Which is the Best Accounting Firm in Dubai?
One of the most significant components of doing or conducting business globally is auditing. It assures you that you are working with trustworthy businesses and companies, along with providing the assurance to those potential partners that you are a worthy partner, whom they can trust and get into business with.
The United Arab Emirates or UAE as commonly acknowledged is well-known for being a thriving core commercial hub where people come together to trade services and goods. Participants from all over the globe perceive it to be a fair, comfortable, and successful business venue due to the UAE’s strict financial rules, which level the playing field for all participants. Businesses in the UAE must have their accounts audited and maintain good financial controls, which is one of the most important regulatory requirements. To meet that demand, Dubai offers a diverse range of internationally accredited auditing firms, and selecting a partner based on “brand recognition” is a common strategy—and frequently the wrong one.
The major point of discussion in this article is the top accounting firms in Dubai, which are some of the common names on a global level. And this would include:
- Deloitte – Large and publicly traded corporations are best suited, with a high audit charge and a highly qualified audit team.
- Kanakkupillai – Best suitable for small entities and SMEs which would require attention at an affordable cost without compromising the quality of the service.
- EY or Ernst & Young – Large and publicly traded corporations are best suited, with a high audit charge and a highly qualified audit team.
- PWC or Price Waterhouse Coopers – Large and publicly traded corporations are best suited, with a high audit charge and a highly qualified audit team.
- KPMG or Klynveld Peat Marwick Goerdeler – Large and publicly traded corporations are best suited, with a high audit charge and a highly qualified audit team.
- BDO (Binder Dijker Otte) – Large and publicly traded corporations are best suited, with a high audit charge and a highly qualified audit team.
- HLB Hamt – Large corporations or entities and SMEs which are Small and Medium Enterprises are best suited, with a high audit charge and a highly qualified audit team.
- Grant Thornton – Large corporations or entities and SMEs which are Small and Medium Enterprises are best suited, with a high audit charge and a highly qualified audit team.
- Baker Tilly – Large corporations or entities and SMEs which are Small and Medium Enterprises are best suited, with a high audit charge and a highly qualified audit team.
- Crowe – Large corporations or entities and SMEs which are Small and Medium Enterprises are best suited, with a high audit charge and a highly qualified audit team.
- RSM – Large corporations or entities and SMEs which are Small and Medium Enterprises are best suited, with a high audit charge and a highly qualified audit team.
Above provided are some of the branded names in the accounting industry in the Dubai. But what makes them reputed and branded or one of the top names in the accounting industry in Dubai is a point of discussion. Below provided would be certain insight into the same:
Deloitte, a well-known auditing firm in Dubai and internationally, provides dependable audit, tax, risk management, and financial advising services. It is one of the “Big4” accounting companies and a major recruiter of financial experts. Their current workforce is estimated to be over 2,00,000 individuals. They have extensive worldwide expertise auditing multinational corporations’ accounting records. They’re dependable, have a global reputation for reliability, operate in almost 100 countries, and earn more than $50 billion in annual sales.
- Kanakkupillai –
A virtual accounting partner with more than 10 years of experience in one of the bigger market, India, Kanakkupillai is another name among the best accounting firms in Dubai, which can be relied upon by you for meeting all your accounting and auditing related concerns. The company with some of the finest in-house experts with experience would help you serve your purpose without any hindrance that would likely be caused by these big names in the country.
- EY or Ernst & Young
Then there’s EY, which has extensive worldwide experience. Audit assurance, taxes, consulting, and transaction services are all provided by them. Client respect, professionalism, and job ethics are all highly valued at EY. Their workforce consists of people from many origins and cultures that respect honesty and hard work, making them dependable and trustworthy. They operate in a number of countries, so it’s no wonder that EY’s yearly revenue surpasses $40 billion.
- PWC or Price Waterhouse Coopers
Top of the list, with operations in over 100 countries, it assists all types of organisations in attaining growth and producing value. They offer high-quality advising, tax, and assurance services. Their reputation instils confidence in banking communities throughout the world, allowing any partner interested in your services and goods to accept your accounts and audited financials. They work with 84 percent of the Fortune 500 firms in the world, as well as over 1,00,000 small and medium-sized organisations. PwC’s yearly gross revenue exceeds US$ 40 billion.
