How should a business owner handle an External audit?
If you are a business owner, you need to make sure of certain essentials that are to be maintained before an external audit takes place. Proper Documentation : Documentation plays…
What is included in GSPU’s Feasibility report?
Check out the sections in your Business Feasibility report !!!A feasibility report is a document that evaluates the potential success of a proposed project or business venture. The specific points…
Accounting system analysis: Harnessing Technology for Financial Success
Oman’s competitive business landscape demands a business to formulate a strategic move of adopting a proper Accounting system analysis, which helps the firm in achieving financial excellence. It enables the…
What are the Benefits of GSPU’s External Audit Services?
An external audit is usually conducted by a third person and thus is much more unbiased. A company can avail of many benefits while conducting an external audit availing GSPU’s…
Need to upgrade your business audit processes to use the newest technologies?
Is it crucial to choose an auditor who is aware of the latest technology? The world of business is a changing phenomenon. The dynamic only gets more intense as technology develops.…
Is a feasibility study report essential for running a business?
What is a feasibility study?Feasibility study can be defined as a preliminary evaluation of a potential project to determine its viability and merits. It provides an independent assessment which helps…
WHY DOES A COMPANY REQUIRE AN EXTERNAL AUDIT?
Conducting an external audit can provide a company with several advantages. The most important of these advantages is that a third-party analysis of our organization would offer a fresh viewpoint…
Is VAT compulsory and applicable for your business in OMAN?
Check out the registration procedures!!! On April 16, 2023, Value Added Tax (VAT) will be implemented in Oman. It will be applied to companies with a yearly revenue of OMR…
What are the most common VAT challenges for businesses?
VAT Registration: One of the primary challenges that businesses face is understanding the VAT registration process and meeting the requirements for registration. This includes understanding the thresholds for registration, how…
RELEVANCE OF EXTERNAL AUDIT IN RUNNING A BUSINESS
The advantages of undertaking a business external audit are numerous. Some common benefits are listed below: 1.External Audit is useful when it comes to understanding the business:All the information regarding…
