auditing firms in uae

INTERNAL CONTROL Over Financial Reporting

WHY (ICFR) INTERNAL CONTROL OVER FINANCIAL REPORTING IS IMPORTANT

WHY (ICFR) INTERNAL CONTROL OVER FINANCIAL REPORTING IS IMPORTANT Recently Credit Suisse Group, still reeling from significant losses tied to the 2021 collapses of Archegos Capital Management and Greensill Capital, disclosed in its annual report its internal control over financial reporting (ICFR) was “not effective” for the fiscal year ending…
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UAE Bounced Cheques

UAE Bounced Cheques and Fines: You Need to Know in 2022

In the UAE, the cheque bounce is a very frequent problem faced by people during their span in the country. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases and individual transactions. When the cheque…
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whistle - LAW

Whistleblowing Benefits for Organizations

The most powerful weapon against fraud is not an algorithm or a checklist but a whistleblower.” -The Economist What Is Whistleblowing?  A whistleblower is a person, who could be an employee of a company, or a government agency, disclosing information to the public or some higher authority about any wrongdoing,…
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