Auditors In UAE : 3 Factors for Considering
Deciding which auditor to hire can be a bit tedious as it involves your company’s financial stability. Ideally, the relationship between a company and the auditor should be long and beneficial for both parties. Since the stakes are considerably high in choosing the...
VAT Implementation in UAE : Top 3 FAQs
With only half a year left before the implementation of the 5% VAT in UAE (value added tax) roll out, a lot of questions about its regulation are still hanging in the air. We compiled the top three frequently asked questions and try to answer some of it. Will the cost...
Countdown to VAT: What is its Impact on Your Business?
Value Added Tax (VAT) – A tax on transaction; the concept is quite simple in theory, yet from a business perspective, the changes that the tax entails are often huge. It is a fact that the introduction of VAT system in the UAE will not just affect the end-consumers,...
A tailored approach to risk management processes and architecture
Risk management processes are a section of general business procedures. Procedures are utilized to oversee and screen the regularly changing risk situations. The risk management process architecture is the outline of procedures, including their segments of sources of...
Functional Process Outsourcing – The Way Forward
Organizations, globally, have focused on outsourcing their non-core activities so as to invest further time on their core activities. One of the key processes which has seen a growing trend in outsourcing is Human Resource function. Outsourcing is a method where...
What’s Audit Really Worth – Beyond a Legal Requirement?
As the aftermath of this rapacious age, where trust is at the rock bottom, investors are seeking for increased transparency and disclosure. In this context, quality audit derives a higher value, which is beyond just meeting legal and regulatory requirements. While...
Khalifa Port Free Trade Zone: Defining the Future of Trade
Khalifa Port Free Trade Zone (Khalifa Port FTZ), part of Khalifa Industrial Zone (KIZAD), was introduced by Abu Dhabi Ports in November 2016 in a bid to meet the growing demand for free zones in Abu Dhabi – with the UAE capital emerging as one of the foremost...