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, …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …