Forensic accounting may be defined as the use of accounting techniques as well as skills employed to analyze or investigate fraudulent practices that include embezzlement, money laundering, fraud, and misappropriation of funds among others. Forensic accountants reconcile statements to identify discrepancies and collet documents that provide substantial evidence in a court trial. Need for Forensic … Read more
Auditing plays a crucial role of checking and verifying accounts of companies to ensure compliance with the accounting and financial reporting standards. The Audit Requirements in UAE differs depending on whether the company is operating in the mainland or in any free zone. This article will explain each and every aspect of audit requirements for … Read more
Foreign companies are finding it increasingly attractive to set up companies in Dubai. The reasons for their relocation include facilities such as world-class infrastructure, reliable connectivity, a talented workforce, a cosmopolitan work environment, and several incentives to invest further. There are many legal considerations to address if your company would like to expand its international … Read more
The United Arab Emirates has turned into an international business destination, and it is no exception for entrepreneurs belonging to any industry, be it video gaming, online gaming, or sports wagering. Obtaining a gaming license in the UAE involves understanding the essential laws and other gaming regulatory requirements. Farahat & Co. is here to help … Read more
The Federal Tax Authority, UAE has recently released a Corporate Tax Guide (CTG) for the determination of taxable income. This guide provides clear instructions to businesses and taxpayers on how to determine their taxable income and calculate corporate tax under the UAE Corporate Tax Law. The businesses must gain an understanding of the rules and … Read more
If you are a corporate taxpayer, it is important to maintain accurate records of your bank-related details with the Federal Tax Authority (FTA). The FTA offers a full range of high-quality and integrated e-services to help taxpayers benefit from such services in the most convenient and effective manner. Such a service includes the option of … Read more