Accountants and Auditors in UAE

Post on 26-Jan-2017

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Transcript of Accountants and Auditors in UAE

Accountants & Auditors

An accountant is a professional who prepares

and examines financial records.

Some of the tasks of an accountant include ensuring the records are accurate, taxes are paid and inspection of the financial operations of the business.

Accountants also ensure that the statements and records comply with the

laws and regulations of the nations.

Accountants help improve the efficiency of the business by recommending to the management practices that could be adopted for better financial management.

They can also suggest ways through which an organization can reduce costs, enhance revenues and improve profits

Accountants provide auditing services for business and individuals.

Accountants are either directly involved in the preparation of an organization’s financial statements and their primary task is to maintain the general ledger.

They also work with the management of the corporation and analyze costs of products, and operations and also provide reports for the same highlighting any

variances and also play a role in budgeting.

Accountants work as the internal auditor of a corporation, there are also accountants who work independently and audit the financial statements of many corporations and other organizations.

Some accountants also have their own firm and provide services to small businesses such as accounting systems, financial statements, income tax returns, tax planning, and

investment decisions.

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