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 […]
UAE Corporate Tax & Compliance Guide: 2024 Updates You Need to Know
The UAE has introduced several significant changes to its corporate tax and compliance landscape. These changes are crucial for companies offering accounting, auditing, tax, regulatory compliance, AML, and business and finance advisory services. Below, we outline the most critical updates and their implications for businesses operating in the UAE. Corporate Tax Regime The UAE’s new […]
Case Study: Internal Audit Uncovers Major Discrepancies in Inventory and Transactions
Company: An importer and distributor of consumer electronics, found itself confronting substantial financial irregularities. Internal Audit – Initial Discovery of Discrepancies During a routine quarterly internal audit in March 2023, the company’s internal audit team unearthed a series of alarming discrepancies within its financial records. These included: Internal Investigation and Limitations The internal audit team initiated […]
