Dar Al Hesbah Group Dar Al Hesbah Management Consultancy Est. Al Hesbah Accounting & Audit Est
DAH is helping organizations reduce risk when everything seems uncertain. Scrutiny from industry regulators and pressure from stakeholders to limit risk are unprecedented
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DAH is helping organizations reduce risk when everything seems uncertain. Scrutiny from industry regulators and pressure from stakeholders to limit risk are unprecedented.At DAH, our risk advisory consultants provide customized risk management advice to the boards of directors.Our risk advisory services combine in-depth industry experience, a collaborative, risk-based approach and flexible options — all designed to minimize risk without stifling legitimate growth opportunities. DAH Risk and Advisory Services – Including:
Audit & Assurance Services 
Services. Audit quality is vital for maintaining trust in the financial reporting process and is essential to the growth of financial markets.
The Internal Audit function is a vital part of an organization's sustained growth and is critical to its success. Based on our experience, we understand that your internal audit needs depend on your organization's size, complexity, scope of activities, and risk profile. DAH's Internal Audit Group can provide assistance in supplementing or developing your internal audit function so it meets the needs of your Board of Directors, Audit Committee, and management. DAH's internal audit approach is focused on adding value, evaluating risk management, identifying recommendations for improvement in the effectiveness and efficiency of operations and key processes, and providing feedback on the governance process. Our certified professionals review management's current practices and provide feedback regarding the integrity of information, compliance with policies and regulations, safeguarding of assets, economical and efficient use of resources, and established goals and objectives. Our goal is to be proactive in identifying issues, control concerns, and procedural changes that will assist you in reaching your organization's objectives. In addition to providing management with efficiency and effectiveness recommendations, internal audit can also assist the Audit Committee in fulfilling its responsibilities. From assisting in risk assessments to identifying areas of concern/special projects, management can better ensure it is fulfilling its responsibilities by supporting and working with an effective internal audit function. Development and adoption of adequate systems of internal controls do not just rest with management. Internal audit is a tool for the Audit Committee as it performs its fiduciary responsibility and oversight.
DAH professionals identify gaps in processes and internal controls, allowing organizations to proactively manage and mitigate capital project and contract risks. A successful capital project or complex contract requires a clear understanding of costs and requirements, as well as effective processes and internal controls for ensuring that deviations from the original scope are managed as efficiently and effectively as possible. In today’s dynamic environment, many organizations struggle to apply a consistent approach to managing their capital projects and contracts. They also lack insight into how well employees are adhering to existing processes and internal controls. These challenges are characterized by:
DAH’s professionals partner with you to build and implement best-in-class processes, procedures and systems which ensure better control. We conduct independent assessments of processes and controls associated with the initiation, planning, execution, monitoring and completion of capital projects and complex contract activities. We have a proven methodology to analyze and document processes, risks and controls, identify and document control gaps, and recommend remediation plans to improve your capital project and contract management processes. We also identify process linkages to key technology enablers such as project and contract management, accounting, and procurement systems, and train internal staff to ensure adoption.
A review is significant less in scope than an audit. In a Financial Statements review, we establish an understanding of a business’ organization, operating characteristics, types of transactions, assets, liabilities, compensation, and related parties. We obtain evidence for significant items in management-prepared financial statements through inquiry and analytical procedures. A review provides limited assurance to users of the financial statements that the accountant is not aware of any reporting problems. A review may be useful to bankers, vendors, and other third parties who are familiar with your business, and would like some assurance from an external CPA for decision-making purposes.
Complying with the complexity and impact of regulations requires an integrated approach that leverages existing enterprise infrastructure and provides a path forward for compliance, combined with continuous financial and operational improvement. These requirements are supported by properly designed governance structures that provide clear definitions for requirements, guidance, authorization, responsibility, controls and communication related to regulatory compliance. The DAH Consulting team has the experience and expertise to help clients develop governance frameworks, conduct internal audits to assess needs and effectiveness, and to understand, manage and comply with specific requirements of each regulatory program. Our team of regulatory executives is often involved in regular review and oversight to ensure that our client organization is continually meeting its governance and compliance objectives.
Regardless of size, all organizations are vulnerable to many major, but somewhat controllable, risks. Those risks include business disruption events, fraud, theft, crime, security risks and more. Often times, losses from such risks can continue undiscovered for years. However, once uncovered, the financial impact can be devastating. We offer a wide variety of customized compliance advisory services to help distribution partners identify and mitigate their compliance risks. Our services include compliance training, risk assessments, advertising, operational processes, sales practice issues, suitability, and more. Let us focus on your compliance needs, so you can focus on the long term success of your business!
