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How Auditing Firms in Dubai Help You With Your Auditing Activities?

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All type of business needs auditing after maintaining the books of account. to know about the financial position, cash flow, and Profit & Loss statement of the company required the best auditing service in Dubai.

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Meticulous bookkeeping, auditing, and accounting process are the mainstay in every business. As the businesses aim to grow beyond borders, the firms must set up a global accounting standard. Significant growth could be attained if the business pursues a well-formulated auditing and bookkeeping process. In this blog post, we are discussing “How auditing firms in Dubai help you with your auditing and bookkeeping activities?”.

Auditing Services in Dubai, UAE

Accounting and auditing firms can help businesses in several ways. The financial transactions can be monitored and examined for correctness in data maintained periodically. Auditing is essential for ensuring that the firm is maintaining the financial records correctly and there are no mismatches, including mathematical errors.

Periodical inspection of financial statistics will prevent any kind of fraud. Help the business firm in filing the correct tax data, and aid in planning. Support from external auditors could be sought to confirm that there are no errors in the financial records. Auditing agencies in Dubai with expertise in the field can help you in this regard.

Understanding the essentiality of external audits, successful business organizations have been outsourcing the auditing task to accounting and auditing firms in Dubai. Consequently, the number of auditing services in Dubai has witnessed a steep climb in the recent past. Internal auditing will be beneficial in precluding irregularities in your account statements and records.

The Federal Tax Agency may seek financial documents, registers, and transaction records as part of audits. Any discrepancy observed concerning the financial statement can land you in trouble, as well as, embarrassment and loss of credibility. Therefore, it is advisable to assign auditing tasks to reputed and experienced auditing services in Dubai. Following are the benefits of internal auditing.

· Pivotal in Growth of the Business Firm – Internal audit is of paramount importance and it can be instrumental in attaining success in the field. Leveraging from the insights and inputs provided by the experienced professional auditors, the business could grow abundantly. The professional agencies will be current with the rapidly changing business scenario around the world. The suggestions and advice could be utilized for formulating business strategies that can elevate your business.

· Reducing Risks – The extensive analysis by auditors will be advantageous for eliminating mistakes and risks. Preparing your steps based on inputs from the professional auditors will aid you in eradicating the possibility of any risk. You can concentrate on your business without having the necessity to monitor the accounting and auditing aspects, with the support of auditing and accounting firms in Dubai. Thus preventing any kind of errors during your journey forward.

· Laws of the Land in the UAE – The federal laws of the land are strict auditing, filing of tax, etc. You have to comply with the stringent financial regulations, business policies, and the laid down rules. Failing in which, the authority can slap you with fines or other disciplinary measures. Prevent such a situation by conducting internal and external audits dutifully.

Top 7 Account Auditing Companies in Dubai

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Looking for professional account auditing firms in Dubai? Here we have mentioned some of the top firms in UAE.

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Accounts and auditing companies help companies to take care of all their financial and business issues, such as company formation, maintaining books of accounts, conducting an audit, developing strategies, improving the performance of the company. They ensure that everything is as per the accounting and tax regulations.

Dubai has many world-class professional accounting and auditing firms that cater to various clients all over the region. Selecting an auditing company is crucial as it directly impacts the performance of the company.

Top Accounting Auditing Companies in Dubai
The following are the best accounting firms which will help you in choosing one:-

1- Abacus Accounting and Auditing

It is one of the top-notch accounting firms in the UAE and has received the ISO 9001:2015 certification. The firm offers exceptional advice to its clients on all business matters and helps them to achieve their goals by making sound financial decisions and in cutting costs. The skilled team of Abacus provides various services such as external and internal audit, preparing and filing VAT returns, making financial reports, etc. It also empowers its clients by training them about the latest VAT rules and procedures.

2- ACS Majdi Auditing of Accounts

ACS Majdi Auditing of Accounts is a prestigious firm, offering accounting services to many companies in the UAE. They work with varied organizations to see whether their financial transactions are accurate and comply with the laws. The firm’s experienced team offers its services round the clock to provide advice regarding all financial and business matters. They help their clients to concentrate on running their business while taking care of all their accounting issues. ACS operates from its two offices, one in Dubai, and the other in Abu Dhabi.

