N R Doshi & Partners

N R Doshi and Partners has a team of highly qualified and experienced external auditors who have served across the UAE. These statutory auditors have dealt with various clients from different industries, and they know how to customize their audit methodologies depending upon the external audit services requirements and client environment.

Our firm has earned an excellent reputation due to our unbiased opinion and extreme dedication. We are objective and independent in our approach, and we provide significant value to our audit and assurance clients.

Key Differentiators:

Integrity

Our auditors perform the audit process honestly, conducting each task precisely and diligently. We impartially perform the external audit, taking care of the legal requirements.   

Confidentiality

We handle your confidential information and sensitive data with proper care. Our auditors exercise discretion for keeping the information safe, which they acquire while performing the audit. We are fully compliant with ISO/IEC 27001:2013 standards for information security.  

Fair Presentation

Our company is obliged to present the audit report exactly, reflecting our audit activities. The conclusion is always based on our audit findings. We strive to make communication truthful, timely, clear, and accurate.

Due Professional Care

Our proficient auditors always perform tasks with due professional care. They are familiar with the importance of the tasks they undertake. An essential factor they take into consideration while performing the tasks with due care is making the reasoned judgment irrespective of all situations.  

Independence

We know that the audit conducted should be impartial and uninfluenced. Our auditors conduct the audit independently, drawing conclusions on the basis of audit evidence only.  

Audit Evidence

Our auditors follow the compliance procedure for collecting the audit evidence before getting started with the audit procedure. By the use of substantive procedures, our external auditors collect evidence associated with the accuracy, validity, and completeness of the data.

Skills and Competence

Our team is competent, skilled, and well-trained in the field of external audit services in Dubai. They own prior experience of external auditing and remain updated with the developments taking place in the field of auditing, legal, and accounting fields.

The internal audit is the process of evaluating all business aspects of an organization, including internal controls, regulatory compliance, corporate governance, and accounting processes conducted in such a way that it adds value to the entity by improving its operations. In our internal audit services, we go through different business operations and internal controls of the entity.

The core objectives of conducting the internal audit are:

• Achieving efficiency and effectiveness of all business operations
• To make the financial reporting timely and accurate so that that company can rely on them
• To keep all business aspects compliant with laws and regulations
• To ensure that the assets of the company are adequately safeguarded

What you can expect from our Internal Auditing Services

With our Internal Auditing Service in UAE, audit committees, boards, and CEOs can be sure of the following:

01. The internal control mechanism is effective and working as intended

02. Risks are appropriately identified, classified and managed as per the risk appetite of the organization

03. Business processes are optimized towards bringing efficiency and effectiveness

04. Assets are identified and adequately safeguarded

05. Contractual obligations and regulatory requirements are complied with

06. Undetected issues which are hampering the growth of the organization are identified and appropriately addressed to

07. The internal audit framework is assisting the business in achieving operational efficiencies and business objectives

08. The overall internal auditing function is responsive to changing business needs

As a top internal audit firm in Dubai, our approach to internal audit is to work with our clients on the premise of mutual trust and respect, ensuring personalized service. We tailor our service based on your requirements and make sure that you receive the maximum benefit out of it.

Why N R Doshi & Partners

Experience is the key to improvement. We are better than we were when we started internal audit services. In this period of thirty-four years, we have served hundreds of clients with our internal audit services in UAE.

With the experience, we have developed our techniques to make compliance check efficient, governance optimum, and business operations effective. As our team has expertise with clients of different sectors and sizes, you can reach us out with any need. We are here to make every possible attempt to fulfill your needs with your internal audit service.

Besides internal audit, we even conduct external audit, forensic audit, compliance audit, agreed-upon procedures audit, etc. Also, we can even cater to your accounting, VAT, and advisory requirements.

N R Doshi and Partners has been providing forensic audit services in Dubai for years. Our firm not only owns forensic accounting and auditing skills, but it is also familiar with the relevant legal framework.

The experienced forensic auditor of N R Doshi strives to track down the epicenter of fraudulent acts using their financial acuity, investigative and detective skills.

We dive deep into your financial records, filter the ‘red flags’ transactions, and figure out where the core of fraud exists.

Significance of N R Doshi's Forensic Audit Service

Our forensic audit service in UAE is one primary solution that helps businesses keep fraudulent acts in control. With the rise in the number of frauds due to the use of technology and new fraudulent methodologies, the prominence of forensic auditing has earned a lucrative specialty. Therefore, you should not compromise with the forensic audit service and only choose the best ones in the field, such as N R Doshi and Partners.

