QNA Auditing and Accounting

BACKGROUND

Please describe your company and position.

I am the CEO of bm limo

Describe what your company does in a single sentence.

Q N A Auditing and Accounting established in 2014, specializes in delivering tailored auditing and accounting services designed to meet the diverse needs of businesses across various sectors. Our firm understands the complexities of local business environments and regulatory requirements, offering tailored solutions that meet our clients’ specific needs. With a commitment to accuracy, transparency and integrity, we aim to build long-lasting relationships that foster trust and confidence in our services and empowering clients to make well-informed decisions.
We offer customized solutions designed to enhance the financial health of organizations while promoting sustainable growth. By prioritizing integrity and excellence, Q N A positions itself as a trusted partner for organizations seeking reliable financial oversight and strategic guidance in an increasingly complex business environment.
Mission Statement:
Our mission is to provide exceptional auditing and accounting services that empower our clients to achieve their financial goals while ensuring compliance with local regulations. We are driven by a deep commitment to enhancing the financial health of our clients, ensuring they have the insights needed to make informed decisions. Our expert team is dedicated to providing personalized auditing and accounting solutions that not only ensure compliance but also foster growth and transparency. We believe that every organization deserves a trusted partner in their financial journey, and We strive to cultivate lasting partnerships built on trust, transparency, and integrity, constantly adapting to the changing dynamics of the financial sector in the Middle East.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire QNA Auditing and Accounting to accomplish?

• Accounting Service
• Auditing Service
• Tax Consultancy
• Free Zone Company Setup
• Management consultancy

SOLUTION

How did you find QNA Auditing and Accounting?

Online Search

Why did you select QNA Auditing and Accounting over others?

Professional Staff

How many teammates from QNA Auditing and Accounting were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Scope of Work – Q N A Auditing and Accounting
At Q N A Auditing and Accounting, we provide comprehensive financial services designed to support businesses in achieving transparency, compliance, and sustainable growth. Our scope of work covers a wide range of accounting, auditing, taxation, and consultancy services, customized to meet the diverse needs of clients across different industries in the UAE.

 
Our Scope Includes:
1. Accounting Services
Bookkeeping and ledger maintenance (manual and cloud-based)
Preparation of financial statements (monthly, quarterly, annual)
Accounts payable and receivable management
Bank reconciliation and cash flow management
Payroll processing and WPS compliance

2. External & Internal Auditing
Statutory audits in compliance with UAE laws and international standards (IFRS)
Internal audits to assess internal controls and operational efficiency
Risk-based audits and forensic audits
Issuance of audited financial reports for banks, free zones, and regulators

3. Corporate Tax Consultancy
Corporate tax registration and filing
Assessment of tax liability and compliance planning
Business structuring to minimize tax exposure
Advisory on taxable income calculations and deductibles
Representation during FTA audits and queries

4. VAT Services
VAT registration and de-registration
Filing of VAT returns and ongoing compliance support
VAT impact assessment and implementation
VAT audit assistance and record-keeping

5. Management Consultancy
Budgeting and financial forecasting
Business performance analysis and KPI reporting
Cost control and profit optimization strategies
Assistance with mergers, acquisitions, and restructuring

6. Company Formation Services
Business setup in UAE mainland and free zones
Documentation, licensing, and approvals
PRO services and ongoing compliance support

Key Deliverables
Accurate and timely financial reports
Statutory audit reports in compliance with IFRS and UAE regulations
Corporate tax and VAT filings as per FTA requirements
Advisory reports with actionable financial and compliance insights
Internal audit findings and risk mitigation plans
Legally compliant company formation documents and licenses
 
With a commitment to integrity, transparency, and personalized service, Q N A Auditing and Accounting acts as a strategic financial partner to help you make informed decisions and ensure long-term business success.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Measurable Outcomes That Demonstrate Success
At Q N A Auditing and Accounting, we focus on delivering results that directly contribute to our clients’ financial clarity, compliance, and growth. Below are some key measurable outcomes from our projects that demonstrate our impact:

 
✅ Improved Financial Accuracy
Reduction in accounting errors by up to 85% through the implementation of standardized bookkeeping systems and real-time reporting tools.
100% compliance with IFRS standards across audited clients, ensuring trust and credibility with banks, investors, and stakeholders.
 
✅ Tax Efficiency and Savings
Helped clients save up to 20–30% on tax liabilities through legal corporate structuring and deductions under UAE Corporate Tax regulations.
Achieved on-time tax filing rate of 100%, reducing the risk of fines and penalties from the Federal Tax Authority (FTA).
 
