AM Audit Expert Shares His Journey Through Risk Management
Today’s businesses, operating in a rapidly changing and complex global market, must prioritize risk mitigation as a cornerstone of their corporate governance. This article offers a deep dive into critical accounting risks, complete with practical examples and proven strategies that have helped businesses safeguard their financial health. Financial Reporting Errors Financial reporting errors represent one […]
Accounting Under DIFC’s Digital Assets Law No. 2 of 2024
The DIFC Digital Assets Law No. 2 of 2024 covers the regulation and recognition of digital assets within the Dubai International Financial Centre (DIFC). This legislation establishes a comprehensive legal framework for the ownership, transfer, and management of digital assets, encompassing digital representations of value that are tradable, transferable, or usable for payment or investment […]
Internal Audit: Ensuring the Sparkle of the UAE’s Gold and Diamonds Industry
The UAE’s gold and diamond industry is a dazzling hub of commerce, attracting global investors and enthusiasts. This vibrant industry is characterized by its intricate supply chains, high-value transactions, and evolving regulations. Amidst the brilliance of precious metals and gems lies the need for robust internal audit practices to ensure compliance, safeguard assets, and maintain […]