- KPMG or Klynveld Peat Marwick Goerdeler –
KMPG is another reputable and trustworthy auditing firm with a strong brand image. It administers audits, local and international taxation, assurance, consultation, and advisory services in more than 150 countries and delivers high-quality services. All of the normal services you require may be found under one roof, saving you time and money. Clients provide them with more than an amount of $30 billion in annual income. It is functioning since 1987 and thereby can be told to be holding all the years of experience and legacy.
- BDO (Binder Dijker Otte) –
While assisting customers with worldwide business, they earn more than $10 billion every year from their client accounts. They want to give their clients a flexible and proactive strategy that will help them overcome any challenges they may confront in the business arena that they are functioning. BDO has offices on every continent, allowing them to assist their clients in conducting worldwide business in 165 countries. They guarantee their consumers a positive professional experience.
- HLB Hamt –
Another accounting entity in Dubai which is renowned in the place and opted by many major business brands functioning in the country. They provide their clients with various services ranging from accounting to auditing, business consultancy, management consultancy, tax compliance and even technology consulting. With its international parent being HLB International, the company’s presence is spread across 150 countries and the member firms collectively employs more than 25,000 people across its offices which counts to more than 1,000 in total. The company also earns more than $4 billion in revenue during a year.
- Grant Thornton –
GT which is the Grant Thornton, has a strong reputation among business clients for providing high-quality tax, auditing, and professional accounting services. The business has handled customers from a variety of sectors and can provide tailored services to meet each client’s demands. They bring more than $3 billion in income each year.
- Baker Tilly –
This company is ranked tenth on this list. It’s a well-known accounting and business advising firm with a solid international reputation. They teach their clients how to plan for the future while staying in control of the present. They serve a wide clientele and provide a tailored assurance, auditing, taxes, and advising service experience. They have a total of 148 sites all around the world. In 2019, their annual revenue surpassed $3 billion.
- Crowe –
Crowe is one of the top ten largest accounting companies in the world. There are 220 active offices in 130 countries. This business is proud of its customer list, which includes a number of significant and well-known companies. They go above and above to guarantee that their customers are satisfied. Crowe has a revenue of more than $4 billion.
- RSM –
The next firm is RSM Chartered Accountants, which specialises in taxation, consulting, and audits. RSM offers these services in approximately 120 countries, indicating that they are well-versed in cross-border transactions. They have a lot of experience and provide high-quality services. They have a varied and increasing customer base, demonstrating that they are capable of working on almost any audit project. RSM employs more than 500-800 people worldwide and makes above $6 billion in revenue.
So, we can now conclude that these are some of the best accounting firms in the country Dubai and are owning some of the major names in the country on their client list. With more years of experience and ample client list these best accounting firms in Dubai are serving even more clients not just in Dubai but also on a global level across various countries.
But, when it comes to a small business or a business which needs utmost attention in getting done with the accounting functions that involves sensitive information and the planning of the same, your duty as a business owner or founder would be to select an accounting firm that has a big influence on your organization and certifies that your funds are properly managed, since this may make or destroy your company. One of the finest things you can do to safeguard and promote your organization is to hire a dependable, competent, and renowned auditing agency. But one major point to be concerned about here would be that such accounting entity should provide us the service at a lower cost with lower complexity, and helping us simplify the process.
Hence, we can say that Selecting an accounting entity or company is a crucial responsibility that should be approached with caution. You should use an accounting or auditing firm that gives value to your company by discovering wrongdoings, personnel flaws, and internal control flaws. Most crucial, you require a business that makes recommendations for resolving the problems discovered during the audit.
Overall, our unexpectedly affordable business located in the centre of the pack, Kanakkupillai the Virtual Accounting Partner, appears to be the best option.
Call us today to speak with one of our account specialists! Put a top-rated accounting firm with a stellar reputation and experience to work for you right now.