A major auditing firm in Dubai, United Arab Emirates, has announced accountant vacancies, preferably Indian nationals with experience working in the Gulf in preparing accounts.
Details of the accounting vacancies in Dubai at the auditing firm can be found in the information, details, conditions, and application process shown below:
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Job Vacancy Details:
Accountant, Indian male, with 3-5 years Gulf experience in finalization of accounts, audit, UAE VAT, knowledge of accounting software Peach Tree, Tally & communication skills, required urgently for an Audit firm in Dubai.
Job Applications:
Email CV to: eimdxb11@gmail.com
Accountant Job Duties
An accountant is a financial professional who manages, analyzes, and reports on a company's financial transactions. Their duties are essential for a company's financial health and stability, and they can vary depending on the size of the company and the specific area of accounting.
Here is a general overview of common accountant job duties:
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Financial Record Management and Reporting:
Bookkeeping: Managing day-to-day financial transactions, including accounts payable and accounts receivable.
Reconciliation: Examining bank statements and general ledger entries to ensure accuracy and resolve discrepancies.
Financial Statement Preparation: Creating and publishing financial reports, such as balance sheets, profit and loss statements, and cash flow statements, on a monthly, quarterly, and annual basis.
Budgeting and Forecasting: Assisting with the creation of budgets, analyzing variances, and preparing financial forecasts to help management with decision-making.
Compliance and Auditing:
Tax Preparation: Computing taxes, preparing tax returns, and ensuring timely payments and compliance with tax laws.
Auditing: Conducting internal and external audits to verify the accuracy of financial information and ensure compliance with regulations and accounting principles like GAAP (Generally Accepted Accounting Principles).
Internal Controls: Developing and implementing accounting policies and procedures to maintain strong internal controls and safeguard company assets.
Financial Analysis and Strategy:
Data Analysis: Analyzing financial data to identify trends, pinpoint areas of revenue generation or loss, and assess the overall financial health of the company.
Strategic Advice: Providing financial insights and recommendations to management to support strategic business decisions, cost reduction, and profitability.
Risk Analysis: Performing risk assessments to help the company mitigate financial risks.
Additional Responsibilities:
Payroll Management: Handling payroll functions and expense tracking.
System Management: Working with accounting software and ERP systems to manage financial data.
Mentorship: In larger companies, supervising and mentoring junior accounting staff.
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Auditing is a systematic and independent examination of a company's financial records, operations, or other processes to determine whether they are accurate, fair, and in compliance with relevant rules, regulations, and standards. The primary goal is to provide an objective opinion on the subject matter, thereby enhancing the confidence of stakeholders, such as investors, creditors, and the public.
Here's a breakdown of what that means:
Systematic Examination: Auditing is not a random check. It follows a structured, methodical process to collect and evaluate evidence.
Independent: The auditor must be free from any bias or influence from the entity they are auditing. This independence is crucial for the credibility of the audit report.
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Verification: Auditors review financial statements, documents, and internal controls to verify that the information is reliable and free from "material misstatements," which are errors or omissions significant enough to influence the decisions of users.
Providing an Opinion: After the examination, the auditor issues a report with a professional opinion. For a financial audit, this opinion states whether the financial statements present a "true and fair view" of the company's financial position in accordance with a specific framework, such as Generally Accepted Accounting Principles (GAAP).
Types of Audits
Auditing isn't limited to just financial records. There are several types of audits, each with a different focus:
External Audits: These are conducted by an independent, third-party auditor, such as a Certified Public Accountant (CPA) firm. External audits are often required for public companies to assure investors that their financial statements are reliable.
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Internal Audits: These are performed by a company's own employees. Internal auditors evaluate a company's internal controls, risk management, and governance processes to help improve the organization's efficiency and effectiveness.
Tax Audits: These are conducted by government agencies (like the IRS in the U.S.) to verify the accuracy of a person or company's tax returns.
Compliance Audits: These audits review an organization's adherence to a specific set of rules, regulations, policies, or laws.
Operational Audits: These focus on evaluating the efficiency and effectiveness of a company's operating procedures and processes.
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