AUDITING SERVICES IN TRAVEL AGENCIES

Travel, hospitality, and leisure companies—seeking growth—look to respond to the challenges of an increasingly multi-channel environment, where options are many and customer loyalty is at a premium. As companies grow, managing a talent pool that ensures superior customer engagement and personalized experience remains a key focus area.

The key issues affecting the Travel and tourism sector are:

  • Consumer loyalty
  • Attracting and retaining talent
  • Global expansion and growth in emerging markets
  • Improving operational performance and leveraging technology innovation
  • Competition

IATA stands for the International Air Transport Association and is the official trade organization for the world’s airlines (more than 85 participating nations).For air carriers, IATA provides a polled resource for scheduling, traffic, and routes, standardizing services and the creation of worldwide public service for the air industry. For consumers, IATA sets the international standard for services and business practices amongst member airlines.

In general, companies like Travel Agencies and belonging to the SME category get their books of accounts audited in the following circumstances.

  • Legal Requirements: for Branch of Foreign Companies, Liquidation process, and other Government Authorities
  • Management purpose: to understand the financial position, to evaluate the performance of the entity, to assess the progress of the business
  • Third party requirements: such as Banks, and/or other non- banking financial institutions and suppliers and other parties such as IATA

Why BMS?

Financial Audit Report

A financial audit is an independent, objective evaluation of an organization’s financial reports and financial reporting processes. The primary purpose of financial audits is to give regulators, investors, directors, and manager’s reasonable assurance that financial statements are accurate and complete.

At BMS we have a team of qualified Chartered Accountants who are well versed and expert in the
Financial Statement Audits and will give the organization an exact and true picture of the Financials.

BMS is equipped with sound professionals to do the audit procedures adequately to provide you with the best possible service.

For Our UAE Services

BMS AUDITING & CONSULTING CO. Suite No.1001, 10th floor, Smart Height, Dubai, United Arab Emirates PH: +971 45516399 | MOB : +971 555569829 info@bmsauditing.com | contact@bmsauditing.com

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