✅ Operational and Risk Improvement
Conducted internal audits that led to the identification and correction of over 50+ control weaknesses, improving overall risk management and internal governance.
Enabled 25% faster decision-making for management through customized financial dashboards and KPIs.
 
✅ Business Setup and Expansion Support
Successfully assisted over 100 companies in setting up legal entities in UAE mainland and free zones, with full compliance and license approvals.
Reduced company setup time from average 4 weeks to just 10 working days for eligible clients due to streamlined processes and strong PRO network.
 
✅ Client Satisfaction and Retention
Maintained a client retention rate of 95% over the past 3 years due to high-quality service and personalized advisory.
80% of new clients acquired through referrals—proof of trust and satisfaction from existing partners.
 .

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Project Management & Client Responsiveness
Q N A Auditing and Accounting demonstrated excellent project management throughout the engagement. From the initial consultation to the final deliverables, their team followed a well-organized and transparent workflow.

On-Time Delivery
- All reports, tax filings, and audit documentation were delivered on or before the agreed deadlines.
- Time-sensitive tasks, such as VAT returns and corporate tax registrations, were handled promptly and without delays, ensuring compliance with UAE regulations.

Structured Workflow
- The team followed a clear project timeline, with milestone-based progress updates.
- Tasks were tracked using professional tools and were supported by regular communication, ensuring we always knew the status of our project.

Responsiveness & Client Support
- Q N A was highly responsive to our needs—queries were answered within 24 hours, and in most cases, much sooner.
- Whenever unexpected issues arose, the team provided immediate support and practical solutions to keep the project on track.
- Their consultants took time to understand our business model and offered customized financial strategies that truly aligned with our goals.

Client-Centric Approach
- We appreciate their flexibility and willingness to adapt to changes, whether it involved modifying the scope or fast-tracking urgent items.
- They maintained a proactive approach, often identifying potential compliance risks or financial inefficiencies before we even noticed them.
 
Overall, the project management experience with Q N A was professional, timely, and supportive—ensuring our business needs were not only met but exceeded.

What was your primary form of communication with QNA Auditing and Accounting?

Email or Messaging App

What did you find most impressive or unique about this company?

What Sets Q N A Auditing and Accounting Apart?
What stood out most about Q N A Auditing and Accounting was their deep understanding of UAE’s regulatory landscape combined with a genuinely client-centric approach. Unlike many firms that offer cookie-cutter solutions, Q N A took the time to understand the unique structure and goals of our business, delivering advice that was both strategic and practical.

Most Impressive Aspects:
* Proactive Advisory: They didn’t just respond to problems—they anticipated them, offering preventive solutions that saved us time, money, and compliance risks.

*Local Expertise, Global Standards: Their work reflects a perfect blend of UAE regulatory expertise and adherence to international standards (IFRS, FTA guidelines), giving us confidence in every report and recommendation.

*Exceptional Communication: Their team was highly accessible, clear in their explanations, and always willing to go the extra mile to ensure our understanding.

*End-to-End Support: From accounting and tax advisory to audit readiness and company formation, Q N A acted as a one-stop financial partner—eliminating the need to coordinate between multiple vendors.
 
In a market where many firms focus on transactions, Q N A focuses on relationships—that’s what makes them truly unique and valuable.

Are there any areas for improvement or something QNA Auditing and Accounting could have done differently?

Areas for Improvement
While Q N A Auditing and Accounting delivered excellent service and demonstrated strong expertise, like any professional firm aiming for continuous improvement, there are a few areas where they could further enhance the client experience:

• Enhanced Digital Integration
  Although communication and reporting were smooth, introducing a dedicated client portal or dashboard for real-time updates, document uploads, and progress tracking would further streamline collaboration—especially for clients managing multiple services simultaneously.
• 
  More Visual Reporting
  Financial and audit reports were accurate and well-prepared, but the addition of more visual insights (graphs, KPIs, trend analysis) could make it easier for non-finance stakeholders to digest complex data and make quicker decisions.
  
  
• Faster Onboarding for New Clients
  The onboarding process was thorough, but for first-time clients or startups, a step-by-step onboarding guide or a checklist could help clarify initial expectations and reduce the learning curve.
  
  
•  Educational Content or Workshops
  Offering occasional client webinars, tax updates, or short training sessions on topics like UAE Corporate Tax or VAT changes would add even more value and position Q N A as a thought leader in the industry.
   
  These are small suggestions in the context of an otherwise highly professional and well-managed firm. With these enhancements, Q N A Auditing and Accounting could further elevate its already strong client service and digital capability.