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Risk Advisory Services

For a business to avoid the penalty of non-compliance, they need to frequently update their knowledge regarding the latest changes in regulation which can be time consuming and involves a lot of training costs. Our team of experts are here to help, as we are always well equipped with the latest updates of compliance requirement such as AML, UBO, ESR, etc.

Effective internal audit function is also important to avoid the risk of non-compliant and help the company operates smoothly. We provide internal audit function that will analyze and assess the operational and compliance of a business, give recommendations and help implementing it in your organization.

Sometimes, an organization may need to restructure the business to maintain the pace with advanced market needs. Whether it’s about changing of share capital structure, business structure, company formation in Free Zone or Dubai Mainland, our expert team are here to assist you by taking into consideration the current and future growth plan of your business.

We can also help in Business Valuation in UAE and the due diligence of your business based on the financial performance, market prospects, tangible and intangible assets, business sector, customer base and demographics, intellectual property rights and location.

At AccouConsult, we understand that compliance is not just a legal requirement, but also a critical aspect of maintaining a good reputation in the business world. Noncompliance can result in expensive penalties, legal action, and reputational damage to your company. That’s why our team of experts is always up-to-date with the latest
changes in regulations, such as AML, UBO, ESR, and more. We can help you stay compliant and avoid the risk of non-compliance, saving you time and money on training, Our compliance services serve to assist you in navigating the complicated regulatory landscape and ensuring that your company is always in compliance with local regulations and laws. We can help you identify potential compliance issues and build effective compliance management methods. Our experts will collaborate with you to understand your business goals and provide you with personalized solutions that are tailored to your specific requirements.
In addition to compliance, an effective internal audit function is also crucial to ensuring that your business operates smoothly. Our team provides an internal audit function that will analyze and assess your business’s operational and compliance aspects, give recommendations, and help implement them in your organization. This will help you avoid the danger of noncompliance and keep your firm running smoothly. We also offer compliance training to guarantee that your personnel are up to date on the newest rules and aware of their responsibilities. Our training programs are designed to be engaging and informative, ensuring that your employees are equipped with the knowledge and skills they need to maintain compliance. Our training module is designed as per the International Finance Reporting Standards. An organization may sometimes need to restructure its business to keep up with advanced market needs. Whether it’s changing the share capital structure, business structure, or company formation in the Free Zone or Dubai Mainland, our expert team is here to assist you. We consider your business’s current and future growth plans to ensure that the restructuring is aligned with your business goals.
We also offer business valuation services in the UAE and due diligence on your business based on various factors such as financial performance, market prospects, tangible and intangible assets, business sector, customer base and demographics, intellectual property rights, and location. Our team of advisors will offer you a detailed report that will assist you in making sensible business decisions. In short, our reliable and professional risk advisory services assist in managing risks and achieving business goals. We are dedicated to providing you with the most comprehensive guidance and support available to help you achieve your goals.

Our internal audit services ensure that your company’s financials are compliant with the local rules and regulations, policies and procedures and adhere to the accepted standards for financial reporting. Our audits are led by a team having outstanding levels of appropriate skills and knowledge of our client’s company. The team can assist in the internal audit activities of any public or private entity. This includes starting and running activity on a fully outsourced basis or working with an existing internal audit to supplement the team when there is a need for adequate staff or skills. Under Internal Audit we offer:

  • Internal Audit – Fully outsourced
  • Co-sourcing with the existing internal audit function
  • Operational and compliance reviews
  • Internal audit transformation – implementing the recommendation
  • Process mapping and process reviews
  • Internal controls documentation and testing

It is important for every company to comply with the latest regulations of a market. However, these regulations keep on changing, hence requiring the companies to update their compliance. We use a variety of technological tools and methodologies to understand the rules and regulations governing your company. It is a time-consuming process to develop compliance standards with the new regulations that keep on evolving. But our team of experts will help you in developing new and reliable standards of achieving regulatory compliance.

Under Regulatory Compliance we offer:

  • Compliance with AML, UBO, ESR, etc.
  • Ensuring timely submissions of returns
  • Record keeping
  • Reporting on suspicious transactions
  • KYC procedure and process

The globalization of business and finance has created the need for a common set of accounting standards to be used by all countries. International Finance Reporting Standards (IFRS) are the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use. Our experienced IFRS team can provide specific and adapted IFRS training to your in-house accountants. Under IFRS compliance, we offer:

  • Preparing accounting policies and manuals
  • Preparing financial statements formats
  • Availing expert services in the application of accounting standards
  • Implementing services in case of new accounting standards
  • A specialist technical advice
  • Training on updates