Managing risk within an organization is a critical component to achieving success. Whether your goal is to determine compliance with applicable policies, laws or regulations; evaluate the efficiency and effectiveness of operations or processes; identify your organization’s key risks; or prevent fraud, DAH has a depth of resources to provide value-added control and risk advisory services to help your organization identify, understand and manage your risks. Our team combines extensive experience in, internal controls, risk management, regulatory compliance and computer technology to provide organizations with a full range of control and risk advisory services including internal audit, risk assessment facilitation, information technology audit and attest services, compliance reviews, policy and procedure evaluation/development, and agreed-upon procedures engagements. Our professionals can help you to evaluate controls, perform testing, and recommend control enhancements to mitigate your overall business risk. In addition, our team can assist with Public Assistance Claims Reimbursement preparation, including accumulating documentation and reports for accuracy, preparation of reimbursement requests, and reconciling data prepared for submission Our experienced team takes time to understand the client’s industry, business, reporting and control systems. This enables us to identify the key operational and risk areas to which a business is exposed. We are then in a position to develop a structured approach to risk identification and control which fits within the owner and management's overall objectives and general infrastructure, thereby providing a cost effective solution.
We provide analysis, consultancy, facilitation, mentoring, training and coaching services that transform corporate culture, enhance staff wellbeing and performance, and prevent work related stress. DAH advisory professionals provide also advice and guidance to enable companies, intermediaries and public sector bodies to reduce risk, improve performance, and create value. DAH Advisory provides a wide range of risk advisory and financial advisory services that can help clients respond to immediate needs as well as put in place the strategies for the longer term:
When facing fraud, companies require forensic and investigative services that are discreet, responsive and completely trusted in the results delivered. That is why clients confronting suspected fraud turn to DAH to reconstruct and analyze accounting, business and other records. DAH professionals reveal essential facts and provide comprehensive insight and analysis relating to financial fraud, its detection and prevention. They also bring a high level of technical prowess to their forensic work, applying a comprehensive understanding of statutory and common law and rules of evidence throughout their investigation, opinions and testimony. DAH Professional Consulting provides a wide range of risk advisory and financial advisory services of Fraud, Forensic and Investigative Services include:
DAH resolves a wide range of special assignments in response to the unique, threatening and problematic situations which often develop within Corporations, Banks and Financial Institutions, Law Firms and Insurance Companies. DAH Special Assignment Investigation services include:
To keep abreast of potential risks, internal auditors need to monitor the status of recommended action plans. In a perfect world, audit clients would implement internal auditors' recommendations after every engagement, leaving no doubt as to the status of prescribed actions. But in the real world, of course, competing priorities, budget limitations, and other factors often prevent clients from putting recommendations in place. Significant risks may remain unaddressed, exposing that particular area — or even the whole organization — to potential harm. According to the IIA's Performance Standard 2500: Monitoring Progress, the Chief Audit Executive (CAE) needs to establish and maintain a system that monitors the status of audit results. An advisory associated with this standard, Practice Advisory 2500.A1-1, further states, "The [CAE] should establish a follow-up process to monitor and ensure that management actions have been effectively implemented or that senior management has accepted the risk of not taking action." To comply with professional standards, then, audit departments need to perform follow-up work. But how formal should the process be? What documentation should be created, and to whom should the results be communicated? How often should follow-up occur? Although these are all questions the CAE must answer, auditors at every level of the department also need to understand the process in the event they are enlisted to participate in follow-up engagements. DAH professional consultants and auditors needs to determine how often follow-up procedures should be conducted. While the appropriate frequency may differ depending on organizational culture, follow-up work generally should be performed often enough to provide the upper management, and the board assurance that issues and associated risks identified in the audit findings are mitigated adequately. As a rule of thumb, internal auditing should perform follow-up procedures at least twice a year.
Organizations often outsource services to vendors to assist with accomplishing their business objectives for reasons such as cost reduction, third party experience, a more economical or efficient labour source, as a supplement to existing resources, increasing customer reach and scalability, or enhancing access to new technologies or a known brand. While there are numerous benefits to using outsourced service providers, there are also several risks that need to be considered, including but not limited to: vendor agreements that are not in compliance with your organization's policies and procedures, service levels that are inadequate or unsatisfactory, overcharges for inefficiencies or services not performed, inability of a vendor to fulfil its contractual obligations, and loss of confidential information. DAH's Control and Risk team can work with your organization to assist in evaluating compliance with selected contract terms and conditions, including vendor compliance with your organization's contracts and your organization's compliance with third party contracts. Our approach includes working with your organization to co-develop the scope of the review based on the risk factors most important to you; this could include performing an analysis to determine which contracts are most appropriate to review (e.g., based on risk, complexity, vendor spend, and other criteria). Benefits
The most common type of insolvency procedure is liquidation (or winding up) of a company. DAH offer a professional Insolvent liquidation service that is appropriate where there are insufficient assets to pay creditors in full and the liquidator will realize all of the company's assets and distribute them in the prescribed order of priority. It may be the end of the road for the company, but that it does not necessarily mean it is the end of the business of the company. We provide liquidation services for all entities - limited liability companies, free zone companies and offshore companies across the UAE and globally. We also assist in the preparation of Board resolution, power of attorney, audit report, liquidator’s statement etc., which are mandatory documents required for liquidation.
Supervise the on-going and liquidation specific accounting requirements Outsourcing Accounts and Finance Dept. 
