After the implementation of VAT in UAE, there is growing trend of external review of inhouse accounting and bookkeeping function. Management needs independent assurance as if accounting function is operating smoothly, without any errors and as per best practices. In case due to some reasons you do not want to outsource you accounting function, but you can still partly avail the benefits of outsourcing by appointing us for review of your accounting and bookkeeping function. This can fill the gap between your in-house accounting expertise and required level.
The scope of supervision work can vary from engagement to engagement as mutually decided with management but can typically include reviewing monthly balance sheet, profit and loss, trial balance and ledgers, VAT and substantiating those with underlaying transaction and documents. Such reviews can be done periodically but monthly or quarterly review will be most suitable.