Ahmad Alagbari Chartered AccountantAhmad Alagbari Chartered AccountantAhmad Alagbari Chartered Accountant
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info@aaa-cas.com

Auditors in Dubai

INTERNAL CONTROL Over Financial Reporting
30 Apr 23

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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CHAT GPT
11 Apr 23

HOW CAN ACCOUNTANTS USE CHATGPT

HOW CAN ACCOUNTANTS USE CHATGPT In today’s world a new wave of software is making ground-breaking history. ChatGPT, from AI startup Open AI, is an AI-powered chatbot whose level of sophistication has taken the business world by storm like no other chat platform before it. What is Chat GPT? ChatGPT…
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Letter of Credit
03 Oct 22

LETTER OF CREDIT -TRADE FINANCE SOLUTION

WHAT IS A LETTER OF CREDIT? A Letter of Credit (LC) is a document issued by a bank or other financial institution to another party that provides evidence of financial obligations. It can be used in international trade between parties who have no direct contact, such as buyers and sellers…
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Corporate Fraud Prevention
29 Aug 22

DETECTING AND DETERRING ASSET MISAPPROPRIATION

What is Misappropriation of Assets? Asset misappropriation fraud involves third parties or employees in an organization who abuse their position to steal from it through fraudulent activity. It can also be known as insider fraud. Misappropriation can occur at any stage of routine business operations; before assets are recorded, while…
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INVOICE FRAUD AND ITS PREVENTION
15 Aug 22

GUIDE TO SPOT INVOICE FRAUD AND ITS PREVENTION

Fraud can happen at any time and to any company. Do you know the ways to protect yourself and your business? Organizations throughout history, regardless of size, have been susceptible to some form of invoice fraud. Research reveals small and medium-sized businesses are at more risk of being targeted for…
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NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENT
02 Aug 22

NEW DUBAI REAL ESTATE LAW TO BOOST PROPERTY INVESTMENTS

Property is a vital sector of Dubai’s economy that has been performing well. In June 2022, the Dubai real estate market recorded AED 22.7 billion sales – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume, according to Dubai…
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Invoice Discounting
28 Jul 22

GUIDE TO INVOICE DISCOUNTING

What is Invoice Discounting? Invoice Discounting refers to the form of the invoice financing where the businesses borrow the money in the form of a loan from the finance company by keeping the amounts due from customers as the collateral, i.e., accounts receivable from the customer is used as the…
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WHY AND WHEN TO DO CHEQUE DISCOUNTING
27 Jul 22

WHY AND WHEN TO DO CHEQUE DISCOUNTING

WHY AND WHEN TO DO CHEQUE DISCOUNTING? Are your cheques drawn from reputable organizations? Do you need to boost your liquidity for sustained operations in your business? Cheque discounting solution enables you to access cash for your business requirements while you wait for your cheque(s) to clear. In today’s business…
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