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Month: February 2022

IAS 24 Related Party Disclosures for Dubai and UAE

IAS 24 Related Party Disclosures for Dubai and UAE

July 7, 2022February 28, 2022

IAS 24 Related Party disclosures describe the requirements for disclosures by related parties regarding transactions, outstanding balances, and commitments with such entities. This allows company audit specialists in Dubai, UAE, …

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Categories Audit and Assurance Services
IFRS 15 and Old Revenue Recognition Guidelines

IFRS 15 and Old Revenue Recognition Guidelines in Dubai

July 7, 2022February 22, 2022

A collaboration between the Financial Accounting Standards Board and International Accounting Standards Board produced IFRS 15 – Revenue From Contracts with Customers – and ASC 606 – Revenue from Contracts …

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Categories Audit and Assurance Services
Financial Instruments Under IFRS 9

Understanding Financial Instruments Under IFRS 9

July 7, 2022February 21, 2022

For accounting and financial services, revenue is not the only IFRS to think about – there are also financial instruments under IFRS 9 to think about. Contrary to popular belief, …

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Categories Audit and Assurance Services
Financial Reporting and Audit Services Compliance

IAS 34 Interim Financial Reporting and Audit Services Compliance in Dubai,UAE

July 7, 2022February 18, 2022

Audit firms in Dubai, UAE use Interim financial statements to update the annual financial statements. IAS 34 outlines how internal auditors and audit firms in Dubai should prepare interim financial …

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Categories Audit and Assurance Services
Inventory Accounting Under IFRS

How Audit Firms in Dubai Account for Inventory Under IFRS: IAS 2 Inventories Review

July 7, 2022February 18, 2022

Understanding Inventory Accounting Under IFRS IFRS requires audit firms in Dubai to measure inventories at their lowest cost and highest net realizable value. The estimated selling price for the business …

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Categories Audit and Assurance Services
Guide for Dubai Audit Services on Preexisting Relationships and Reacquired Rights in IFRS 3

Guide for Dubai Audit Services on Preexisting Relationships and Reacquired Rights in IFRS 3

July 7, 2022February 15, 2022

This article will expound on Dubai audit services’ understanding of preexisting relationships and reacquired rights under IFRS 3. Let us get started, shall we? The acquirer and acquirer may have …

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Categories Audit and Assurance Services
An Audit Firm in Dubai Summary of IAS 41 Agriculture

An Audit Firm in Dubai Summary of IAS 41 Agriculture

July 7, 2022February 14, 2022

The IAS 41 Agriculture is the original standard to specifically cover the main sector. Read on this Audit firm in Dubai summary of IAS Agriculture to learn more IAS 41 …

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Categories Audit and Assurance Services
forensic audit services

Difference Between An Audit And A Forensic Audit in Dubai

July 7, 2022February 10, 2022

Every business in Dubai, UAE, regardless of its size and nature, has to measure its current status and position in the market to ascertain if it is moving in the …

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Categories Forensic Auditing
Forensic Auditing

8 Forensic Auditing Techniques you should know in Dubai

July 7, 2022February 4, 2022

In the recent past, there have been significant changes in the business landscape in Dubai and UAE in general. Free movement of people, increase in globalization, smooth communication, technological evolution …

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Categories Forensic Auditing
Statutory Auditing

How to do a statutory audit of a company in UAE

January 18, 2023February 3, 2022

A statutory audit is required by law and is designed to evaluate a company’s financial health and records. They are generally undertaken for the general public. Audit firms provide an …

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Categories Statutory Audit Service

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  • IFRS 9 Audit: Implications and Best Practices
  • How to Make an Internal Audit Report in Dubai?
  • IAS 16 Generation Assets for Power and Utilities : Dubai Audit Review
  • IFRS 4: Essential Guide for Dubai’s Insurance Sector
  • Dubai Customs Audits: A Comprehensive Guide for Businesses

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