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Audit intelligence for UAE businesses.
Regulatory updates, sector analysis and audit perspectives from the RAA team — keeping you informed in a fast-moving market.
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Newsflash: If a UAE SME lets its financial control become ‘financial out-of-control’, the risks can be existential
In a long career in finance and accounting, I reckon I’ve pretty much seen it all…. and, frankly, some of it was not very pretty! For every role where my
Newsflash: Integrating Strategy, Business Plans and Budgets
In the UAE, as in other countries, businesses too often prepare a budget without first giving due consideration to strategy and medium-term business planning. This is particularly the case for
Newsflash: The Benefits to a UAE SME of a Non-Executive Director with a Financial Background
Although non-executive directors (NEDs) are only a legal requirement in the United Arab Emirates for joint stock companies (JSCs), they can be of significant benefit to small and medium-sized enterprises
Newsflash: Freeing-up UAE entrepreneurs to concentrate on business-critical activities
Like their counterparts in other parts of the world, UAE business leaders are constantly striving to maintain focus on revenue-earning and business-critical activities. Yet many are distracted and deflected from
Newsflash: A UAE start-up’s need for CFO Support
UAE government measures which have removed much of the red tape that previously hampered start-ups and which now allow 100 percent foreign ownership of companies have created an ideal incubator
February 10, 2022
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Newsflash: Liquidation process for UAE registered entities — An overall view
Liquidation is the process by which a company as separate legal person is brought to an end of its life through a formal process specified by the related jurisdiction. All the assets of the
UAE VAT Updates – Timeline for Re-determination of Administrative Penalties extended until 31st December 2022
The UAE Cabinet issued Cabinet Decision No. 108 of 2021 (Decision) amending Article 3 of Cabinet Decision No. 49 of 2021 to extend the timeline for the re-determination of administrative
UAE TAX Updates – UAE TO INTRODUCE CORPORATE TAX FROM JUNE 2023
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (UAE CT) on business profits effective for the financial years starting on or
UAE VAT Updates – Cabinet Decision on Controls and Procedures for Instalment Payment, Waiver and Refund of penalties
The UAE Cabinet issued Cabinet Decision No. 105 of 2021 (Decision) on 28th December 2021 that stipulates controls and procedures for installment payment, waiver, and refund of administrative penalties (penalties). This
Newsflash: Challenges with accounting for cryptocurrencies
Cryptocurrencies are considered the future of the banking and financial system as there have been a lot of technological developments around cryptocurrencies during the last decade. However, there are still
Newsflash: Selling your business in the UAE? How to successfully navigate the process
When the owner of a small or medium-sized enterprise (SME), whether it be an individual or a corporation, decides to sell that business it is of paramount importance that there
Newsflash: Liquidation of RAK ICC registered companies
What is Liquidation: Liquidation is the process of bringing a business to an end. A liquidator is appointed to wind up the operations of business which leads ultimately distribution of its
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