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Saif Chartered Accountants

Saif Chartered Accountants established in 1999, is a progressive medium sized audit firm in UAE helping clients to accomplish their business interests and financial goals towards growth and profitability.

We provide quality accounting, auditing and consulting services in the United Arab Emirates. For over a decade, Saif Chartered Accountants has been providing superior service through the expertise of its professional team with its firm’s presence in both Dubai and Sharjah. Our motivated and professional staffs that are qualified and immensely experienced to cater to the needs of a wide spectrum of clientele from individuals to large organizations, indigenous and international, takes care of our multi-disciplinary practices.

The firm’s proximity to large and fast developing market in India through our established associate offices gives impetus for a significant catering of our services in the region.



Contact Details


Dubai

1106, The Prism,
P O Box 34927, 
Near Business Bay Metro Station,
Business Bay, Sheikh Zayed Road, Dubai, UAE.

Contact

Tel: +971 4 4518600, Fax : +971 4 4518599
Mob: +971 50 8550 765, +971 50 675 9158
Mail: info@saifaudit.com
Web : www.saifaudit.com

Sharjah

P.O. Box 49858
Hamriyah Free Zone, Sharjah.

London

208 Uxbridge Road, Shepherds Bush
W12 7JD, London, United Kingdom
Tel: 0044 7540849488

   

 


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Contact Details

Saif Chartered Accountants
Mr. TK Chandy FCA
Director
Tel: +971 4 4518600
+971 50 8550 765
+971 50 675 9158

Fax: +971 4 4518599
Email:
Web: http://www.saifaudit.com/
34927 Dubai
Accounting & Payroll

Accounting & Payroll

We, at Saif Chartered Accountants also undertake accounting assignments of our clients. Those firms who want to outsource their accounting jobs, payroll services, we undertake the assignment on a contractual basis that may be weekly, monthly or yearly and also compile financial statements and relevant reports. We also undertake backlog accounts and complete them professionally in a timely manner.

Our accounting outsourcing solutions are cost effective and with our efficiency, accuracy, accounting know-how, and identifying the correct software solutions we guarantee complete satisfaction to our clients.

We also undertake preparation of time sheets, muster rolls and pay sheets for firms where the sheer size of the firm makes it difficult to manage in a timely manner.
Our areas of expertise include but not limited to:

Accounting, Bookkeeping, Installation of accounting software, Payroll management, Branch wise and Departmental account setups, MIS reports

Audit & Assurance

Audit & Assurance

Our Audit & Assurance practice is the core of our services. Our vast experience in the profession for more than a decade helps us to offer the best of the industry services to all our clients.

“An audit is the independent examination of financial statements of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon”.

We, at Saif Chartered Accountants, follow the professional approach in planning and executing the audit assignment.

Our plans are made to cover, among other things:

  • To acquire knowledge of the client’s accounting system, policies and internal control procedures
  • To establish the expected degree of reliance to be placed on internal controls
  • To determine and programme the nature, timing, and extent of the audit procedures to be performed; and
  • To coordinate the work to be performed


As a matter of principle and practice, we are determined to obtain sufficient appropriate audit evidence through the performance of compliance and substantive procedures to enable us to draw reasonable conclusions there from on which to base our opinion on the financial information.

Compliance procedures are tests designed to obtain reasonable assurance that those internal controls on which audit reliance is to be placed are in effect.

Substantive procedures are designed to obtain evidence as to the completeness, accuracy and validity of the data produced by the accounting system. The substantive tests include:

  • Tests of details of transactions and balances;
  • Analysis of significant ratios and trends including the resulting inquiry of unusual fluctuations and items.
  • We plan our procedures so as to formulate our review and assessment involves forming an overall conclusion as to whether:
  • The financial information has been prepared using acceptable accounting policies, which have been consistently applied;
  • The financial information complies with relevant regulations and statutory requirements;
  • There is adequate disclosure of all material matters relevant to the proper presentation of the financial information, subject to statutory requirements, where applicable.


