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1 - Vision and Mission Statement
Vision
To nurture a professional firm of repute which is competitive, dynamic in the areas
of its operation, providing the best opportunity to progress and grow to all those
who are associated with it and also serving the best interests of the clients.
We visualize becoming leader in creating, validating and interpreting information
that measures and enhances organizational performance, thus becoming obvious
choice for financial management, assurance and other specialized services.
Mission
Our mission is to enhance decision-making and improve organizational
performance through financial management, assurance and other specialized
expertise. We act with integrity, objectivity and a commitment to excellence
keeping in view the public interest.
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2 - Our People
Quality of client services in a professional organization is
based on people. Salim Al Siyabi Chartered Accountants &
Auditors gives priority to recruiting and training. Our people
are member of Institute of Chartered Accountants and
university graduates with accounting degrees.
All graduates complete a structured training program, which
combines practical work experience with an extensive range
of formal courses and a number of management courses.
Professional staff is recruited on the strength of their
experience, quality of qualification and suitability to
undertake the services offered to our clients.
The company was established in the year 2009. The success
has been achieved, and is maintained, by our commitment
and enthusiasm for meeting the needs and expectations of
our clients. The company has evolved a structure, which
ensures that its size helps to give to all its clients, large and
small, a high level of services and personal contact.
Principal and staff are subject to stringent codes of conduct
as regards confidentiality and independence. Each clients’ job
is allocated to a supervisor who reviews all jobs done by
professional staff.
Professional staff
is recruited on the
strength of their
experience,
quality of
qualification and
suitability to
undertake the
services offered
to our clients.
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3 - About CEO
Mr. Salim Bin Khamis Bin Salim Al Siyabi is the chief
executive and founder of Salim Al Siyabi Chartered
Accountants & Auditors Co. Mr. Salim Al Siyabi has
completed Certified Chartered Accountancy Ain shams
university – Cairo–Egypt (1989) He has over 24 years of
professional auditing, accounting and allied experience.
Having background of Certified by the Ministry of
Economy in Oman & Account expert at the Ministry of
Justice Oman & He holds an international arbitrator from
Egypt & Certified the Ministry of Economy in Qatar and
Certified the Ministry of Economy of the United Arab
Emirates all this gave me based accounting approach and
ability to lead for finalization of the accounts,
management and internal reporting system and
compliance of statutory obligations; with the Five years
of professional experience (more than 5 years in UAE) has
established confident to run his own practice in any
challenging environment with leadership and result
oriented approach.
Audit Manager
Mr. Sameh Abdalla Mabrouk Mohamed is manager of
Salim Al Siyabi Chartered Accountants & Auditors. He has
intensive knowledge of ERP system (Oracles Financial 11i
& Microsoft Navision).
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Senior Auditor
Mr. S. Asif is senior auditor in Salim Al Siyabi Chartered
Accountants & Auditors. He is ACCA Member, CPA (USA)
& BSc (Honors) in Applied Accounting, having 5 years’
experience of Audit and Accounts. He worked 1 year as a
Junior Auditor in well reputed company in Pakistan and 2
years as Auditor in Rao & Ross Chartered Accountants in
UAE.
Auditors
Mr. Fuad Iftikhar is auditor in Salim Al Siyabi Chartered
Accountants & Auditors. He is ACCA Member and BSc
(Honors) in Applied Accounting, having 3 years’
experience of Audit and Accounts. He worked 1 year as
accountant in Muscat Garden Company L.L.C, Oman and
2 years as auditor in Budget Auditing Co, Oman.
Mr. Arslan Ali Awan is auditor in Salim Al Siyabi
Chartered Accountants & Auditors. He is ACCA Affiliate &
BSc (Honors) in Applied Accounting, having 2 years’
experience as accountant in Millat Tractors &
Equipment’s LTD, Pakistan
Accountant
Mr. Muhammad Yaseen is accountant in Salim Al Siyabi
Chartered Accountants & Auditors. He is Bachelor in
Commerce and ACCA Part Qualified, having 4 years’
experience of Audit and Accounts. He worked 1 year as a
junior accountant in Paki Cake LTD, Pakistan and 3 years
as an accountant in Engro Foods LTD, Pakistan.
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Business Executive
Ms. Pearl Grace Gonzales is handling all the
Administrative activities of Salim Al Siyabi Chartered
Accountants & Auditors. She worked for 3 years in
difference organizations in UAE and Philippine.
Relationship Officers
Mr. Naseer Kallivalappil is senior relationship officer in
Salim Al Siyabi Chartered Accountants & Auditors. He is
MBA Qualified in Marketing, worked 21 years as
marketing specialist in Saudi Arab and UAE.
