Moore Qatar’s Post

📢 Attention all corporate entities operating in #Bahrain! 🇧🇭 It's that time of the year again to ensure compliance with the Ministry of Industry and Commerce ("MOIC") regulations for all Limited Liability Companies (WLL), Branches of Foreign Entities, and Bahrain Shareholding Companies (Closed)! As per the regulatory framework, it is mandatory for all corporate entities incorporated or registered in Bahrain to submit their audited financial statements annually to the MOIC. If you're seeking assistance to ensure your company stays compliant with the annual audit requirement set forth by the MOIC, we're here to help. Contact myself and Naresh Gaja now to learn more about how we can support your compliance efforts! #BahrainBusiness #CorporateCompliance #FinancialTransparency #MOIC #AuditRequirement

Is your business ready for the next audit? At Zayed Chartered Accountants (ZCAA), our Audit & Assurance Services go beyond compliance—we help businesses in the UAE achieve financial transparency, enhance governance, and ensure complete regulatory compliance with both local and international standards. Whether you're looking to streamline operations or improve financial reporting, we’re here to help you stay ahead in an increasingly competitive landscape. Our expert team ensures your business is not only meeting regulations but building trust with stakeholders. Ready to take your audit to the next level? Contact us to learn how we can support your success! https://zcaa.ae/ #AuditServices #FinancialTransparency #BusinessGrowth #Compliance #ZayedCharteredAccountants #AuditAndAssurance #UAE #BusinessSupport #Governance #InternationalStandards

The rates are determined and fixed according to the guidelines and standards set forth by SEIFSA Consultancy and/or Advisory Services, ensuring that all pricing aligns with industry best practices and professional advisories. Craig Paton: 083 702 6850 info@staff-ease.co.za #humanresources #employeelaw #labourlaw #hrmanagement #ccma #humancapital #employeerelations #humanresourcemanagement #labourcourt #workplaceconduct

“May the UAE’s legacy of progress and innovation inspire generations to come. Happy National Day!” #SAMCOATC #AccountingAndTax #UAEAccounts #AuditConsulting #AuditAssuranceUAE #CorporateTax #VATtaxUae #FeasibilityStudyUae #ICVConsultancy #ESRConsultancy #TRC #TaxConsultancy #UAENationalDay

Day 9 of #60dayscisa challenge with ISACAMUSCAT ISACA Muscat Chapter @ISACA Jay Schwab Preventive Controls: - Designed to prevent unwanted events from happening in the first place. - Examples: Employee background checks, training, access controls, physical security measures, segregation of duties. - Focus on proactive measures to safeguard assets and ensure objectives are met. Detective Controls: - Aim to identify when preventive controls fail and errors or irregularities occur. - Examples: Bank reconciliations, control totals, inventory counts, ledger reconciliations, internal audits. - Focus on monitoring activities and identifying issues after they might have happened. Corrective Controls: - Implemented in response to identified errors or irregularities. - Examples: Data backups, data validation, insurance, variance reports, revised procedures. - Focus on fixing the problem and preventing similar occurrences in the future. Understanding these different types of controls is essential for maintaining a strong internal control environment within an organization. By implementing a combination of preventive, detective, and corrective controls, organizations can minimize risks, ensure accurate financial reporting, and safeguard their assets. #auditdudeCN #isacamuscat #cisaprep

Our latest report on performance review of listed insurance companies in Oman as of YE 2023. The data used in the preparation of this report has been taken from financial reports of listed companies available (8 Listed Insurance Companies) on Muscat Stock Exchange Limited (MSX), six companies prepare their financials based on the IFRS 17 standard, while the remaining two companies follow the IFRS 4 standard and their IFRS 17 statements are not available on MSX. Please email us on support@digitzdata.com to receive a copy. #omanindustry #oman #insurance #audit #report #emailus #checking

Just saw this post on Oman insurance industry so sharing the same for everyone information and update #oman #market #report

To obtain the 𝗜𝗻-𝗖𝗼𝘂𝗻𝘁𝗿𝘆 𝗩𝗮𝗹𝘂𝗲 (𝗜𝗖𝗩) 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲, private sector companies are required to meet the following prerequisites: 𝗦𝘂𝗯𝗺𝗶𝘁 𝗔𝘂𝗱𝗶𝘁𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀: Companies must provide their audited financial statements for at least the last two fiscal years, compiled and audited in accordance with IFRS standards. This ensures transparency and accuracy in the financial reporting of the company. 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝗡𝗔𝗙𝗜𝗦: Companies need to complete their registration with NAFIS (Nafis.gov.ae). This step is crucial for aligning with national policies and demonstrating compliance with local regulations. By fulfilling these requirements, companies can position themselves for successful #ICVcertification , which is essential for demonstrating their commitment to enhancing local value and contributing to the national economy. Request a quote: https://lnkd.in/damTybyJ Contact us today to learn more about how 𝗜𝗖𝗩 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 can benefit your company: 📞 Abu Dhabi: +971 (2) 641 6751 📞 Dubai: +971 (4) 8790 747 📞 Mobile: +971 (50) 336 0576 📧 Email: info@assistplus.ae 🌐 Website: www.assistplus.ae #ICVProgram #UAEeconomy #SustainableDevelopment #LocalSourcing #GrowthOpportunities #BusinessStrategy #ICVCertification #UAEEconomy #LocalValueCreation #icv #GovernmentContracts #BusinessGrowth #AssistPlus #CompetitiveEdge #UAEIndustry #ICVProgram #UAEBusiness #EconomicDiversification #ManufacturingUAE #SupplyChainUAE #Abudhabi #Dubai

ZATCA Releases Updated Transfer Pricing Guidelines   ZATCA has introduced significant changes in the updated Transfer Pricing guidelines. You can access the new guidelines here (https://lnkd.in/dM2aqV9T)   Key Highlights:   1.     Advance Pricing Agreements (APA): Expanded procedures and scope for APAs, offering clearer frameworks for future transactions. 2.     TP Adjustments in Accounting Books: Guidance on incorporating transfer pricing adjustments directly into accounting records. 3.     Exclusions for Group Companies: Group companies that submit a unified Zakat declaration based on the Zakat collection regulation are excluded from transfer pricing documentation requirements. However, these companies must disclose transactions with companies they own less than 100%.   Stay tuned for a more detailed alert on these important updates.   #TransferPricing #Deloitte #SaudiArabia

ZATCA Unveils Revised Transfer Pricing Guidelines with Key Updates ZATCA has recently issued significant updates to the Transfer Pricing Guidelines, reflecting a commitment to providing clearer directives for businesses operating within its jurisdiction. Discover the full details of the new guidelines by visiting [here](https://lnkd.in/dM2aqV9T). Key Highlights Include: 1. Advance Pricing Agreements (APA): The procedures and scope for APAs have been expanded, offering businesses a more transparent framework for managing future transactions. 2. Transfer Pricing Adjustments in Accounting Books: The updated guidelines provide clarity on how to reflect transfer pricing adjustments within accounting records, ensuring compliance and consistency. 3. Exemptions for Consolidated Zakat payer Group: Group companies filing a consolidated Zakat declaration in accordance with Zakat regulations are now exempt from certain transfer pricing documentation requirements. However, these entities are required to disclose transactions with related companies where ownership is less than 100%. #EYMENA #EYKSA #TRANSFERPRICING #NEWUPDATE