Internal control and
risk management
Golden Falcon Consultants has developed a service that offers a comprehensive Internal control program in UAE, that includes a collection of processes that are stacked upon a business’s accounting procedures with the goal of protecting funds, eliminating errors, and confirming that accounting activities are executed in accordance with IFRS standards.
Our monthly accounting support is a tailored financial management solution designed to provide businesses with dedicated expertise from our GFC team. This service includes scheduled office visits and ongoing online support to ensure a seamless and accessible partnership. We prioritize the identification and verification of financial transactions, ensuring accuracy and completeness, while meticulous reconciliation of financial records and a comprehensive general ledger overview provide a solid foundation for financial clarity.
Regular financial data analysis and cash flow reviews empower informed decision-making, and our services extend to identifying and evaluating financial risks to protect your business's stability. We also offer robust business continuity planning, safeguarding your financial resilience in ever-changing circumstances. With dedicated staff and a holistic approach, our monthly accounting support is your trusted financial partner.
Our quarterly internal audit service is a thorough and strategic assessment aimed at ensuring the highest standards of financial integrity within your organization. We meticulously evaluate accounting standards, ensuring compliance and accuracy in your financial reporting. Our internal control evaluation helps establish robust controls that safeguard financial accuracy and prevent potential discrepancies. Additionally, we conduct a comprehensive financial review and risk analysis to identify potential areas of concern and provide advisory support for budgeting and forecasting, helping you make informed financial decisions.
Our audit process focuses on the identification and application of improvements to enhance your financial processes. We deliver detailed reports on audit findings, offering valuable insights and recommendations for continuous improvement in your financial operations, ensuring the long-term financial health of your organization.
Our VAT (Value Added Tax) services in the UAE offer a comprehensive solution to navigate the complex landscape of taxation. We begin by conducting physical verification of VAT-applied transactions and records, ensuring the accuracy and compliance of your financial documentation. This meticulous assessment extends to all VAT-related activities, helping you identify potential areas for optimization and cost-saving.
Our expertise goes beyond assessment; we provide invaluable advisory services, guiding you through the intricacies of VAT regulations in the UAE. We take care of the entire process, from preparation to filing, making sure your VAT returns are accurate and submitted on time, reducing the risk of penalties or delays.
As part of our commitment to excellence, we continuously update and inform you about any changes in VAT regulations, ensuring your business remains fully compliant with the latest requirements. With our VAT services, you can rest assured that your taxation matters are handled with precision, expertise, and a focus on optimizing your financial efficiency while adhering to all relevant regulations.
Our UAE corporate tax services offer a streamlined, efficient approach to managing taxes for businesses. We kickstart the process with a rigorous data collection and analysis phase, delving deep into your financial data to understand your tax situation thoroughly. This analysis serves as the foundation for crafting a personalized tax strategy aimed at enhancing your tax efficiency and adhering to the intricate UAE tax laws.
After devising the tax plan, we meticulously prepare your corporate tax returns, leaving no room for errors. A rigorous review and verification process guarantees accuracy before filing. Punctuality is our watchword, reducing the risk of penalties and delays. We maintain open lines of communication with tax authorities, promptly addressing inquiries.
Moreover, our commitment extends to staying up-to-date with UAE tax compliance. We vigilantly track shifts in tax laws to ensure your business complies with the latest requirements. Count on our comprehensive corporate tax services for expert, precise handling of your tax matters, with a dedication to optimizing your tax position while upholding regulatory standards.
Our yearly financial audit service provides a comprehensive assessment of your organization's financial health. We meticulously examine your financial statements, verifying transactions and ensuring compliance with accounting standards. Our internal control evaluation helps identify areas for improvement and safeguards financial accuracy. The audit culminates in an audit opinion, providing an objective assessment of your financial reporting.
Yearly external auditing is a critical component of our service, offering an independent and expert review. We scrutinize risks, aid in budgeting and forecasting, and provide a detailed report to stakeholders. Our audit process is designed to instill confidence in your financial operations and reporting, helping you make informed decisions and maintain transparency with your stakeholders.
Our supplementary services encompass a range of specialized offerings that go beyond the core services. These are designed to address specific client needs and challenges, offering a more comprehensive and tailored approach. Apart from the major financial services, GFC provides:
Based on the internal control & risk management program, GFC is dedicated to producing financial reports to fulfill the requirements of our clients and they are:
