Smart Accounting Strategies Every Startup should Adopt in 2021
Startups and SMEs are the backbones of every economy. The UAE has built a favourable ecosystem for startups and small businesses over the years. Yet, along with the stories of…
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A Guide to the Role of Internal Auditors in Fraud Risk Management
Corporate fraud is on the rise across the world and it’s alarming that nearly 70% of the fraud is committed by insiders. In many cases, corporate fraud can bring an…
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Top AML-CFT Red Flags Indicators of Suspicious Transactions for Auditors
The money laundering methods of criminals are constantly evolving, and in many cases, they are specific to the features of a given market or a given type of business activity.…
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Making Budget for Startups: Top Insights From UAE Accountants
Preparing a solid budget is essential for the success of every business including startups. A budget, in essence, forms a foundational framework for your company finances. It details past performance…
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AML-CFT: An Indicative List of Red Flags for Trust & Corporate Service Providers
Trust and corporate service providers (TCSP) are categorised as designated non-financial businesses and professions (DNFBPS) as per the UAE’s Cabinet Decision No. (10) of 2019 on Anti-Money Laundering and Combating the Financing of Terrorism…
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Why is it Important to Rely on Auditor’s Due Diligence Report Before Buying a Business?
Entrepreneurship is not only about starting a new business but you can be an entrepreneur by buying a business that is already up and running. Buying a business saves you…
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ESR Notification Deadline on June 30, 2021: A Guide to All Mandatory Steps
Only a week is left for filing the Economic Substance Notification in the UAE. June 30, 2021, is the official deadline given for the UAE companies ( mainland, free zone…
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Key AML Red Flags Associated with Real Estate Sector Businesses
Criminals use a wide variety of techniques to exploit the real estate sector for money laundering and financing of terrorism. The techniques used keeps on evolving and, in many cases,…
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Learn about the Different Types of Audits in Dubai, UAE
As an entrepreneur in Dubai, getting accounts audited every year is important for you as it ensures that your company’s records are in order and reliable. During an audit, auditors…
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How Dealers of Precious Metals are Exposed to the Risk of Money Laundering?
The Cabinet Decision No. (10) of 2019 on Anti-Money Laundering and Combating the Financing of Terrorism identify dealers in precious metals and precious stones (DPMS) as Designated Non-Financial Business and…
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