Risk & Compliance Services

ALSHARID ADVISORS & AUDITORS strives to be the best risk & compliance services provider in the United Arab Emirates.
We will take care of your risk & compliance needs through our team and take the burden off you. Don’t hesitate to give us a call today to learn more about what we can offer you.

ALSHARID ADVISORS & AUDITORS offers a wide variety of risk & compliance services in the UAE. We’ve got a well-experienced qualified team of internal audit, risk, and compliance professionals that can deliver outstanding results to your business.
Click on one of the following services to learn more about the risk & compliance services that we provide:

Our approach to providing bookkeeping and accounting services

We understand that bookkeeping and accounting are error-prone due to their clerical routine nature, therefore, we have designed a very robust process that ensures our team can tackle any volume of bookkeeping and accounting tasks without errors, there’s a well-established review process in place at each stage of conducting our work. We also leverage appropriate software tools that automate some of our processes and help us in identification of errors.

ALSHARID ADVISORS & AUDITORS strives to be the best risk & compliance services provider in the United Arab Emirates. We will take care of your risk & compliance needs through our team and take the burden off you. Don’t hesitate to give us a call today to learn more about what we can offer you.

Is it mandatory for companies in UAE to maintain accounting records?

According to Article 26 of the UAE Commercial Companies Law, the Federal Law No 2 of 2015 “Every company shall keep accounting records showing its transactions to accurately reveal at any time the financial position of the company and enabling the partners or shareholders to confirm that the accounts of the company are properly kept in accordance with the provisions of this Law.” Therefore, it’s necessary that you maintain proper accounting records. Whether your company is a startup without an existing accounting system or a large company looking for an outsourced team of bookkeepers, we’ve got what you’re looking for, give us a call and let us introduce how our services can fit your unique needs

How is an accounting or bookkeeping service different from a financial statement compilation service?

While a bookkeeping service takes place over a longer time frame to record and process financial transactions of your business, a financial statement compilation service usually takes less time and is mainly concerned with using already recorded financial data to compile a complete set of financial statements for your business which are as defined in IAS 1. We conduct our bookkeeping services according to world-class best practices, the same goes for our compilation services besides that we also adhere to a standard for the latter which is ISRS 4410 under which the management retains responsibility for the financial information and the basis on which it is prepared and presented. Meanwhile, when we’re appointed as your bookkeeper, we take this responsibility off you and process your financial data accurately. We can offer you both services in a discounted bundle.

Does handing my financial data over to an outsourced bookkeeper mean I'm going to lose control over it?

By appointing us as your bookkeeper, we’ll be as close to you as your own team, we’ll work efficiently to deliver accurate recorded financial data, and keep you updated on a timely basis of any matters that need your attention.