We often associate with our clients to know more about their needs, their issues and predicaments. We assist them to evolve a better environment for a fruitful business operation and maintain a sustainable growth as the year’s progress. We usually provide qualitative information to assist our clients to locate key issues in various segments of their industry and suggest remedies

Our main areas of expertise interalia are as follows:

  • Financial Audit, Review and Compilation
  • Implementation of Internal Audit procedures
  • Variance analysis of key areas from business history
  • Performance measurement with industrial/seasonal/ geographical yard sticks
  • Management Audit
Business Advisory & Consultancy

Business Advisory & Consultancy

During your ups and downs, we are here to help you and guide you every step of the way. We help you by giving valuable advice to implement in efficient way and assist in making sure that your plan is carried out in the most cost effective manner.

Our approach combines a rapid diagnosis of the business issues pertaining to our clients with the execution of changes needed. Our area of expertise includes but not limited to:

  • Business Plans
  • Investment/Expansion Planning
  • Risk Management Services
  • Management Support Services
  • Cash Flows and Budgets with Variance Analysis
  • Locating Unwarranted Cost Centers for Cost Savings
  • Computer Applications and Software Selections
  • Business Valuations
  • Mergers and Acquisitions
  • Certificates
Company Formation

Company Formation

Company formation services include agreement drafting & licensing procedures in the UAE, Free Zones and Off Shores. We can arrange the formation and registration of your Limited Liability Company (LLC), or Establishment or Free Zone Company.

We assist you in:

 

  • Drafting Memorandum of Association
  • Checking Name Availability
  • Preparation of First Minutes
  • Allotment of shares/ issue of certificates
  • Notary Attestations
  • Other Procedures of Licensing
  • Some of the benefits of setting up your company in the Free Zones of UAE:
  • 100% foreign ownership of the company
  • 100% repatriation of capital and profits
  • No corporate taxation
  • No personal income and capital taxes
  • No currency restrictions
  • Modern efficient communications
  • Abundant and inexpensive energy supply
  • Simple staff recruitment procedures
  • Competitive freight charges


Free Zones allow international companies to operate out of the UAE and consolidate their international operations. Please contact us to help you get started in the right free zone at the right price.

  • Selection of the Free Zone That’s right for you
  • Complete application processing
  • Meeting with Free Zone officials
  • Selection of the Office, Warehouse or Land for operations
  • Arranging for initial work with Permits
  • We help you to set up business in :
  • Jebel Ali Free Zone, Dubai
  • RAK Free Trade Zone, Ras Al Khaimah
  • Hamriyah Free Zone, Sharjah
  • Khalifa Port and Industrial Zone, Abu Dhabi
  • Other Various Free Zones in Dubai

 

Due Diligence

Due Diligence

Due diligence is the process through which a potential acquirer evaluates a target company or its assets for acquisition.

We, at Saif Chartered Accountants, assist in examining various relevant areas of the target company which includes financial, legal, labor, IT, environment and market situations. The report is intended for use by the prospective buyer for merger, acquisition, privatisation or similar corporate finance transaction.

Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits, labour matters and international contracts and transactions.

Feasibility Studies & Project Appraisals

Feasibility Studies & Project Appraisals

Saif Chartered Accountants specializes in creative solutions for present day business interests. We have professional expertise and experience in identifying, and quantifying the business interests of our clients and make viable projects for the accomplishments of our clients desires.

All feasibility studies conducted by us are used for effective decision support process. We put emphasis on sensitivity analysis and assure that our studies take into consideration the key variables of varied factors of the industry. We follow due diligence in assessing market feasibility, risk analysis and planning.

Our area of expertise includes but not limited to:

  • Feasibility Studies
  • Projections & Forecasts
  • Budgeting Analysis
  • Market Research and Marketing Consultancy
  • Compilation of Complete Project Reports
Free Zone Company Services

Free Zone Company Services

Saif Chartered Accountants provide auditing and ancillary services for Free Zone companies in U.A.E.

We can assist you with setting up your business in the various Free Trade Zones of the United Arab Emirates which include Dubai, Abu Dhabi, Sharjah, Ajman, Ras-Al-Khaimah, Umm-Al-Quwain and Fujairah.

