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Converging Organization’s Governance,Risk & Compliances

Converging Organization’s Governance,Risk & Compliances

kreston

The common problem which organizations are facing globally, while implementing robust GRC standards, is of Risk Silos. Risk Silos arises when each of the oversight function (individually) gathers information from business divisions to identify potential risks. This...
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Operational Risk Management in a Low Oil Price Scenario

Operational Risk Management in a Low Oil Price Scenario

kreston

Operational Risk is the potential of loss arising due to failures in systems, people and / or operational processes which can result in an impact on People, Assets / Production, Environment or Reputation. Operation Risk Management (ORM) is the means and processes...
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Change Management – The Secret Weapon for a Volatile Business Landscape

Change Management – The Secret Weapon for a Volatile Business Landscape

kreston

Artificial Intelligence and end-to-end automation seem to be the buzz word in business and technology circles these days. These are technologies that are bringing about radical changes to the way businesses are run on a day to day basis.The operational efficiency and...
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Standards of Innovation in Auditing

Standards of Innovation in Auditing

kreston

The world of Auditors is becoming dramatically a competitive cutthroat that lead certification authorities of auditing to differentiate themselves by bringing out few added values. But, today most of the auditors in UAE keep their focal point on compliance rather than...
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VAT: Let’s Show the Way to Get Prepared..!

VAT: Let’s Show the Way to Get Prepared..!

kreston

The prospects of a federal corporate tax and value added tax (‘VAT’) regime is gaining momentum in UAE. The launch of the new VAT system will not only just affect consumers, but also will have a wider impact on businesses. While it’s still early for companies to make...
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Administrative and Procedural Aspects of VAT

Administrative and Procedural Aspects of VAT

kreston

In the last couple of artilcle, I had covered about VAT rollout, the structure of VAT, VAT thresholds, likely impact of VAT on intra-GCC trade, exports to non-GCC countries and on inflation. In this and subsequent issues,I plan to write about the administrative...
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