What is Financial Control Audit? Financial Control Audit’s prima facie activities are to audit and control, recording, accounting and reporting of day-to-day financial transactions of any organization. This process also…
Importance of due diligence and roles of an auditor
What is due diligence? Due diligence is a procedure that includes investigation, audit, review of a potential investment or product before signing an agreement or a proposed transaction with the…
How to be ready to handle VAT audit from FTA in UAE?
Tax systems have been diversified and modified across the globe over a period of time. In most of the modern tax systems VAT (Value Added Tax) is very popular and…
Steps for a successful auditing part-2
In continuation of our previous discussion on the tips or steps to follow for successful auditing. Here we are to add a few more points Timeline Auditing involves a lot…
Steps for successful auditing
The process of inspecting an organization’s or an individual’s financial record and determine if they are adhering to the set rules and regulations of accounting is called Audit. The financial…
Key stages of standard auditing process
Key stages of standard auditing process Auditing or audit accounting is a prime method for ensuring a company’s finances are being used efficiently and compliant to the rules laid by…
Accounting and AI – an inevitable collaboration
Accounting requires precision, patience with the complex tasks, no room for errors while maintaining clients’ accounts. The rules and regulations are vast to remember and follow. While coming to Artificial…
Maintaining Accounts and appointing Auditor for Limited Liability Company (LLC) is mandatory in UAE as per Law
If you are either running or part of a Limited Liability Company (LLC) in UAE, be aware of Article 26 and 27 of “Federal Law No 2 of 2015 on…
Best Practices for physical verification of Fixed assets and Inventory Management and Audit
Best Practices for physical verification of Fixed assets and Inventory Management and Audit (Manufacturing Industry may require additional practices based on the complexity involved) Before we proceed with the best…
Accounting services in Dubai Healthcare City
Accounting Services Spectrum Accounting services in Dubai Healthcare City covers the systematic accounting of all copany day to day transactions to ensure that the accounts are managed considering International Financial…
Best Audit firms in dubai
As per the topaccountingdegrees.org the 5 characteristics of best audit firms are as below and Spectrum auditing satisfy all the qualities. Our qualities are: Experienced Work force Ability to understand different…
Monthly Exchange Rate
Disclaimer The listed foreign currency rates against AED (Arab Emirates Dirham) are published by the Central Bank of UAE only for the calculation of the VAT obligation of UAE business…