Some of the benefits of setting up your company in the UAE Free Trade Zones are as under:

  • One hundred percent ownership of the company
  • One hundred percent repatriation of capital and profits
  • No personal income and capital gain taxes
  • No company taxation
  • Exemption from import duties
  • No currency restrictions
  • Most modern state-of the-art facilities
  • Abundant and less expensive energy supply
  • Availability of man power and simple recruitment process
  • Competitive freight charges
Internal Audit

Internal Audit

“Internal audit is an independent management function, which involves, a continuous and critical appraisal of the functioning of an entity with a view to suggest improvements thereto and add value to and strengthen the overall governance mechanism of the entity, including the entity’s strategic risk management and internal control system’’ according to the Institute of Chartered Accountants of India (ICAI).

Internal auditing is performed by professionals with an in-depth understanding of the business culture, system, and processes, the internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.

  • To acquire knowledge of the client’s accounting system, policies and internal control procedures
  • To establish the expected degree of reliance to be placed on internal controls
  • To determine and programme the nature, timing, and extent of the audit procedures to be performed; and
  • To coordinate the work to be performed


As a matter of principle and practice, we are determined to obtain sufficient appropriate audit evidence through the performance of compliance and substantive procedures to enable us to draw reasonable conclusions there from on which to base our opinion on the financial information.

Compliance procedures are tests designed to obtain reasonable assurance that those internal controls on which audit reliance is to be placed are in effect.

Substantive procedures are designed to obtain evidence as to the completeness, accuracy and validity of the data produced by the accounting system. The substantive tests include:

  • tests of details of transactions and balances;
  • analysis of significant ratios and trends including the resulting enquiry of unusual fluctuations and items.


We plan our procedures so as to formulate our review and assessment involves forming an overall conclusion as to whether:

We often associate with our clients to know more about their needs, their issues and predicaments. We assist them to evolve a better environment for a fruitful business operation and maintain a sustainable growth as year’s progress. We usually provide qualitative information to assist our clients to locate key issues in various segments of their industry and suggest remedies

Internal auditing activities evaluate risk exposures relating to the organization’s governance, operations and information systems, in relation to:

  • Effectiveness and efficiency of operations
  • Reliability and integrity of financial and operational information
  • Safeguarding of assets
  • Compliance with laws, regulations and contracts
  • Accomplishment of objectives and goals of an organization through ethical and effective governance


We, at Saif Chartered Accountants, assist our clients by providing recommendations for improvement in those areas where opportunities or deficiencies are identified. While management is responsible for internal controls, the internal audit activity provides assurance to management that the internal controls are effective and working as intended.

An effective internal audit activity is a valuable resource for management and the objectivity, skills, and knowledge of competent internal auditors can significantly add value to an organization’s internal control, risk management and governance process.

With our professional background, decades of experience and expertise, we can undertake and deliver quality internal audit activities for our clients with a view to enhance their performances based on the cardinal theories of internal audit depicted in the preceding paragraphs

IT Audit and Software Support

IT Audit and Software Support

Saif Chartered Accountants provides IT audit and consulting services to help our clients manage risk, improve IT governance, and strengthen internal controls. We perform IT audits, compliance assessments, and network security evaluations

We provide IT audit, consulting, and advisory services for a wide variety of areas, including:

  • IT general control reviews
  • Applications and business control reviews
  • Network and infrastructure security reviews
  • Operating system security reviews
  • Database security reviews
  • System implementation reviews
  • LAN & network review
  • Data classification evaluations
  • Disaster recovery planning
  • Information privacy & security
  • Data center reviews


We conduct system study to find out the specific requirements of our clients and recommend the accounting software solutions most appropriate to the client’s needs.

Liquidation

Liquidation

We, at Saif Chartered Accountants provide liquidation services for Limited Liability Companies and Free Zone companies. We assist in the preparation of:

  • Board resolution
  • Power of attorney
  • Audit report
  • Application to the government departments
  • Liquidator’s statement etc

Official Online Directory of
Jebel Ali Freezone