Our strength lies in our ability to provide you with year-round planning for your financial and business affairs. If you are looking for a trustworthy and reputable accounting firm, be assured that Financial Accounting Services will handle your affairs with strict confidentiality under the highest standards of the accounting profession, as we have for over 20 years.
This service was developed to enable clients to engage us to prepare financial statements when a compilation, review or audit was not needed. DAH conducts all accounting and reporting engagements in accordance with professional standards and in compliance with the IFRS’s Code of Professional Conduct, including the ethical principles of integrity, professional competence and due professional care.
Management reports are critical to the assessment of the potential problems, or achievements of a business. We know from experience that having good information is important, which is why we are on hand to help strategize and review. As an added value to our full range of services, DAH Consulting offers management reporting services to its valuable clients. Management reporting is invaluable to many of our clients, enabling them to assess expenditures related to a matter, recognize areas for cost containment, and allocate budgets and track spending for a case. Our primary mission is to deliver accurate and sophisticated reporting services precisely designed to each individual customer’s specifications. Our Management Reporting services include;
DAH Bookkeeping Services are focused on reducing the finance and accounting costs of our clients by helping them with their management and accounting needs. DAH personalized and professional onsite/online bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers' virtual back office for all their bookkeeping and accounting work right from set-up, support, maintenance and consultancy with accounting. DAH has proficiency across all the major accounting software used in the industry for bookkeeping services, such as QuickBooks, Quicken, Peachtree, Sage Accounting, MYOB, Business Vision & Simply Accounting. DAH dedicated team of well-trained accountants and professionals who can quickly adapt to customers' specified software and processes, and at the same time ensure quick turnaround time and quality standards.
It’s time to save time on your payroll processing. To succeed in a world with greater time demands and leaner profit margins, we must find alternatives to the way we do business. One alternative is to simplify the work environment by outsourcing non-core functions, such as payroll. DAH Payroll Management has been serving the payroll needs of small and midsize companies since 2008. Whether you’re a one-person company or you employ several hundred, time is valuable. Payroll Management guarantees you will save time by reducing the hours spent producing payroll information and preparing payroll registers, quarterly, and year to date payroll reports. Payroll Management can help you avoid penalties for miscalculations. We offer individual solutions to your payroll problems, allowing you to stay focused on your success. Information Technology Advisory 
DAH Technology & Systems Assurance (TSA) team can provide you with an independent view of the technology risks that you face and the adequacy and effectiveness of the controls you have in place over the confidentiality, integrity and availability of your systems and data. We can also provide you with access to automated assessment tools and comparisons with industry best practice; allowing you to assess how effectively you are managing your IT systems. Typically our work is focused on the following areas:
We offer our support & advisory services of:
DAH offers comprehensive ERP advisory services that will enable alignment of the program with your business strategy. We offer a flexible and bespoke assurance service which covers the following services:
1. GRC - Governance Risk & Compliance; 2. Pre and post implementation reviews; 3. Risk & Controls Assurance; 4. Security & Access Controls; 5. Data Quality Management; 6. Business Process reviews; 7. ERP outsourcing arrangements review; 8. ERP product and vendor selection; and Training to internal auditors and end users. • IT governance and management procedures • IT based controls in business applications • Implementations of new systems • Network security testing. • IT elements of industry regulation and compliance
We offer a Technology Risk and Advisory service which covers the following services:
Who We Serve What characterizes our clients is their lack of complacency. They are Vice Presidents, Directors and Managers who are committed to take their organizations to new levels of achievement and impact. They come from a broad range of industries. The areas of functional responsibilities of these executives and managers are likewise diverse: Manufacturing, Marketing, Finance, Customer Service, Legal, Human Resources, Information Technology, Research & Development..., What they have in common is not their organizations’ backgrounds but their managements’ vision and commitment. Dar Al Hesbah Group Maximizing the Impact of Collaboration: Clients are most successful working with us when:
 
It's our people who make the difference. Dar Al Hesbah Group recruits, develops and retains the most understanding, analytical and creative minds, fostering their development in a way that enhances their value to our clients, to themselves and to our firm. Our people are our most valuable asset, and with our processional experts & consultants of different nationalities and a wide range of educational and professional backgrounds, we offer a diverse and international working environment. We strive for complete client satisfaction and practice what we preach. Dar Al Hesbah Group is completely INDEPENDENT. We work with organizations to ensure that the audit, advice, consultancy and technology briefs are relevant, timely and accurate. 
Our Formula For Success: 
Comprehensive analysis, creative strategies and reliable solutions are the hallmark of a truly top-class consulting firm. Excellence: Yet mental agility and the will to think – and realize – the unthinkable are equally vital. Excellence is therefore an imperative for each of our processional experts &consultants. Entrepreneurship:
To us, entrepreneurship is primarily about business success – and about the willingness to assume responsibility in order to achieve it. That means working independently, taking risks, and exploring unconventional ideas. Only then can we add exceptional value for our clients. This entrepreneurial mindset is part of Dar Al Hesbah Group corporate DNA. It has been there ever since the company's founding. Yüklə 229 Kb. Dostları ilə paylaş:
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