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, …
The IFRS 9 standard was completed in July 2014, and recent changes brought audit firms in Dubai & UAE new impairment rules. These new rules will not affect only financial …
Read MoreHow IFRS 9 Impairment Rules Will Affect Companies in 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 …
Read MoreIFRS 15 and Old Revenue Recognition Guidelines in Dubai
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 …
Read MoreIAS 34 Interim Financial Reporting and Audit Services Compliance in Dubai,UAE
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 …
Read MoreHow Audit Firms in Dubai Account for Inventory Under IFRS: IAS 2 Inventories Review
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 …
Read MoreGuide for Dubai Audit Services on Preexisting Relationships and Reacquired Rights in IFRS 3
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 …
Read MoreAn Audit Firm in Dubai Summary of IAS 41 Agriculture
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 …
Read MoreDifference Between An Audit And A Forensic Audit in Dubai
A statutory audit in Dubai is an independent review of financial statements for a company or institution. The auditor’s responsibility is to determine if financial statements are true and fair …
Read MoreWhat Are The Practical Steps for a Statutory Audit in Dubai