Assurance services for Not-For-Profit (Non-Profit) Organizations
Not-For-Profit Organizations or non-profit organizations are entities that do not operate to earn profit for their owners. All the revenue earned by a non-profit organization is used in pursuing the organization’s objectives and keeping it running. Regular audits are vital for such organizations as it ensures the compliance of the governing principles and completeness and accuracy of the financial statements. Apart from providing a fair assessment of the organization’s financial health, Audit of a non-profit organization can also reveal the vulnerabilities such as weak internal controls, insufficient cash reserves and inadequate investment policies etc.
HLB HAMT has a well-experienced team to serve such non-profit organizations on their audit and assurance requirements. We are currently serving many clients in this sector, which are registered with Global Organizations, Governments, and the Real Estate Regulatory Authority (RERA), DIFC, Economic Department, and several local Donor/Funding agencies.
Auditing and Technology
COVID-19 has brought in tremendous changes to every sector across the world. Many businesses had to shut down, while the remaining shifted to digital or online business.
Auditing in UAE
Auditing is quite a complex process, that demands immense hard work and dedication. Here we will discuss in detail about the auditing process in UAE.
Auditor’s risk assessment during COVID-19
COVID-19 has ceased the flow of businesses and has caused a tremendous effect on the economy. The disruption in the business has forced people to adopt new