check their credit losses in detail. During the pandemic, companies face extra problems with these rules. COVID-19 has changed the way companies work. […]
Internal Controls Over Financial Reporting in UAE
What Are Internal Controls Over Financial Reporting? Internal Controls Over Financial Reporting (ICFR) help companies control their financial reporting process. Companies use ICFR to check all steps in financial reporting. ICFR stops errors and fraud in financial reports. Companies protect stakeholders with strong ICFR. Mubarak Al Ketbi (MAK) Auditing always supports good practices for ICFR. […]
Zero-Rating on Export Services in UAE
Understanding Zero-Rating on Export Services Zero-rating on export services means businesses charge a zero VAT rate on services they export outside the UAE. If a business exports services, it does not pay output tax. A registered business can reclaim the input tax it paid on these services. Zero-rated goods and services are VAT taxable, but […]
Accounting for Cryptographic Assets in UAE
Introduction People in the UAE show interest in cryptographic assets. Cryptocurrencies like Bitcoin grow in popularity every year. Many businesses now accept digital currencies. UAE opens new exchange platforms for trading. Mubarak Al Ketbi (MAK) Auditing helps companies handle cryptographic asset accounting. What Are Cryptographic Assets? Cryptographic assets are digital tokens. These assets work on […]
