Our Services

It offers special expertise, exceptional support for clients in every important market.

Salim Al Siyabi Chartered Accountants & Auditors is one of the major professional services organizations. It offers special expertise, exceptional support for clients in every important market, talented professionals linked together through a knowledge management system, and perhaps most importantly, a passionate commitment to its clients and their success. In the following sections, a brief description of our professional services is provided:

1- Audit (Financial and Cost) and Accounting Services:

6The professional standing of Salim Al Siyabi Chartered Accountants & Auditors facilitates in providing of assurance services with integrity, objectivity, and independence, adherence to professional standards and applicable laws and regulations, with a demonstrated will to maintain and improve the quality of professional services in this field. The clients serviced by Salim Al Siyabi Chartered Accountants & Auditors include large corporate entities, small companies, welfare and charitable organizations in all industrial and service sectors.

Company offers following mentioned audit and accounting services for clients:
  • Statutory Audit
  • Cost Audit.
  • Special Audit.
  • Internal Control Review.
  • Internal Audits and Related Service.
  • Proprietary Audit.
  • Forensic Accountancy.
  • Investigation on Accounting, Audit and Related Matters.
  • Advice and Opinions in the Above Areas.

2- Management Solutions:

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Management Solutions delivers a broad suite of “Impact Consulting” services and end-to-end solutions, helping organizations plan, grow, structure, and technology enable their business. Salim Al Siyabi Chartered Accountants & Auditors provides the business experience, technical knowledge, and implementation skills to turn your challenges into solutions

3- Financial Advisory Services

The company also provides many accounting related services, including assistance in preparation of financial statements, maintenance of accounting records and developing and improving accounting systems both manually and computerized.

4- Management Consultancy Services

Company provides management services and the tools for more effective and efficient business management.

We believe that continuously changing business and industrial environment and sound business decisions with respect to new investments and enhanced viability of the existing businesses are dependent on proper evaluation and assessment studies. For such undertaking of competitive measures, Salim Al Siyabi Chartered Accountants & Auditors provides a full range of management services, providing the tools for more effective and efficient business management, addressing the problems of business strategies, internal audit & related services, new business plan, accounting & finance. Capital appraisals, project finance and other key business functions.

The scope of services includes:

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  • Business Strategy
  • Internal Audit and Related Services
  • New Business Plan
  • Accounting and Finance
  • Capital Appraisals

 

91- Business Strategy:

  • Strategic Management Planning.
  • Management and Organizational Development.
  • Information System Planning.
  • Performance and Operations Review.
  • Business Process Re-engineering.

102- Internal Audit and Related Services:

  • Review and Restructuring of Internal Audit Department.
  • Internal Audit Services.
  • Assistance in Designing Risk Based Internal Audit Approach.
  • Developing Internal Audit Manuals.
  • Designing of Charter of the Audit Committee and Internal Audit Charter.

113- New Business Plan / Feasibility Study Report

  • Market Surveys, Analysis and Forecasts.
  • Assessment of Costs.
  • Economical and Financial Evaluation.
  • Sensitivity and Risk Analysis.
  • Tariff and Pricing Studies.

4 – Accounting and Finance12

  • Development and implementation of financial accounting systems in individual areas and fully integrated financial accounting systems.
  • Financial Projections.
  • Budgetary Control.
  • Costing Systems.
  • Cash Forecasting/Monitoring.
  • Financial Ratios.

145- Capital Appraisals

  • Payback Analysis.
  • Average rate of return
  • Analysis of DCF & IRR.
  • Selection of Mutually Exclusive Projects.
  • Analysis of Differential Cash Flow, Risk and Sensitivity Analysis.

5- Human Resource

During developing human resources skill, we emphasizes that how they would react in real-life so they react more objectively and precisely.

13An important controversy regarding labor mobility illustrates the broader philosophical issue with usage of the phrase “human resources”: governments of developing nations often regard developed nations that encourage immigration or “guest workers” as appropriating human capital that is rightfully part of the developing nation and required to further its growth as a civilization.
The field of human recourses management changed dramatically in recent decades, which created a greatly expanded role for the human Chartered accountants firms.
The Human Resource Unit is part of Salim Al Siyabi Chartered Accountants & Auditors and was formed to meet client’s needs in terms of their human resource requirements. The object was to provide services which would help to place the right people in the right positions, train them and develop their careers, ensure that they are appropriately rewarded and continuously motivated.
During developing human resources skill, we emphasizes that how they would react in real-life so they react more objectively and precisely.
Since incorporation of company our professionals are performing their dominant role in different sectors of the economy.

6- Outsourcing

We perform the function of accounts audit and outsourcing for small and medium size enterprises. All information whether at client’s premises or ours, is kept in full confidence.

Outsourcing involves the transfer of the management and day-to-day execution of an entire business function to an external service provider. The client organization and the supplier enter into a contractual agreement that defines the transferred services. Under the agreement the supplier acquires the means of production in the form of a transfer of people, assets and other resources from the client. The client agrees to procure the services from the supplier for the term of the contract.
We perform the function of accounts audit and outsourcing for small and medium sized enterprises. All information whether at client’s premises or ours, is kept in full confidence and secrecy. A package of suitable periodic reports is presented to the clients and discussed accordingly. These services are provided to local as well as foreign clients. In case of foreign clients, we use various modes for communication of information to and from the client.
By outsourcing any or all of these functions, the need for accounting employees can be reduced or completely eliminated saving costs to the business.
Outsourcing is beneficial to an organization. Companies have the power to maintain stakeholder’s value, customer loyalty and competitive advantages without compromising security, revenue and customer trust.

7- Our Firm’s Clientele

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The company boasts of a very prestigious clientele, which includes free zones and non-free zones companies and high net worth individuals. Broadly the clients to whom, we have offered professional services can be grouped under following industries and service sector.

  • International Companies
  • BVI Companies
  • All free zones companies
  • All Non free zones companies

We are approved for the following free zones;

  • SAIF Zone
  • Dubai Multi Commodity Centre (DMCC)
  • Dubai Airport Free Zone (DAFZ)
  • Hamriyah Free Zone (HFZ)
  • Jebel Ali Free Zone (JAFZ)
  • Dubai Silicon Oasis

We have branches in GCC countries;

  • Sultanate of Oman Budget Auditing Co – start 1994 we have three branches their (Muscat – Barka – Sohare)
  • A.E Salim Al Siyabi Chartered Accountants & Auditors Co.  Start 2012 we have two branches their (Dubai – Sharjah)
  • Qatar Salim Al Siyabi Auditing Co- AL Doha – start 2013

We aim and strive for the establishment of branches in some other Arab countries (such as Saudi Arabia – Egypt – Bahrain – Kuwait – Jordan – Lebanon)

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