Our forensic audit service in Dubai is a significant way of identifying and gathering evidence against the fraudster determining the affected areas of a business and its monetary impact.

Besides the official documentation of business, our auditors perform a lot of fieldwork to gather information and try to corroborate their authenticity. Based on the official document and gathered information, we move forward in search of evidence.

Why N R Doshi and Partners?

N R Doshi and Partners, without doubt, has in-depth knowledge of forensic accounting and forensic auditing. Our years of on-hand experience in fraud investigation and learning will be advantageous to keep your business safe from fraudulent acts. We have a team of Certified Forensic Examiners (CFE) to carry out the forensic audit as per the global standards and best practices.

We are not only experienced with the forensic audit but external audit, IT audit, internal audit, compliance audit, etc. too. We have been working as auditors for more than three decades. During the whole period, we have kept an eagle’s eye on changing methodologies of frauds and countered them with our skills and auditing abilities.

Advisory and consulting are required at every step you take in your business.  N R Doshi and Partners is one of the top consulting firms in Dubai, providing advisory for various aspects of your business. Whether you talk about system designing and its implementation, contract negotiation, management consulting, or Anti-Money Law compliance, we have included all the services.

As per the service, we own a specific team of experts which no other consulting firms in Dubai possess. These experts are unrivaled when one talks about their experience and knowledge in the field. With our advisory and support, we will make sure your business reaches the heights which your competitors think unachievable.

We provide the following services:

• Management Consultancy Services
• Business Feasibility Study
• Mergers & Acquisitions
• System implementation and Design
• IT Consulting
• Risk Consulting
• Deal Advisory
• Accounting Software Selection
• AML Consulting

From 1st January 2018, Value Added Tax (VAT), which is an indirect tax system, has come into effect in the UAE, and Saudi Arabia. Other members of the Gulf Cooperation Council (GCC) made some delays in its implementation. Qatar and Bahrain brought this system into effect from 1st January. Kuwait has postponed it to the year 2021. This implementation was a call for VAT consultants in Dubai to make the companies aware of the implementation process. N R Doshi and Partners own such experienced consultants who had provided implementation to several clients who remain satisfied.

In this VAT system, 5% of the goods and services’ price is charged as the tax on every stage of the supply chain. There are a few goods and services on which 0% VAT is charged. Besides this, a few are wholly exempted from the taxation system. Therefore, your industry will be placed amongst any of these three categories based on the VAT system- on which 5% VAT is charged, 0% VAT is charged, and VAT is exempted.

N R Doshi & Partners has worked with multiple industries. We aim to provide you with a VAT ready model specific to your industry. Our tax consultant the UAE calculates the impact of VAT implementation on your business by studying the previous profit, maximum retail price, consumer base, etc., and relating it with the current attributes.

This will let us create plans by which you can achieve the profit which you previously had when your company didn’t need to pay taxation. This is done with keeping your business compliant with the rules and regulations of your country. Being one of the most reputed VAT consultants in UAE, we also make sure that your consumers have a minimum effect from this change. This is crucial as improper implementation may harm the user base.

Increment in the revenue collection is the primary reason why VAT is introduced. As there is a considerable drop in oil prices, the UAE planned to lesser down its dependency on oil companies for revenue generation. With this, the oil company’s revenue share will be minimized, but the quality of public service remains the same.

A criterion for registration is also defined based on the annual turnover of the company. If the company’s revenue is more than AED 375,000/- per year, then VAT registration is mandatory. In case, if the business generates income between AED 187,5000/- and AED 375,000/-, then it is optional to register it under the UAE VAT Law.

Furthermore, if the revenue is lesser than AED 187,500/-, the company requires no registration under this law.

Our services include:

• VAT registration
• VAT return filing
• VAT training and implementation services

Unbeatable Account Outsourcing Services

Accounting consumes a lot of human resources and requires a lot of effort to be appropriately maintained. Therefore, in case you wish to eliminate this effort, you can take advantage of our account outsourcing services and lessen down your burden.

When you provide the power to someone for maintaining your accounts, the agency must be trustworthy. As N R Doshi & Partners is the members of DFK International, which is the 8th largest organization of independent accounting and auditing firms, we own reputation, work experience, and contacts all over the world.

