Mr. John a businessman running a company comes to know about Internal Audit Mechanism from one of his business friend who has implemented it in his company. Now Mr. John is perplexed thinking about the Internal Audit Mechanism and whether he should implement such a mechanism in his company too. He approaches Emirates Group of…
Financial discipline is the hallmark of a business organization. Any institution involved in business activity or otherwise, should resort to accurate accounting of its financial transactions which not only bestow credibility and integrity of the organization, but ensure transparency and clarity. Financial discipline can be achieved by implementing a good accounting system which is manned…
Value Added Tax- A future reality in UAE Value Added Tax (VAT) was introduced for the first time in France in 1954 and today more than 160 countries have accepted and implemented the same or similar type of general consumption tax. With the declaration of implementation of Value Added Tax regime by Gulf Cooperation Council…