3- Affiniax AAS Auditors

Affiniax AAS Auditors is an innovative firm offering professional accounting advice to many of its clients in both UAE and other international companies. By applying the latest methods, the firm tries to help each of its clients to reach their objectives of profit and growth. Affiniax takes into consideration the goals of its customers and guides them to achieve them. Their team has got many years of international experience and is always eager to embrace modern technology. It offers personalized service to its clients and can adapt as per the changes in the market.

4- Al Ansari Accounts & Auditing

Al Ansari Accounts & Auditing, based in Abu Dhabi, is a very experienced firm that provides professional accounting services to its clients in the UAE. Since 2000, the company has helped many of its clients attain their goals by providing them reliable, professional accounting service. The firm undertakes internal and external audit for all firms and ensures compliance with the International Standards on Auditing. Al Ansari also provides support in company formation and other issues related to business. Its team of highly-qualified professionals helps its clients in matters like obtaining loans from banks and other issues like mergers or acquisition.

5- Apex Auditing

Established in 2013, Apex Auditing provides high-value financial and management advice to its clients. The team of Apex is young and very skilled and is dedicated to providing valuable services that surpass the expectations of their clients. The firm offers all kinds of accounting services required by businesses such as an internal or statutory audit. It also provides additional services like preparing MIS reports, devising strategies for growth, etc. It helps the clients to develop accounting systems and achieve proper internal control. Their efficient team also helps in company formation, and effectively uses its experience of dealings with government departments and knowledge of free zones in the region.

6- Coast Accounting & Auditing

This is a leading firm registered in Dubai and Sharjah, which provides auditing and other corporate services to various clients in the region. The firm helps its clients in setting up their businesses and provides them with all the services needed to run their firms efficiently and achieve growth. They advise on obtaining different types of funding, and also about preparing for VAT. The firm is one of the trusted company in the UAE on account of its sound financial and legal expertise

7- CBD Accounting & Tax Consultant

CBD Accounting & Tax Consultant is a well-known firm of chartered accountants having received ISO 9001-2008 certification. The firm’s team consists of professionals from many International Associations of Chartered Accountants such as Chartered Institute of Chartered Accountants (ACCA). They have more than a decade’s experience and keep themselves abreast of all the current developments regarding VAT, and all business matters. The staff keeps in touch with other experienced audit firms to benefit from their experience, and learn from them.

This list of carefully selected accounts and auditing firms will enable you to choose the right one for your business, and take care of all your financial matters. DCCIInfo is one of the best commercial online directories which is available for all. The index provides all the details of the best companies operating in Dubai, which can directly impact the growth of other companies or direct customers.

What Is Functional Medicine

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What is functional medicine? Functional medicine combines traditional medicine with alternative forms of medicine to treat and prevent illnesses.

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Copyright (c) 2014 LifeWorks Integrative health

Functional medicine is the future of what we refer to today as conventional medicine. The main goal of functional medicine is to identify and address the root causes of diseases. This type of medicinemedicine views the body as one integrated system; opposed to a collection of independent organs divided up by medical specialities. Functional medicine aims to treat the entire body, not just specific symptoms of a disease or illness.

It addresses the underlying causes of medical conditions and diseases. Using a systems-oriented approach, functional medicine engages the practitioner and patient in a therapeutic partnership. Functional medicine is an evolution in medical practices and better address the needs of patients more than another other approach to medicine in the 21st century. How is functional medicine so innovative? By switching the traditional disease-centered focus of medicine to a patient-centered approach, functional medicine is able to address the entire person. This form of medicine does not just isolate the symptoms and make a diagnosis. Upon visiting with a practitioner of functional medicine, you will notice that a functional medicine practitioner will spend time with patients, they will listen to their histories and look at the interactions amongst genetic, lifestyle and environmental factors that may be impacting their current health and will likely impact the future health of a patient. It supports lifelong health and vitality that is geared towards each individual patient.

How Can It Work for You?

There has been a large increase in the number of individuals suffering from complex medical conditions. These complex medical conditions can include diabetes, cancer, cardiovascular disease, mental illness and autoimmune disorders — such as rheumatoid arthritis.

