It is essential for small businesses in Dubai to comply with International Financial Reporting Standards (IFRS). However, preparing financial statements in accordance with IFRS is often a complex task for …
Read MoreHow to Prepare Financial Statements in Compliance with IFRS for Small Businesses in Dubai
As businesses expand globally, they must comply with various accounting standards. In Dubai, companies must follow either the International Financial Reporting Standards (IFRS) or the United Arab Emirates Generally Accepted …
Read MoreUnderstanding the Differences Between IFRS and UAE GAAP for Financial Reporting in Dubai
IFRS 16 has been effective for some time now. And companies including audit firms in Dubai are numerous questions regarding its implementation. This guide will highlight some common issuers company …
Read MoreTop Issues Audit Firms in Dubai Experience When Implementing IFRS 16 Leases
IFRS 10 is an international accounting standard that guides the basis of consolidated financial statements. Dubai has adopted IFRS 10 to correspond its financial reporting with international superlative practices. This …
The impact of IFRS 16 Leases on financial statements and the challenges of complying with compliance requirements has been the focus of much of the discussion that followed the announcement …
Read MoreOpportunities with IFRS 16 That Audit Services in UAE Should Know
With the rapidly-changing business landscape in the UAE, it is becoming increasingly significant for businesses to have a clear and concise financial reporting system in place. Thus, enforcing Financial Reporting …
Read MoreWhat are IFRS and Why are they important for audit firms in Dubai, UAE?