Brief overview of taxation in UAE
Only oil, gas and petrochemical companies and banks have to pay corporate income tax. Other companies do not pay any tax in the UAE. In addition there is no personal income tax the residents of the United Arab Emirates have to pay. There is a systematic contribution of pension of about five percent for employees who are UAE nationals. Each emirate has its own tax law as there is no federal tax legislation in this country. Chartered accountants in Dubai follow the generally accepted practice and principles of accounting.
Specific job description of auditors
The job description of the auditors in Saif Zone Sharjah includes collecting and analyzing data in the attempt of detecting fraud or non compliance. They have to report to the management about asset utilization and make recommendation if changes in the organization are required. They would also need to inspect books of account and systems for effectiveness and efficiency. Preparation of detailed reports to the management is compulsory. Data relating to capital stock, surplus income and expenditure, net worth and liabilities will also need to be reviewed by these people.
Evolvement of the big auditors
At first there were eight accounting firms in the world who were considered to be the best in their field of work. In the year 1989 mergers led to the reduction of major accountancy firms from eight to four. These are not single firms and considered to be more of network of firms, owned and managed independently. Chartered accountants in Dubai or anywhere across the world for that matter are all the time vying to be part of these firms because of the reputation they have. It gives them worldwide recognition and hard core experience as book keepers.
Chartered accountancy is the core of all businesses
The nature of the job is very rewarding but extremely challenging. Career prospects are very high for individuals who choose this profession. Auditors in Saif zone find that this profession would lead to rewarding careers in fund management and investment consultancy. The curriculum of this course is double fold as the theoretical education is complemented with practical training at the time of internship. Ideally students from the commerce branch would be great candidates for this field as students of science and arts will have to extra effort to understand the nuances of accounting. It involves a great degree of having to study for long hours and constant practice. This course has been widely recognized as it has been able to keep pace with the changes of the world scenarios.
Specific job description of auditors
The job description of the auditors in Saif Zone Sharjah includes collecting and analyzing data in the attempt of detecting fraud or non compliance. They have to report to the management about asset utilization and make recommendation if changes in the organization are required. They would also need to inspect books of account and systems for effectiveness and efficiency. Preparation of detailed reports to the management is compulsory. Data relating to capital stock, surplus income and expenditure, net worth and liabilities will also need to be reviewed by these people.
Evolvement of the big auditors
At first there were eight accounting firms in the world who were considered to be the best in their field of work. In the year 1989 mergers led to the reduction of major accountancy firms from eight to four. These are not single firms and considered to be more of network of firms, owned and managed independently. Chartered accountants in Dubai or anywhere across the world for that matter are all the time vying to be part of these firms because of the reputation they have. It gives them worldwide recognition and hard core experience as book keepers.
Chartered accountancy is the core of all businesses
The nature of the job is very rewarding but extremely challenging. Career prospects are very high for individuals who choose this profession. Auditors in Saif zone find that this profession would lead to rewarding careers in fund management and investment consultancy. The curriculum of this course is double fold as the theoretical education is complemented with practical training at the time of internship. Ideally students from the commerce branch would be great candidates for this field as students of science and arts will have to extra effort to understand the nuances of accounting. It involves a great degree of having to study for long hours and constant practice. This course has been widely recognized as it has been able to keep pace with the changes of the world scenarios.