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Month: May 2023

IFRS 9

How IFRS 9 Impairment Rules Will Affect Companies in UAE

June 1, 2023May 29, 2023

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 …

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Categories IFRS

The Importance of IFRS 15 Revenue Recognition for Businesses in Dubai

May 30, 2023May 23, 2023

In business spheres, revenue recognition is essential as it sets the foundation for financial statements that provide insights into a company’s financial performance. In Dubai, a revenue recognition standard IFRS …

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Categories IFRS
Dubai audit firms

Dubai Audit Firms Guide to Accounting Customer Incentive In IFRS

May 16, 2023

Dubai companies sell products and services to the general public, or individuals may use carrots on their customers to persuade them to buy. It is important to ask how Dubai audit …

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Categories IFRS
IFRS 17 Insurance contract

Key Considerations for Implementing IFRS 17 Insurance Contracts in Dubai

May 10, 2023

IFRS 17 is a new global accounting standard for insurance contracts that aims to regulate financial reporting practices in the insurance industry. Its implementation is of great importance in Dubai, …

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Categories IFRS
IFRS 16 for Lease

The Impact of IFRS 16 on Leasing for Businesses in Dubai

May 4, 2023

IFRS 16 is applicable for annual reporting periods commencing on or after January 1, 2019. The purpose of IFRS 16 is to provide data that accurately depicts lease transactions, timing, …

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Categories Audit and Assurance Services
IFRS 3 Business Combinations in Dubai

Preparing for IFRS 3 Business Combinations in Dubai: Strategies for Auditors and Business Owners

May 2, 2023

IFRS 3 Business Combinations is a set of accounting principles that govern how companies report mergers and achievements. Therefore, it is imperative for corporations operating in Dubai to comply with …

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Categories Audit and Assurance Services

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Recent Posts

  • 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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