Importance of Selecting a Jurisdiction while starting a business in UAE | Effects of Corporate Tax
https://youtu.be/XVYXkvdELl8 Becoming a great entrepreneur has no limits. When starting a business in UAE, You don’t require a college degree, prior business experience, or a bunch of money in the bank. UAE has always given opportunities to entrepreneurs to set up their businesses here & that too with unlimited benefits.
EMARATAX – The new tax Platform by the UAE Federal Tax Authority
EmaraTax, an integrated tax platform, is soon planned to be launched by the UAE Federal Tax Authority. It will enhance the experience of the taxpayers to access the services offered by the tax authority and enables earlier engagement with them when in need of support. EmaraTax will provide a series of
How Easy is it to close a Business in Mainland, UAE
Whether you want to close down your Company to reopen a new one in the Mainland, or for some unfortunate event, you want to close your business functioning in the Mainland completely, you may question How easy it is to close a Business in Mainland, UAE? Well, closing a Business
Why Is It Important to Have CA While Setting Up a Business?
The role of a Chartered Accountant is not just limited to finances, taxes, laws& agreements, or the regulatory standards of a Company. It is more than that. They help you in many levels of business formation, and it is essential to have a CA while Setting up a Business. Their
Can I do my accounting and Bookkeeping for my business in Dubai? Risks to be faced
Accounting is the core of a business, whether big or just a start-up. It is crucial to run a business as it tracks incomes & expenses and ensures statutory compliance. It provides vital financial information to investors, management, and the government. The financial info used in making essential business decisions
Regulatory, Statutory, and Performance Audits in UAE
In Dubai, auditors are professionals who are responsible for conducting independent audits of financial statements and records to ensure that they are accurate, complete and comply with applicable accounting standards and laws. Auditors in Dubai are governed by the Federal Law No. 2 of 2015, which defines the legal framework for the profession of auditing in the UAE.
There are different types of auditors in Dubai, including external auditors, internal auditors, and government auditors. External auditors are typically hired by a company to conduct an independent audit of its financial statements, while internal auditors are employees of the company and are responsible for monitoring and evaluating the effectiveness of internal controls and risk management systems. Government auditors, on the other hand, are typically employed by government agencies and are responsible for auditing government organizations and public entities.
To become an auditor in Dubai, an individual must meet certain qualifications and requirements. These include having a recognized professional qualification in accounting or auditing, passing the relevant professional exams, and having a certain number of years of experience in the field. Additionally, all auditors in Dubai must be registered with the Emirates Institute of Auditors (EIA) and must adhere to the Institute’s Code of Ethics and Professional Conduct.
Auditing firms in Dubai are also subject to regulations and oversight by the Dubai Financial Services Authority (DFSA) and Emirates Securities and Commodities Authority (ESCA) to ensure that they are in compliance with the laws and regulations.
In conclusion, Auditors in Dubai play an important role in the financial system by providing assurance to stakeholders on the accuracy and reliability of financial statements and records, which helps in maintaining the integrity of the financial reporting and ensuring compliance with laws and regulations.
