Keeping up with emerging financial regulations can be extremely challenging, especially for businesses lacking internal capabilities to navigate intricate accounting and disclosure issues. To bolster trust in the accounting choices made by financial leaders, MBG offers a 360-degree business-centric approach that takes into account the comprehensive effects on both stakeholders and the organization.
Regulatory requirement for Companies in the UAE to maintain proper books of account
UAE Commercial Companies Law, Federal Law No 2 of 2015 states, every entity is required to maintain proper books of accounts and appoint registered auditor to get its audited every year.
How can accounting review services help you?
- Financial Accuracy: Verify that financial information complies with accounting standards and regulations.
- Compliance: Ensure compliance with tax laws and regulations.
- Risk Mitigation: Suggest improvements to internal controls to reduce the risk of fraud or financial mismanagement.
- Decision-Making Support: Offer insights into financial performance, trends, and areas for improvement.
- Investor and Creditor Confidence: Improve your ability to secure financing or investments by presenting accurate and credible financial statements.
- Cost Efficiency: Identify cost-saving opportunities and areas for operational efficiency.
- Financial Strategy: Provide recommendations for improving financial performance and profitability.
Services offered by MBG:
Illustrative list below but not limited up to:
- Review of entries posted in general and sub ledgers
- Reconciliation of bank statement with bank balances
- Review of receivables and payables with ageing
- Review of month end closing process
- Advising on provisions and depreciations
- Advising on end of service such as gratuity
- Sample based review of petty cash expenses
- Review of internal controls
- Review of segregation of duties and delegation of authority
- Review of expense transactions
- Review of Investment Transactions
- Updated/rectified balance sheet and P&L Account
Benefits of hiring MBG for Accounting Review:
- Improved accuracy: MBG’s experienced professionals can provide an independent and objective review of your financial statements, helping to identify and correct any errors or omissions.
- Reduced risk: MBG can help you identify and mitigate financial risks, such as potential fraud or compliance issues.
- Cost effectiveness: Outsourcing accounting review services can save you money on overhead costs, as you do not need to pay for office space, equipment, or benefits for in-house accountants.
- Enhanced peace of mind and focus on core: MBG can give you peace of mind knowing that your financial statements are accurate and compliant. This can free up your time and energy to focus on other aspects of your business.
- Scalability and flexibility: MBG offers a variety of flexible service options to meet the needs of businesses of all sizes. You can choose the level of service that best meets your needs and budget.
Our Services
- Accounting Support
MBG provides advanced Accounting Support services, covering thorough bookkeeping, financial statement preparation, and compliance adherence. Leveraging sophisticated software and methodologies, our experienced team ensures precision. From managing accounts payable/receivable to payroll processing, our tailored support enhances financial management capabilities, driving efficiency and accuracy across operations.
Key features:
- Enhanced Accuracy
- Improved Efficiency
- Compliance Assurance
- Strategic Insights
Why MBG?
- Regulatory Expertise
- Comprehensive Compliance
- Customized Methodologies and Analysis
- Data Validation
- Proactive Risk Management
- Robust Internal Controls
- Forensic Capabilities
- Industry Specialization
- Bookkeeping Support
MBG’s Bookkeeping Support encompasses systematic recording, classification, and reconciliation of financial transactions, adhering to accounting principles and standards. Utilizing advanced accounting software and techniques, our team ensures data integrity and accuracy, enabling efficient financial reporting. From journal entries to trial balance preparation, we deliver comprehensive bookkeeping solutions tailored to meet the technical demands of modern businesses.
Key feature:
- Transactional Data Organization
- Ledger Management Efficiency
- Financial Reporting Foundation
- Financial Statement Accuracy
- Audit Preparation Assistance
- Regulatory Compliance Assurance
- Tax Compliance Support
Why MBG?
- Specialized Accounting Professionals
- Advanced Data Analytics Tools
- Customized Chart of Accounts
- Automated Transaction Recording Systems
- Rigorous Internal Controls Implementation
- Advanced Reconciliation Techniques
- Accounting Services
MBG provides a suite of technical Accounting Services designed to optimize financial operations for businesses. Services encompass financial statement preparation, tax planning, compliance advisory, and strategic financial management. Our adept team employs advanced methodologies and expertise to ensure accuracy, compliance, and strategic alignment, empowering clients with actionable insights for informed decision-making and sustainable growth.
Key feature:
- Accurate Financial Reporting
- Streamlined Processes
- Regulatory Compliance
- Enhanced Financial Analysis
- Fraud Detection
- Cost Optimization
- Decision Support
Why MBG?
- Advanced Data Management Techniques
- Seamless Integration of Financial Systems
- Proactive Risk Assessment and Mitigation
- Robust Accounting Practices
- Compliance Expertise
- Rigorous Quality Control Measures
Are you looking to enhance the financial health and efficiency of your business? Look no further than MBG’s comprehensive Accounting Review Services. At MBG, we understand the pivotal role that accurate financial data plays in decision-making and overall business success. That’s why we’re dedicated to providing accounting reviews tailored to your specific needs. Contact us today!