It can help to identify the root cause of these illnesses.The type of medicine practiced by a vast majority of physicians is geared towards acute care, trauma and illnesses that are short-term problems and urgent medicine — such as treatment for a broken leg or an appendicitis. Physicians use specific, prescribed treatments (such as medications or surgery). These treatments are standard for all patients and aim to treat the immediate problem or symptom.The acute-care approach to medicine, that we are all very used to, lacks the tools and methodology to help prevent as well as treatment complex and chronic diseases. In most cases, acute-care does not take into account the unique genetic makeup of an individual or factors such as environmental toxins. Our lifestyle have a huge impact on our health.

There is a large gap between research and the way doctors practice medicine. This gap between emerging research in basic science and integration into standard medical treatment is very large; especially in areas of complex and chronic disease. Some practices that were being used 50 years ago are still put to use today. Most physicians are not adequately trained to access and determine the underlying causes of complex and chronic illnesses. Not all physicians are trained to apply strategies in diet, nutrition, exercise and lifestyle changes to help treat illness in their patients as well as prevent future illnesses.

What Makes This Different from Conventional Medicine?

Functional medicine does more than just treat the symptoms of an illness. Functional medicine involves understanding the origins, prevention and treatment of complex and chronic illnesses.Patient-centered care plays a huge role in functional medicine.

The focus of functional medicine is patient-centered care and promoting health as positive vitality. Functional medicine goes beyond just the treatment of disease. By listening to their patients, functional medicine practitioners learn the story of their patients. This allows functional medicine practitioners to address the issues that are specific to each individual patient. Remember, each individual patient has very unique needs when it comes to treating and preventing chronic and complex illnesses.

With this type of medicine, you can expect an integrative, science-based approach to healthcare. Functional medicine practitioners examine a patient’s history, physiology and lifestyle choices that can lead to illness. The unique genetic makeup of each patient is considered as well as internal (body, mind and spirit) and external (environmental and physical) factors that affect the entire function of a patient’s body.

Functional medicine integrates the best medical practices. Functional medicine integrates conventional medical practices with what may be considered alternative or integrative medical practices. This creates a focus on prevention through exercise, nutrition and diet as well as the use of the latest diagnostic and laboratory techniques. Functional medicine may also use prescription medications, supplements, botanical medicines, therapeutic diets, stress-management programs and detoxification programs.

Discover Exciting Opportunities in Accounting and Auditing

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The accountant of today is breaking the bounds of the traditional coat and tie persona of the profession. With new niches in the accounting and auditing fields, this industry is on the verge of incredible growth. If you have an analytical mind and a penchant for crunching numbers, accounting and auditing may be your bag.

Why Accounting is “In”

Forget what you ever knew about the accounting and auditing professions. Push past the stereotypes of the traditional view of a geeky human calculator. The accountant and auditor of today is a unique mix of statistical savvy and business acumen that is required in this constantly evolving profession. Businesses and organizations of all types need sharp accounting and auditing professionals to keep track of their expenses, keep them federally compliant, and keep them from going under. This is definitely a position of high responsibility.

How to Become an Accountant

While there are a variety of ways you can become an accountant or auditor, the opportunities offered at accredited online colleges are the most beneficial. The distance learning environment holds a variety of unique benefits over the traditional campus program that you’re sure to love. Featuring a fast track to graduation, reduced tuition fees, and classes that you can complete at your convenience, accredited online colleges will get you into the accounting or auditing position of your dreams.

Increasing Demand for Qualified Accountants and Auditors

There are an increasing number of job opportunities for qualified accountants and auditors. As business processes and government regulations become increasingly complex, the demand for accounting and auditing professionals with specialized knowledge has never been higher. Check out the niche fields in the industry, such as forensic accounting. You can parlay your particular skills and interests into a specialized accounting field with some focused study and experience. Accredited online colleges often provide you with information on the job opportunities in your area.

Online Certification Opportunities for Accountants and Auditors

If you’ve ever considered becoming an auditor or accountant but the thought of four or five years in school seems daunting, the online solution may just get you there. You can earn an online certificate in accounting in half the time and expense of the traditional campus program with all of the same benefits.

The Online Advantage for Auditors and Accountants

Earning an online certification for auditors and accountants provides a variety of valuable benefits over the traditional campus program that you will appreciate.

