The article highlights data quality as the real standout theme from this year’s internal audit conference, despite discussions on AI, cybersecurity and governance. Using DAMA International’s framework, it stresses that data quality is a business issue requiring strong governance and continuous improvement, as poor data across systems leads to costly errors and compliance risks.

Accounting networks combine global standards with independent local firms. Baker Tilly SM Group in the UAE is a new, standalone member with no connection to previous firms. Each member shares the brand and resources but manages its own operations and clients. Strict entry and exit processes ensure liabilities remain with the entity that incurred them, and new members start fresh without inheriting past obligations.

The Emirates must build a sustainable audit quality framework to support its global business ambitions.

Markus Susilo, Partner & International Business Leader at Baker Tilly, outlines how startups in the UAE can navigate the new corporate tax regime, VAT, and Free Zone incentives through smart compliance and early tax planning.

At GITEX, Baker Tilly unveiled Achieve ERP, a digital transformation platform designed as a modular ERP solution that integrates seamlessly across industries. The centerpiece of the presentation was Dewi, Achieve ERP’s AI-powered optimization module, which supports leadership teams in making faster, smarter, and more confident decisions.

Dubai is moving toward a decentralized crypto framework that increases firm accountability and transparency. Companies will assess token suitability, while fiat-linked tokens stay tightly regulated. Investment funds gain flexibility with stronger due diligence, and new rules will simplify onboarding and enhance reporting to balance innovation with investor protection.

Driving Compliance, Resilience, and Innovation in the UAE’s Exchange and Remittance Sector

Targeted Financial Sanctions (TFS) prevent terrorism financing by requiring UAE Reporting Entities to freeze assets within 24 hours of a match on the UAE or UNSC terrorist lists. TFS applies to designated individuals, entities, and those they control or act through, with all actions based on documented evidence.

The future of the audit profession is gaining importance as the UAE’s landscape evolves. To explore this, Baker Tilly UAE hosted a Roundtable on "Building Capacity and Strengthening Audit Quality," bringing together partners from leading second-tier firms, regulators, and professional bodies. Discussions highlighted the firms’ role in maintaining market confidence and the key challenges and opportunities shaping the profession.

Global Workforce and Globally Mobile High Net-Worth Individuals (HNWIs)

Automation may brew your latte, but it can’t replace human insight. At Baker Tilly UAE, internal audit goes beyond tick-box compliance—using technology to enhance accuracy and speed, while relying on people to understand culture, behaviour, and governance. Modern auditors are trusted advisers who drive value, not just efficiency.