We, as one of the top accounting services in Dubai, have served numerous companies situated in free zones in UAE; we are the best experts in the local market. These markets are composed of several industries (Retail, Hospitality, Jewelry, Real estate, and infrastructure, etc.), and we have worked with all of them. Therefore, if your company is located in UAE, you won’t get a better accounting firm than N R Doshi & Partners.

We have a keen knowledge of international accounting standards, and we follow them without compromise. For all your accounting and bookkeeping services in Dubai and other emirates, we own solutions.

Proficient HR Outsourcing Services

The human resource department plays a vital role in delivering stability to the company. As it manages all your employees, the productivity of your business highly depends on the Human resources department.

The department deals with the benefits and compensation management of the employees. Through the payroll process, the department makes sure your human resources get the exact payment according to the leave, bonuses, etc.

We form employee policies for the companies according to which the human resource function. The primary advantage of having a fixed policy provided for both parties is; employee and employer functions according to the written policies and procedures and the amount of guesswork is kept at a minimum.

Furthermore, we conduct human resources recruitment for your business irrespective of its sector. Our vast network makes us one of the top recruitment agencies in the UAE. We make sure that the profile of the proposed candidate matches precisely with your requirements. In case you need to conduct training for your current employees or hired employees, we provide industry-specific training programs.

N R Doshi & Partners is one of the bookkeeping and accounting firms in Dubai, whose target is to provide cost-effective business solutions to all its clients. Our financial planning is designed according to your business model, which would help your business to grow exponentially.

As we own the title of one of the best accounting firms, we make sure that our financial advisor team consists of an experienced financial analyst and financial consultant. We assist businesses in handling their accounts and finance so that they can lower down their burden to us and focus on growing their business.

From inventory management to preparation of cash flow statements, we perform each task required for the smooth functioning of your business.

As we come amongst the best accounting firms, we make sure to maintain your accounting system compliant with the international as well as domestic laws and regulations. There are a very few accountants and auditors in Dubai who are proficient enough to maintain such high standard compliance.

Dubai is establishing its name as one of the world’s largest financial centers in the world. We work tirelessly to strengthen it. Thinking of a larger picture, the whole UAE has the potential for economic development, which would contribute a lot to the country’s growth. Keeping this in mind, we have established another office for accounting and finance in Abu Dhabi.

If we give a briefing of our services:

Our accountants in Dubai offer a manual as well as computerized accounting service depending upon the customer requirement. Our highly qualified accounting experts in Dubai and Abu Dhabi are the gems which other accounting firms in Dubai and Abu Dhabi don’t have. These experts have profound knowledge about manual accounting as well as accounting through software programs such as QuickBooks, Sage, Tally, etc. We create monthly and yearly financial reports which are supervised by CAs and CPAs of our company.

We provide:

• Basic bookkeeping services
• Cash flow and forecasting services
• Account reconciliation services
• Intercompany reconciliation services
• Updating backlog accounts services

We are one of the prominent consultancies providing company formation in Dubai and other emirates of UAE. We also offer business setup in Dubai, Abu Dhabi, and all other emirates. Federal Government governs company registration in UAE. Therefore, at the time of setting up a business, one must make sure it is compliant with all rules and regulations, own all the required licenses, and has permits related to their specific industry. You will find multiple business setup consultants in Dubai and other parts of UAE, but a very few will own the efficiency in all three types of company formations: LLC company formation, Free Zone company formation, and Offshore company formation.

We believe that to win the race, one must run strategically. For that reason, we focus on a start that keeps moving your company forward in a continuous fashion. Whether you are an entrepreneur or an experienced businessman, we will render you with unparalleled service and exceptional guidance.

In order to promote commerce and company setup in UAE, the government offers the most liberal and attractive business terms for the companies. Keeping that in mind, we have designed our business setup service in UAE, which efficiently aids international companies who wish to establish a financial relationship with the UAE. It will help the company by providing on-the-spot presence, easy reach to the market, facile contact generation, and handling domestic & international transactions. Our excellent team even offers exclusive solutions for companies you wish to start in Dubai free zones.

• LLC company formation
• Free zone company formation
• Offshore company formation

How N R Doshi & Partners can be helpful for you?

01. We will find out a trustworthy local national who can act as a sponsor.

02. Assist you in recognizing the most suitable location for your company.

03. We will guide you through all the licensing and approval processes.

04. If you face issues related to opening bank accounts, we will help you to get through it.

05. We will arrange residence visas for your investors and company employees.