Who we are

We pride ourselves on providing high quality service to our clients.

Thank you for visiting Ahmed Al Hossani Audit Bureau,

Office Ahmed Al Hosani Accounting Office provides professional services in the fields of accounting, auditing, taxation and consulting services for a wide range of private sector clients. The knowledge and know-how available to the staff of the office have enabled them to meet all local and international requirements. Companies and institutions engaged in various activities.

Our Vision

To contribute to the development of the profession of accounting at the state level, and to be the first choice to provide technical advice through the excellence services to our customers accurately and quickly and high quality and in accordance with international accounting standards and rules.

Our Goals

We aim to help clients accomplish their business and achieve their growth and profitability goals by providing audited financial statements and reports that help them make the right decisions at the right time

Our values​​

Integrity and Accountability
Transparency in work
Accuracy and high quality
Excellence

Fast Facts

Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold. VAT is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), including all 29 European Union (EU) members, Canada, New Zealand, Australia, Singapore and Malaysia. VAT is charged at each step of the ‘supply chain’. Ultimate consumers generally bear the VAT cost while Businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government. A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers. The net result is that tax receipts to government reflect the ‘value add’ throughout the supply chain.
An audit is the examination of the financial report of an organisation - as presented in the annual report - by someone independent of that organisation. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes. The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organisation at a given date, for example:
  • Are details of what is owned and what the organisation owes properly recorded in the balance sheet?
  • Are profits or losses properly assessed?
  • When examining the financial report, auditors must follow auditing standards which are set by a government body. Once auditors have completed their work, they write an audit report, explaining what they have done and giving an opinion drawn from their work. Generally, all listed companies and limited liability companies are subject to an audit each year. Other organisations may require or request an audit depending on their structure and ownership.

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