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FAI Consulting

Forensic Accounting Intelligence is a beacon of distinction in financial services in UAE. what's app: +97144496290

27/08/2026

Fraud detection depends not only on having reporting channels, but on making those channels accessible, trusted, and easy to use.
According to the ACFE Report to the Nations 2026, web-based reporting was the most common mechanism used to report fraud tips, followed by email and telephone hotlines.

This shift highlights the importance of digital reporting systems, clear whistleblowing procedures, and secure communication channels that allow employees, customers, and vendors to report concerns effectively.
At FAI Consulting, we help organizations strengthen fraud detection frameworks, internal controls, and reporting mechanisms to support earlier identification of financial misconduct.

22/08/2026

Internal controls are becoming a core governance priority for organizations across the UAE.
Regulatory expectations, audit oversight, and governance frameworks are pushing businesses to move beyond basic financial controls toward structured Internal Control Frameworks covering operations, compliance, risk management, and board-level accountability.

A COSO-aligned framework can help organizations improve transparency, strengthen procurement and contract governance, enhance audit readiness, and create consistent controls across departments, subsidiaries, and business units.

For government entities, listed companies, regulated organizations, large corporates, and businesses preparing for IPO or expansion, strong internal controls are no longer optional. They are essential for sustainable governance.
At FAI Consulting, we help organizations assess internal control gaps, design risk-based control frameworks, and strengthen governance readiness.

16/08/2026

The UAE’s updated AML/CFT/CPF framework marks an important step in strengthening financial crime compliance and aligning with evolving global standards.
Federal Decree-Law No. 10 of 2025 and its Executive Regulations introduce key changes, including enhanced focus on proliferation financing, tax evasion risks within AML risk assessments, expanded coverage for Virtual Asset Service Providers, additional obligations for commercial gaming operators, and broader enforcement powers.

Organizations should take a proactive approach by reviewing their AML/CFT/CPF frameworks, updating policies and procedures, conducting gap assessments, enhancing enterprise-wide risk assessments, and delivering targeted compliance training.
Strong AML governance is no longer just a regulatory requirement. It is a core protection against financial crime risk.

10/08/2026

Fraud is often detected because someone notices the warning signs and reports them.

According to the ACFE Report to the Nations 2026, 43% of fraud cases were detected by tips, making it the most common detection method by a significant margin.

The report also shows that more than half of those tips came from employees, while customers and vendors also played an important role in identifying suspicious activity.

This highlights the importance of building clear reporting channels, protecting whistleblowers, and creating a workplace culture where concerns can be raised safely and professionally.

At FAI Consulting, we help organizations strengthen fraud detection frameworks, internal controls, and investigation processes to respond effectively when red flags appear.

08/08/2026

The FTA’s June 2026 update to the Corporate Tax Guide on Family Foundations provides clearer direction on how these structures should be assessed under the UAE Corporate Tax regime.
A key takeaway is that eligibility for fiscal transparency should not be reviewed only at the Family Foundation level. The full ownership and control chain must be assessed, including holding companies, SPVs, LLCs, asset transfers, and family office arrangements.

This means families, investors, and private wealth stakeholders should review their structures carefully, maintain strong documentation, and monitor ongoing compliance across each tax period.
At FAI Consulting, we help businesses and stakeholders assess tax positions, review structures, and strengthen documentation readiness under the UAE tax framework.

06/08/2026

Fraud does not affect organizations in one single form. Each scheme carries a different level of frequency, complexity, and financial impact.

According to the ACFE Report to the Nations 2026, asset misappropriation remains the most common fraud scheme, appearing in 90% of cases, with a median loss of $100,000.
Financial statement fraud appears in only 6% of cases, but it is the most financially damaging, with a median loss of $1,000,000. Corruption was included in almost half of all reported cases, with a median loss of $150,000.

These figures highlight why organizations need strong internal controls, regular fraud risk assessments, and forensic accounting support to detect risks before they grow into major losses.

02/08/2026

The UAE e-invoicing framework is set to change how businesses issue, exchange, and validate invoices.
With mandatory implementation starting from 1 January 2027 for businesses with annual revenue above AED 50 million, companies will need to move beyond traditional PDF and paper invoicing toward structured, real-time electronic invoices exchanged through accredited service providers.
This change is especially important for construction, engineering, and long-term contracts where advance payments and retention arrangements are common.

Businesses should ensure that their ERP systems can support invoice linking, split invoicing structures, and accurate reconciliation between advance, interim, final, and retention invoices.
Strong contractual documentation, proper invoice references, and clear audit trails will be essential to reduce VAT reporting risks and maintain compliance under the new framework.

Important note: E-invoicing guidance does not replace UAE VAT time-of-supply rules. VAT treatment should still be assessed separately under the applicable VAT legislation.

29/07/2026

Fraud continues to be one of the most underestimated financial risks facing organizations worldwide.

According to the ACFE Report to the Nations 2026, the study covered 2,402 fraud cases across 143 countries and territories, causing total losses of more than $3.4 billion.

The report also highlights that organizations lose an estimated 5% of revenue to fraud each year, proving that fraud prevention, internal controls, and forensic accounting are not optional safeguards; they are essential business protections.

At FAI Consulting, we help organizations identify red flags, investigate financial misconduct, and strengthen fraud risk management before losses escalate.

21/07/2026

FAQ: Will the asset management sector be subject to UAE Corporate Tax?
Answer:
Yes. The asset management and broader financial services sectors are generally subject to UAE Corporate Tax.
However, investment funds that meet specific conditions may be able to apply for exemption from UAE Corporate Tax.

In addition, the Investment Manager Exemption may apply where the applicable conditions under the UAE Corporate Tax regime are satisfied. Subject to those conditions, UAE-based regulated investment managers may perform discretionary asset or investment management services for foreign clients without creating a taxable presence in the UAE for those clients.

For asset managers and financial service providers, understanding the applicable Corporate Tax treatment is essential to avoid incorrect assumptions and ensure proper compliance.
FAI Consulting helps businesses assess Corporate Tax implications, review eligibility conditions, and strengthen tax compliance processes.

20/07/2026

Fraud often becomes possible when controls are missing, weak, or overridden.
The ACFE’s Occupational Fraud 2026: Report to the Nations found that more than half of occupational fraud cases involved either a lack of internal controls or an override of existing controls.
This makes internal control effectiveness one of the most important areas for fraud prevention.

The report also shows that anti-fraud controls can make a measurable difference. Management review, proactive data monitoring, surprise audits, and fraud awareness training were all linked to stronger outcomes.

Training was especially important. Organizations that trained both employees and management reported median losses of $84,000, compared to $150,000 for organizations that did not provide training to either group.
Fraud prevention is not only about having controls. It is about testing them, monitoring them, and making sure they work in practice.

Address

Business Bay, Marasi Drive Street, BURLINGTON Tower, 10th Floor, Office No 1006
Dubai

Website

http://www.faiconsulting.net/

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