Services
Our Services
- Auditing Services
- VAT & TAX Consultancy Services
- TAX Agent Services
- Financial Accounting Consultancy Services
- Financial Management Services
- Feasibility Studies & Project Appraisal Services
Our Audit & Assurance practice is one of our major services. A properly conducted audit adds value to a client’s business on several fronts and there are compelling reasons for any company to undertake the audit process.
The audit process is an independent examination of the financial statements of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon.
We invest time and efforts to understand the client’s business and needs and identify the key drivers, risks and opportunities. Our independent opinions, strong competency, value addition approach and partnership philosophy makes us highly respected by our clients.
We plan our procedures to formulate our review and assessment involves forming an overall conclusion as to whether:
The financial information has been prepared using acceptable accounting policies, which have been consistently applied.
The financial information complies with relevant regulations and statutory requirements.
There is adequate disclosure of all material matters relevant to the proper presentation of the financial information, subject to statutory requirements, where applicable.
The main audit services include:
- Statutory or External Audit.
- Financial Audit, Review and Compilation.
- Review of Financial Statements.
- Implementation of Internal Audit Procedures.
- Management Audit.
- Liquidation of companies
- Preparation of financial consulting reports in the capacity of CPAs.
Our consultant services, preparation of accounting advisory reports with all UAE Courts and parties requesting them.
- Expressing opinions, preparing reports of accounting and banking consulting expertise of all kinds, investigating and performing all types of fraud and financial manipulation, and preparing all advisory accounting reports in relation to waste money and dishonesty.
Ahmad Obaid Auditing of Accounts is a Tax expert ready to help, We’ve got a mix of Tax professionals having their own deep expertise and experience that will allow us to help you with your query. Ahmad Obaid Auditing of Accounts Tax Consultancy Service will help the clients understand national, state, local, and international tax structures and align the tax function with business objectives. There is a tax implication for almost every transaction a company undertakes, from trading to acquisition to off-shoring. Even the most sophisticated global companies often struggle with balancing compliance details and long-term tax planning. Our tax consultants have the perspective to help companies understand national, state, local, and international tax structures and align the tax function with business objectives:
- TAX Planning
- TAX Record Keeping
- Year-end Tax checklist
- Digital Tax tools
- Rewards, Recognition, and Motivation
As a duly approved and accredited tax agent registered with the Federal Tax Authority, we can assist you in that field and fulfill all your needs by providing high-quality services where we provide tax registration service, tax declaration service, and tax advisory services. We extend our hand of assistance on all the problems you encounter with regard to the Value-Added Tax (VAT).
It is sometimes difficult for taxable persons (companies or individuals) to look after the issues on tax matters and resolve them with the concerned authority (FTA) by themselves. It will be on tax matters and resolve it with the concerned authority (FTA) by themselves. It will be necessary for the companies to appoint an expert to handle the tax matters. By appointing a Tax Agent by any taxable person, he can count the following benefits:
- Some of the documents may have to be given in Arabic language to the concerned authority. The tax agent will be an Arabic-proficient professional and hence the taxable person need not bother if he doesn’t have records in Arabic.
- Appointing a dedicated Tax Agent will give more comfort for the taxable person on compliance requirements of the law in the long term.
- Tax agent will be always updating himself on the latest changes in the law and hence the penalty for noncompliance with the new provisions of the law will be eliminated.
- Appointing a Tax Agent or at least a Tax Consultant will help the taxable person to identify the right “Dos and Don’ts which will result in better tax planning.
- Tax Agent can represent the taxable person in front of the Federal Tax Authority and hence if any assessment notice comes in the future for the assessee, the experienced Tax Agent’s service will be crucial.
Ahmad Obaid Auditing of Accounts offers its clients a wide array of financial reporting and accounting services that aim to meet the diverse requirements of different businesses in various industries. Our expertise in all areas of financial planning, accountancy, or business development will assist any business in realizing its full potential and financial growth.
- The accounting and bookkeeping services include:
- Initial set up of company financial reports.
- Accounting system design & implementation.
- Records management.
- Ongoing outsourced bookkeeping and accounting services.
- Preparation of annual accounts from the underlying records for audit or other purposes.
- Preparation of monthly accounts for small businesses from basic records.
- Assistance in writing up books of accounts either on a regular or periodic basis.
- Drafting the financial policy and procedures.
- Existing accounting system examination followed by recommendations and implementation solutions.
We have introduced an outsourcing service for accounting and bookkeeping to give our clients peace of mind with a more flexible and much more relaxed approach to all their bookkeeping and accounting needs. It is no longer necessary for any business to hire a full-time or even part-time accountant. By outsourcing your accounting and bookkeeping requirements, your expenses will be minimized, and you will also benefit from using the expertise of our team of professional and highly qualified accountants. We will provide you with detailed and professional reports related to your business accounting needs whenever requested.
In addition to the above, we offer our clients other financial advisory services that would help evaluate their operating effectiveness, measuring the overall performance, budgeting, strategic planning, balance sheet management, and many others.
Those services include the following:
- MIS reporting.
- Financial Analysis and Balance Sheet Management.
- Financial and business restructuring.
- Cash flow analysis and management.
- Working capital and inventory management.
- Business valuation and business liquidation.
- Budgeting and strategic planning
We at Ahmad Obaid Auditing of Accounts offer our clients with many services which would help them in evaluating their operating effectiveness, measuring the over-all performance, budgeting, strategic planning, balance sheet management and many others. Our Financial Management Advisory Services include the followings:
- MIS reporting.
- Financial Analysis and Balance Sheet Management.
- Financial and business restructuring.
- Cash flow analysis and management.
- Working capital and inventory management.
- Setting and monitoring the key financial targets and budgets.
- Business valuation and business liquidation.
- Budgeting and strategic planning.
We at Ahmad Obaid Auditing of Accounts associate ourselves with the operation well before a business takes shape. Our involvement begins with the business idea, study of the idea and prepares a project report that helps in determining the feasibility of the business idea and recommends changes that are major as well as small corrections to make it work in the business environment.
We specialize in creative solutions for present day business interests. We have professional expertise and experience in identifying and quantifying the business interests of our clients and make viable projects for the accomplishments of our clients’ desires.
All feasibility studies conducted by us are used for effective decision support process. We put emphasis on sensitivity analysis and assure that our studies take into consideration the key variables of varied factors of the industry. We follow due diligence in assessing market feasibility, risk analysis and planning. We prepare the feasibility studies in both Arabic & English language.
Our area of expertise includes but not limited to:
- Business plan & business projections.
- Industry assessment. Financial feasibility & financial projections.
- Market Research and Marketing Consultancy.
- Operational feasibility.
- Compilation of Complete Project Reports.
- Discussing the feasibility study with the clients’ banks and financing organizations.