Relationship between Auditor-Client & Audit Quality

An auditor has to display extra miles of tact and wisdom when dealing with a client. The attitude, approach and psychology of each client differ as it can be likened to the five fingers of our palm.  At the outset, the auditor has to give a feeling and confidence to the client that his advice […]

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Risk Audit

We always hear the word “Risk” in the audit atmosphere these days. Risk has become so important in audit parlance that we have specialized in “risk audit” training now. There are also auditors who have obtained special training on risk audit. Risk audit is defined as the uncertainty of an event occurring that could have an impact on […]

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Procedure of Auditing

Auditing refers to a systematic and independent examination of accounts, books, documents and vouchers of an organization to clarify whether financial statements presents true or falls.  Auditing Procedures attempts to verify that the books of accounts are properly maintained as per the Law.  It is the process of reviewing and investigating any aspect of business, even financial […]

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Auditing companies in UAE

An auditing company is the firm which reviews activities to identify inefficiencies, cost reduction or else achieve organizational goals. Auditing companies may spy possible theft or fraud and ensure conformity with applicable regulations and policies. ARC Associates is a group of auditors and accountants, established in Dubai, providing comprehensive services in audit, finance, accounting and consultancy. ARC was born from the core […]

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VAT Return Filling Deadline approaching soon

All the VAT registrants, whose tax period is ending on 31st May, 2018, will have to submit their returns by 28th June, the deadline set by the Federal Tax Authority. According to the reports, the FTA has already started receiving tax returns through the e-Services portal of the official website. It urged all registered businesses […]

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How You Can Use Tax Agencies?

The Federal Tax Authority (FTA) has decided to introduce new features to the e-Services portal that will let the Taxable Persons to link their accounts with accredited Tax Agencies, where the Agency will carry out all the transactions within the account on behalf of the Taxable Person. Transactions may include the registration procedures, tax return […]

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How VAT and Designated Zones are related ?

  Designated Zones are areas where VAT is not applicable. These zones are recognized as excluded from the state of UAE for the purposes of VAT. Conditions for designated zone It must be a specific fenced geographical area. Entry and exit of movement of goods and individuals to and from must be under security measures […]

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