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Chartford Accounts Auditing All the firms that's fit to Succeed Comprehensive financial advice and financial services
that are tailored to meet your individual needs
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HELPING YOU TO GROW YOUR BUSINESS Chartford Auditing Chartford Accounts Auditing established
in Abu Dhabi, the capital of UAE the fastest growing
Economy in the Middle East & GCC countries
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Chartford Accounts Auditing Road to Success Listen to what you want for your future, then together
we create a plan to help you get there
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Chartford Accounts Auditing

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.

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Our Services

External Auditing

It is about an independent examination of the financial statements prepared by the organization and usually conducted as the law requires it.

Internal Control

It is the service of assuring achievement of an organization’s

objectives in operational effectiveness and efficiency,reliable financial reporting,

and compliance with laws, regulations and policies.

Bookkeeping

It is the service of recording, analysing and interpreting

the financial transactions of a business or individual.

Feasibility Studies

It is the service of analysis and evaluation of a proposed project to determine if it is technically feasible, feasible within the estimated cost, and will be profitable.

Budgeting

It is about  quantitative plan used as a tool for deciding

which activities will be chosen for a future time period.

Contracts Classification Files

It is the service of preparing all requirements

needed for contractor classification.

Companies liquidation

It is the service that when a company is brought to an end, and the assets and property of the company are redistributed.

Accounts Information Systems (AIS)

It is the service of making structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies.

Accounts Information Technology (AIT)

It is the service of making procedure for financial data that can be used by systems analysts, IT consultants, IT auditors, financial analysts and fraud examiners specializing in cybercrime.

Accounting Software

Our company is an authorized agent for Bazar Software.

Bank Facility Assistant

It is the service of preparing any requirements neededfor a company when it needs a short-term loan.

Our Mission

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.

Our Vision

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.

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Top 3 Operational KPIs for the Finance Department

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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INTERNAL AUDITING

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.Manage end-to-end audit processes more efficiently with the highest quality standards .It can help your firm in order to have a systematic workflow-driven, risk-based auditing process, simplifies work paper management.Providing real-time intelligence and reporting.

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EXTERNAL AUDITING

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.When designing our audit therefore we recognize that it is important for such clients to see some benefit arising which is why we try to take a closer look at the business during the course of the audit process in order to provide constructive and commercial feedback