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UAE tax-free as European economies pile on the levies
New research by UHY shows gap between high tax Western Europe and rest of the world growing larger Ladislav Hornan, chairman of UHY: “There is a ‘brain drain’ risk for some countries with high personal...
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Don’t shoot the messenger, protect him
The vital role of ‘whistle blowing’ in modern business cannot be gainsaid, however, managers responsible for preventing fraud risk may find themselves in the firing line Danny McLaughlin Head of Fraud...
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Mideast financial reporting set for dramatic change
As countries move to implement IFRS, Deloitte experts conduct classes to keep region up to speed with latest advances THE ONGOING modifications to the existing set of International Financial Reporting...
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Trust betrayed
A lack of correct corporate governance in owner managed businesses is likely to accentuate risk of rogue senior managers doing what they want and for their personal benefit Danny McLaughlin, Head of...
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Road to convergence
Will IFRS ever succeed in becoming the dominant world accounting standard? Gerald Santing the Managing Director of Markets at DFSA, asks Gerald Santing, Managing Director, Markets – Dubai Financial....
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UAE’s double tax treaties
Emirates enacts decrees for purposes of eliminating foreign levies on income from outbound activities Nilesh Ashar, Partner, KPMG – International and M&A Tax Advisory MANY MIDDLE Eastern countries...
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KPMG wins big at Mena awards
KPMG EMERGED big champs during the inaugural Middle East and North Africa (Mena) Fund Manager Services Awards held at The Address Hotel, in Dubai. The awards event paid tribute to the service providers...
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Fighting occupational frauds
Rakesh Pardasani, a partner at RSM Dahman audit firm, assesses the ability of external auditors to detect scam risks in organisations By Rakesh Pardasani, Partner, RSM DahmanBy Rakesh Pardasani,...
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Managing working capital effectively
KPMG in the UAE holds client workshop on ‘Working Capital Challenges’ and ‘Joint Ventures’ KPMG IN the UAE recently held a Cash, Working Capital and Joint Venture workshop at the Ritz Carlton, Dubai...
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IFRS finally comes to the region
Next month Dubai plays host to the annual World Accounting Summit, where industry experts will gather to assess the progress of standards’ implementation… Deloitte Audit Partner Abbas Ali Mirza started...
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What’s it got to do with me? – Part I
In this first series, Matthew Gamble, the Head of Anti-Money Laundering at DFSA, explains why accountants and auditors need to be aware of what is happening in the world of Money Laundering, Sanctions...
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What’s it got to do with me? – Part II
In this second installment of our continuing series on Money Laundering, Sanctions and Terrorist Financing, Matthew Gamble explains the obligation of audit firms on illicit financial transactions…...
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What’s it got to do with me? – Part III
In this third part of our continuing series on Money Laundering, Terrorist Financing and Sanctions, Matthew Gamble explores ways that would help accountants or auditors develop a set of systems and...
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Deloitte records double-digit growth
Network says priority markets contributed nearly one-fifth of revenue; Nearly 30 strategic acquisitions were made in the fiscal year ending 31 May 2013… In FY14 the Deloitte network plans to continue...
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KPMG Capital formed
New investment fund will support partnerships and acquisitions, to help firms’ clients unlock tangible value of their data. Michael Andrew, Chairman of KPMG International: “KPMG Capital will enable a...
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Mideast sees rise in Chinese M&A investments
Deloitte survey shows about 60% of respondents expect region to get a sizable number of outbound energy and resources from the Asian country. THE FIFTH edition of the Deloitte 2013 Greater China...
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MONEY MATTERS
The Western Union Business Solutions team offer detailed insights on the movements in the three currencies – USD, EUR and GBP in the month of June to help you manage your finances better. USD:...
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Tagetik Middle East appoints CPM suite reseller
Tagetik Middle East appoints the fastest growing System Integration Company in the region as Preferred Reseller for Tagetik 4 covering Budgeting, Planning, Forecasting, Consolidation and Collaborative...
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The CFO Strategies Index
Top Chief Financial Officers (CFOs) will come together to document their strategies and best practices in the GCC for the first ever CFO Strategies Index. The global economy has come a long way since...
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Disruptive intelligence
The MECA CFO Alliance recently hosted a CFO Innovation Summit under the theme “Future of Business Intelligence,” which was held at the Ritz Carlton Hotel in Dubai. We bring you the highlights of the...
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