IFRS for Small and Medium-sized Enterprises (SMEs) is a self-limited global accounting and financial reporting standard appropriate to the universal-purpose financial statements. To ensure consistency and transparency in financial declarations, …
IFRS 15, be that it’s a revenue recognition standard, affects all Dubai & UAE businesses into contracts with clients to transfer goods/services – private, public, and non-profit organizations. Through reliable …
For financial statements to be applicable, important decision-makers need to be able to analyze and interpret the statements. The externally audited financial statements help managers and investors evaluate an organization’s …
In the United Arab Emirates (UAE), audit requirements for holding companies are comprehensively outlined in the Federal Law. According to the Commercial Companies Federal Law, No. 32 of 2021, all …
Many audit firms in Dubai believe a single standard addresses long-term tangible assets: IAS 16 Property, Plant, and Equipment. Even though audit firms in Dubai & UAE can apply IAS …
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 …