Mr. Abdul Latif Kallivalappil is relationship officer in
Salim Al Siyabi Chartered Accountants & Auditors. He has
2 years’ experience of sales and marketing in UAE.
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4 - Objectives
To maintain the highest level of expertise and
knowledge of our people, through high quality
induction, continuing education and on the job
training.
To develop our people professionally and to give
our distinguished clients the highest priority
To maintain investment in technology and
knowledge at a significant level to ensure
continuing growth and further enhance our
competitive advantage.
To adopt an aggressive, focused marketing posture
whilst at all times acting in accordance with the
highest ethical standards.
To ensure that all managers and supervisors receive
adequate training to keep them abreast of the
current knowledge on technical subjects.
To achieve a growth rate of at least 15% in turnover
and 20% on profit in the next three years.
Our main motive is to
provide a quality
services with minimum
cost, innovative style
and fast delivery
(speed) to satisfy our
customer’s needs.
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5 - Our Approach to Client Services
The company places emphasis on competence,
professionalism and creativity in conducting its
assignments. To us, concern means dedication to each
of our clients and a solid commitment towards helping
them solve their business problems from
commencement to conclusion.
At Salim Al Siyabi Chartered Accountants & Auditors,
competence and technical expertise play an integral
part in the company’s comprehensive approach to
client services, forming the “core” which is never
compromised. Competence is a combination of an in-
depth understanding of the clients’ business affairs, and
a thorough knowledge of current principles and
techniques. We believe that “Professionalism” in the
accounting profession means integrity, objectivity,
independence, adherence to professional standards
and applicable laws & regulations, and demonstrated
will to maintain and improve the quality of services and
to withstand all pressure, competitive and otherwise,
not to compromise on principles, standards and quality.
Similarly, creativity is the value constantly sought, but
seldom found. At Salim Al Siyabi Chartered Accountants
& Auditors a creative approach is stressed in all
engagements. The company’s philosophy is to
anticipate management’s needs and design solutions,
which are innovative and effective.
We believe that our
professional and
targeted approach to
client services is key
to success.
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6 - Range of Our Services
Salim Al Siyabi Chartered Accountants & Auditors is one
of the major professional services organizations. It offers
special expertise, exceptional support for clients in every
important market, talented professionals linked together
through a knowledge management system, and perhaps
most importantly, a passionate commitment to its clients
and their success. In the following sections, a brief
description of our professional services is provided:
6.1 - Audit (Financial and Cost) and
Accounting Services
The professional standing of Salim Al Siyabi Chartered
Accountants & Auditors facilitates in providing of
assurance services with integrity, objectivity, and
independence, adherence to professional standards and
applicable laws and regulations, with a demonstrated will
to maintain and improve the quality of professional
services in this field. The clients serviced by Salim Al Siyabi
Chartered Accountants & Auditors include large
corporate entities, small companies, welfare and
charitable organizations in all industrial and service
sectors.
Company offers following mentioned audit and
accounting services for clients:
It offers special
expertise, exceptional
support for clients in
every important
market.
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Statutory Audit
Bookkeeping & Accounting Services
Cost Audit.
Special Audit.
Internal Control Review.
Internal Audits and Related Service.
Proprietary Audit.
Forensic Accountancy.
Investigation on Accounting, Audit and Related Matters.
Advice and Opinions in the Above Areas.
6.2 - Management Solution
Management Solutions delivers a broad suite of "Impact
Consulting" services and end-to-end solutions, helping
organizations plan, grow, structure, and technology
enable their business. Salim Al Siyabi Chartered
Accountants &Auditors provides the business experience,
technical knowledge, and implementation skills to turn
your challenges into solutions.
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6.3 - Financial Advisory Services
The company also provides many accounting related
services, including assistance in preparation of financial
statements, maintenance of accounting records and
developing and improving accounting systems both
manually and computerized.
6.4 – Management Consultancy
Services
We believe that continuously changing business and
industrial environment and sound business decisions
with respect to new investments and enhanced viability
of the existing businesses are dependent on proper
evaluation and assessment studies. For such undertaking
of competitive measures, Salim Al Siyabi Chartered
Accountants & Auditors provides a full range of
management services, providing the tools for more
effective and efficient business management, addressing
the problems of business strategies, internal audit &
related services, new business plan, accounting &
finance. Capital appraisals, project finance and other key
business functions.
Company provides
management
services and the
tools for more
effective and
efficient business
management.
