Accountants And Auditors in UAE

Accountants And Auditors in UAE

An accountant is a person who gets paid to keep track of and inspect the financial accounts of a company or individual clients. The main job of an accountant revolves around the functions, such as auditing, annual reports, calculating profit & loss, filing taxes and publishing annual auditing reports. An accountant can either work at an accounting firm, in the accounting department of a large organization, or can set up firm and practice on his own. Account keeping plays a key role in many parts of a business plan. Accountants and audit firms that are held in high regard are commonly approved by national bodies based on certain criteria being met. Dubai's governing organization is called the Dubai Multi Commodities Centre, DMCC in short. Any Auditing firm that has been established in Dubai should be registered and licensed under DMCC. DMCC approved auditors will have quality infrastructure and work ethics and comply with the local laws and government regulations

Similarly, in Ras Al Khaima, Ras Al Khaimah Economic Zone (RAKEZ ) is the licensing organization for auditors. So RAKEZ approved auditors will provide quality service to companies in the Ras Al Khaimah region.

Accountants and auditors have become a major part of every business, small or big, across the globe. Today, their services go beyond just journal entries. Accountants and auditors help companies by providing expert advice about changes that need to be made for the company to reach its long term and short term goals. One of the basic jobs an accountant has to do is to check bank statements with the financial records of the company for errors in values and accounts. This helps prevent companies from major losses and expenses through fees and transactions. The process has to be error-free to reveal an exact value of profits and losses for the given financial year.

To cater to the mass demand for their services in the Middle East, there are many accounting firms and individual accountants and auditors in UAE. These many firms that offer their services through their skilled accounts and auditors are located across the Emirates. Accounting is the most systematic and strategic method to capture and record the financial statement, profit and organization entity which enables the management to decide on financial planning. Accounting firms help the business to recover the investments based on the auditing report. Accounting firms provide all the information on the business revenue, liabilities, income statement, balance sheet, and cash flow information. Recovery auditing is one such process that helps the business owners to earn an idea of the business progress. Above listed are some of the most trusted accounting firms operating in Abu Dhai, Dubai and Sharjah.