Whatever your personal or professional financial needs , securing financial stability for the future is imperative.
With so much choice available from high street banks, building societies and insurance companies, all offering numerous products, it is more difficult than ever to make the right choice.
Chartford is Internal Audit Management , improves audit strategies, reduces audit costs, and enhances auditor productivity. Rich operational and management reporting deliver transparency and risk-awareness, enabling better decisions.
We are improving the design of our audits to try and make a difference.
In the majority of our audit clients we are reporting to shareholders equity running their own businesses who often not feeling that the audit is an important.
It is about an independent examination of the financial statements prepared by the organization..
At Chartford, we understand that robust internal auditing is crucial for maintaining organizational integrity..
Embarking on a new venture or project requires careful evaluation to ensure its viability and potential..
Concerned about your company’s liquidation? Chatford has got you covered! Chatford Company Liquidation Services..
Where we specialize in MSI 20000 services tailored to meet the rigorous demands of the Financial Quality Standard.
A forensic audit is an in-depth examination and analysis of a company’s financial records to uncover..
The mission of Chartford is to always strive for excellence in providing services to clients, create rewarding career opportunities and maintain sound professional, business and financial standards.
To be recognized by our clients and competitors as the benchmark in service delivery within Our industry and chosen markets Where our people are known for their innovativeness and problem solving abilities To adapt and change continually with our business leader partners.
Chatford presents you with premium accounts and audit services in UAE. We encompass exceptionally qualified auditors with vast experience in different industries. Being one of the accounting and auditing firms in UAE, we work with a deep knowledge of regulatory requirements, accounting principles, and industry challenges by ensuring accurate audits. For providing premium audit services in UAE, Chatford understands your unique need and thus we are offering you customized services by developing auditing plans. To stand out from all other accounting and auditing firms in UAE, we are equipped with advanced technologies like next-generation auditing software to improve the efficiency and accuracy of the services. Chatford always makes sure to maintain your compliance with every industry regulation and law.
At Chatford, we begin the process of audit services in UAE with internal control evaluation. We will employ different substantive testing, planning, and risk management till final reporting. We will work with your organization to collect the information and documentation that ends with a deep review of the documents.
No. Chatford is not specialized in a particular industry. We provide top-level Audit Services in UAE in a wide range of industries. such as the healthcare industry, retail, non-profit organizations, and manufacturing etc. We encompass a team of experts with vast experience and knowledge adhering to service regulations and industry standards.
The time taken to complete the auditing process depends on the complexity, size, and nature of your organization. Typically, auditing of standard financial statements will take around a few months to weeks. As a prominent one among the Accounting and Auditing Firms In UAE, we have a specialized team to manage auditing services at your convenience at the earliest.
We are the provider of the finest audit services in UAE with incompatible quality and professionalism. We stand out among the crowd due to our service team which encompasses auditing expertise with vast experience, and our commitment to customized solutions and excellence. We are equipped with advanced technologies in the accounting and auditing process to present you with the perfect audit reports as per the regulatory standards.
are a set of quantifiable measures that a company uses to measure their performance over time. In the finance department, senior managers and executives always look at their bottom line.
The KPIs set in finance departments are always attached to money – expenses, net income, and revenue. Understandably so, this is because the finance department is paid to track, monitor, and analyze the flow of money in and out of the company. Makes sense, right?
If we take a closer look at how Financial Controllers, senior accountants, accountants or finance analysts work today, it is rather disturbing that much of their time is spent on generating and compiling reports rather than analyzing what the reports actually mean for the business. This isn´t because they dislike analyzing but simply because many finance departments have not modernized the way they do things to increase their efficiency.
Nonetheless, when we look at the generated finance reports from an operational perspective there are several criteria that must be factored in more than just revenue generation such as work volume metrics, work quality, cycle time or process metrics. These metrics are most often overlooked by senior managers because they are intimidated by the complexity of implementing these metrics within the department.
Here are the top 3 operational KPIs that are important for the finance department:
This simply means the number of reports created and managed by an employee in a given time frame. This operational metric is a classic productivity metric that tracks down to individual level. This metric together with finance report error rate enables the management team to identify the high performing and low performing personnel. This can be very good to have during the annual performance review as these present an objective and fair assessment rather than subjective ones that are highly disputable and unfounded.
This is the percentage of financial reports produced that require corrections. As a CFO or finance manager, you want to have a low error rate because financial reports that are marred with errors will give the company a lot of trouble with regulatory bodies, it will require rework and increase expense of the finance function. Consequently, increased expense leads to reduced net income for the entire business.
his is the number of days it takes for the finance team to close the books and create the final reports that are then submitted at the end of the accounting period. As many finance departments are aware, faster closing of the books means more timely response and adjustments in the business.
This is an important metric to have because it gives the company an idea of the fiscal cycle time on a departmental level from start to end. Small companies can close books in just 1 day, the high performing ones close in 5 days, and mid-level performing companies close in thirteen days or longer.
If you want to implement KPIs, dashboards or simply automate the entire fiscal cycle in your organization from budgeting, planning to forecasting to reporting and consolidating, we can help.
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