Implementing IFRS 5 In Dubai
IFRS 5 is an accounting criterion that offers direction on the accounting for non-current assets held for sale and discontinued operations, it supports businesses, enhances asset disposal, and streamlines business …
Month: July 2023
The Benefits of Forensic Auditing in Dubai Entities Must Know About
Dubai, UAE businesses involve dealing with many stakeholders, such as suppliers and vendors, distributors and associated supply chains, company labor workforces, company management, shareholders, and company management. The strategic goals and …
Practical Tips for Implementing IFRS 14 in Dubai
IFRS 14 plays a key role in endorsing transparency, consistency, and comparability in financial reporting. It offers strategies for regulatory reporting by organizations in the insurance sector. Therefore, it is …
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
This article seeks to provide a comprehensive understanding of the key considerations for non-current assets held for sale and discontinued operations. It is essential for businesses to ensure compliance with …
Impact of IFRS 2 on Accounting for Employee Compensation Plans
IFRS 2 is a share-based payment and a global accounting standard that requires companies to identify the cost of employee compensation plans that include the issuance of shares or share …
What Are The Practical Steps for a Statutory 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 …
An Audit Firm in Dubai Explanation of the Impact of IFRS 16 on Financial Statements
IFRS 16 applies to annual reporting periods that begin on or after January 1, 2019. However, earlier applications are permitted, provided Audit firms in Dubai and other users of financial …