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The scope of services includes:
6.4.1 – Business Strategy
6.4.2 – Internal Audit and Related Services
6.4.3 – New Business Plan
6.4.4 - Accounting and Finance
6.4.5 – Capital Appraisals
6.4.1 - Business Strategy
Strategic Management Planning.
Management and Organizational Development.
Information System Planning.
Performance and Operations Review.
Business Process Re-engineering.
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6.4.2 - Internal Audit and Related
Services
Review and Restructuring of Internal Audit
Department.
Internal Audit Services.
Assistance in Designing Risk Based Internal Audit
Approach.
Developing Internal Audit Manuals.
Designing of Charter of the Audit Committee and
Internal Audit Charter.
6.4.3 – New Business Plan / Feasibility
Study Report
Market Surveys, Analysis and Forecasts.
Assessment of Costs.
Economical and Financial Evaluation.
Sensitivity and Risk Analysis.
Tariff and Pricing Studies.
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6.4.4 - Accounting and Finance
Development and implementation of financial
accounting systems in individual areas and fully
integrated financial accounting systems.
Financial Projections.
Budgetary Control.
Costing Systems.
Cash Forecasting/Monitoring.
Financial Ratios.
6.4.5 Capital Appraisals
Payback Analysis.
Average rate of return.
Analysis of DCF & IRR.
Selection of Mutually Exclusive Projects.
Analysis of Differential Cash Flow, Risk and Sensitivity
Analysis.
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6.5 - Human Resource
An important controversy regarding labor mobility
illustrates the broader philosophical issue with usage of
the phrase "human resources": governments of
developing nations often regard developed nations that
encourage immigration or "guest workers" as
appropriating human capital that is rightfully part of the
developing nation and required to further its growth as a
civilization.
The field of human recourses management changed
dramatically in recent decades, which created a greatly
expanded role for the human Chartered accountant’s
firms.
The Human Resource Unit is part of Salim Al Siyabi
Chartered Accountants & Auditors and was formed to
meet clients’ needs in terms of their human resource
requirements. The object was to provide services which
would help to place the right people in the right positions,
train them and develop their careers, ensure that they
are appropriately rewarded and continuously motivated.
During developing human resources skill, we emphasize
that how they would react in real-life so they react more
objectively and precisely.
Since incorporation of company our professionals are
performing their dominant role in different sectors of the
economy.
During developing
human resources skill,
we emphasize that
how they would react
in real-life so they
react more objectively
and precisely.
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6.6 - Outsourcing
Outsourcing involves the transfer of the management
and day-to-day execution of an entire business function
to an external service provider. The client organization
and the supplier enter into a contractual agreement that
defines the transferred services. Under the agreement
the supplier acquires the means of production in the form
of a transfer of people, assets and other resources from
the client. The client agrees to procure the services from
the supplier for the term of the contract.
We perform the function of accounts audit and
outsourcing for small and medium sized enterprises. All
information whether at client’s premises or ours, is kept
in full confidence and secrecy. A package of suitable
periodic reports is presented to the clients and discussed
accordingly. These services are provided to local as well
as foreign clients. In case of foreign clients, we use various
modes for communication of information to and from the
client.
By outsourcing any or all of these functions, the need for
accounting employees can be reduced or completely
eliminated saving costs to the business.
Outsourcing is beneficial to an organization. Companies
have the power to maintain stakeholder’s value,
customer loyalty and competitive advantages without
compromising security, revenue and customer trust.
We perform the
function of
accounts audit and
outsourcing for
small and medium
size enterprises.
All information
whether at client’s
premises or ours,
is kept in full
confidence.
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7 - Our Firm’s Clientele
The company boasts of a very prestigious clientele, which
includes free zones and non-free zones companies and
high net worth individuals. Broadly the clients to whom,
we have offered professional services can be grouped
under following industries and service sector.
International Companies
BVI Companies
All free zones companies
All Non free zones companies
We are approved for the following free zones;
SAIF Zone
Dubai Multi Commodity Centre (DMCC)
Dubai Airport Free Zone (DAFZ)
Hamriyah Free Zone (HFZ)
Jebel Ali Free Zone (JAFZ)
Dubai Silicon Oasis
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We have branches in GCC countries;
Sultanate of Oman
Budget Auditing Co – start 1994 we have three
branches their (Muscat – Barka – Sohar)
U.A.E
Salim Al Siyabi Chartered Accountants &
Auditors Co. Start 2012 we have two branches
their (Dubai - Sharjah)
Qatar
Salim Al Siyabi Auditing Co. - AL Doha - start
2013
We aim and strive for the establishment of
branches in some other Arab countries (such
as Saudi Arabia - Egypt - Bahrain - Kuwait -
Jordan - Lebanon)