First, with convenient class scheduling, you won’t have to sacrifice your personal or professional commitments to advance your accounting or auditing education.
Another important benefit of the distance learning environment is that it will take you less time to earn your certification, and often at a lower price, as well.
Finally, you’ll have access to a network of cohorts and classmates that will help you to succeed.
Types of Online Certificates in Accounting

Online certificates in accounting range from entry level associate’s degrees to master level certificates that represent up to five years of formal training. As with any industry, higher pay and responsibility comes with the advanced degrees. Online certification for auditors and accountants include virtual classroom instruction followed by national or state certification tests that are mandatory for these positions. You can obtain all of the information that you require in order to gain certification through an accredited college or university.

Preparation for Your Certification Exams

Successfully passing your certification exams is the surest way to career advancement in this field. The best preparation modes for your examinations include a mixture of textbook materials, online class sessions, and group study sessions. There are a host of written materials that provide sample test questions that mimic certification exams. These sample questions will allow you to pinpoint your areas of weakness and shore them up before testing day.

Find the Right Online Education Program For You

Whether you’re deciding between an associates, bachelor’s or master’s degree in accounting, you can find a myriad of accredited online colleges that offer top degree programs in accounting. Why not get started now exploring your options?

Nancy Lambert is an executive for Accredited-Online-Colleges.com Accredited-Online-Colleges.com provid

Benefits of Enforcing Accountability and Audits in Nonprofit Organizations

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Many prospective donors are very skeptical about making donations, fearing that their money will not be used properly. A nonprofit or church audit is a process that provides reasonable assurance that good stewardship is being used in handling and accounting for donor’s money and other assets of the nonprofit organization.

The audit can be performed by external Accounting firms (or by an outside Certified Public Accountant). It can also be done internally-in which case the books are reviewed by selected non-related officers, or by prominent people in the nonprofit organization who understand financial and business management. These internal individuals should not be related in any way to the Financial Officers, thus avoiding a conflict of interest.

You may be pondering the idea of having an audit done in your nonprofit organization. You may be thinking of the cost, or the time involved. Listed below are some of the many benefits why you should have an audit done-the list is not exhaustive:

(1) A Charitable organization must comply with all applicable federal laws and regulations, applicable laws and regulations of the states and the local jurisdictions in which it is based or operates. An audit should ensure there is compliance.

(2) An organization conducting charitable programs outside the United States must also abide by applicable international laws, regulations and conventions that are legally binding on the United States.

(3) It will help to protect the officers of the corporation who are in charge of financial responsibility, from unnecessary charges of carelessness or misappropriation in handling funds.

(4) It sends a favorable message, and builds the trust and confidence of the financial supporters of the organization, who have a vested interest in how their money is being spent.

(5) It encourages good habits of fiscal responsibility to ensure that new employees will more likely continue to follow accountability principles already in place.

(6) It will assure that contributions made to the organization with stipulations as to how the funds should be used, are consistently used in accordance with the donor’s instructions, conveying to donors the assurance that their contributions are being used as intended.

(7) The auditors will be looking for an audit trail–It provides very important checks and balances for sums received and expended.

In general, most nonprofit or church audits are internal, consisting of selected auditing procedures performed by individuals inside the organization rather than by an outside CPA. This approach is useful in reducing the cost of internal control measures and audits.

These internal audits can be continuous, thus ensuring daily compliance. The internal auditors will most likely develop an audit program and an audit schedule that will be checked off. Most CPAs are knowledgeable in this area and should be consulted for initial set up and training assistance.

Those nonprofit organizations-including small churches-who do not conduct audits or have a set of written principles, should consider doing this as a necessity. From a practical standpoint I recall being the Secretary/Treasurer of a small church that did not conduct audits. However we ensure that there were adequate internal measures in place to ensure accountability.

The scope of this article is not to set out detailed internal control measures, consequently the list below is a partial representation of the control measures necessary:

• Do expenditure budgets, obtain members and board approval to ensure planning and cost control.
• Depositing all receipt intact; no removal for church expenses.
• At least two responsible individuals count and sign off on cash receipt.
• The church accounting done by persons that do not handle cash.
• Two signers needed for all checks.
• Check requisitions mandatory, itemizing items to be purchased.