We offer Auditing and Bookkeeping Services in Dubai
Audit Services in Dubai, UAE
Accounting is a fundamental part of running a business. It is responsible for recording financial transactions, including payroll, invoices, taxes, and more. International Financial Reporting Standards (IFRS) require the skills and expertise of a qualified accountant. We are one of the most renowned accounting firms in Dubai, UAE.
Preparing accurate financial statements is critical for analyzing the performance of a business and planning for the future. Companies need financial notices that comply with generally accepted accounting principles (GAAP). Accounting companies in Dubai UAE ensure that the financial statements produced are accurate and fair and follow the requirements of GAAP.
VAT Services in Dubai, UAE
Whether a small business or a large enterprise, you need reliable Accounting and Bookkeeping Services in Dubai, UAE. Our team of certified accountants provides comprehensive accounting solutions to streamline financial processes. UAE business laws, such as the commercial company law 2015, require businesses to maintain five years of financial records and compliance with tax laws. This is why hiring an expert is a wise decision for any business.
Accounting and bookkeeping is the process of recording, categorizing, abridging, and interpreting financial information for a business. Proper accounting helps to disclose a firm’s income, assets, liabilities, and ownership stake. Accounting and bookkeeping services in Dubai encompass everything from recording transactions to conducting internal audits and giving taxation advice. The main goal of an accounting and bookkeeping company in Dubai is to provide the management with accurate information regarding a company’s assets, methods, and outcomes.
Regulatory compliance is growing in the UAE, and no business owner wants to be fined for breaking the law. In addition to calculating taxes, bookkeeping documents all business transactions, including income and expenses. Bookkeeping is essential for reducing business risks, boosting decision-making, and assisting with the company’s development.
The importance of accounting cannot be underemphasized. With proper accounting, a business can stay profitable for many years. And by outsourcing the task to a professional, business owners can enjoy lower costs and access to experienced professionals. A wide range of accounting services in Dubai is available through Farhat Office & Co.
Internal Audit Services
Internal auditing services are crucial in safeguarding the organization’s assets. They can help organizations develop and maintain internal controls that prevent internal fraud. These services can help ensure compliance with legislation, regulations, and industry best practices. They also perform risk assessments to identify potential problems and appropriate corrective action.
We identify areas for improvement, improve productivity, and manage risk. The goal is to maximize value and enhance productivity and efficiency within organizations. Our professionals will collaborate with management to evaluate business progress and compliance with business standards.
Internal auditing involves analyzing an organization’s internal operations and management and reporting the results to the company’s senior management. It also helps a company maintain a reliable financial reporting process. It helps an organization improve its governance, risk management, and control systems.
We are a cost-effective option for companies that need to perform regular audits. We will provide expert auditors to complete the project for you, saving time and money. We identify hidden risks and recommend corrective action.