Financial statements produced in accordance with International Financial Reporting Standards (IFRS) must identify parent-subsidiary relationships or when one business administers another. A party’s reported results, cash flows, and financial position, …
Read MoreAn Auditor’s Guide to International Financial Reporting Standards (IFRS 10)
The Dubai International Financial Centre (DIFC) was established as a multinational financial center. It allows financial businesses to enter and develop in the rising market in the region. The DIFC …
Read MoreDIFC (Dubai International Financial Centre) Audit Requirements
A corporation’s financial records are checked and validated as part of an audit to verify their accuracy and true assessment. Auditing financial documents can be a demanding process, however, planning …
Managing Internal and External audit procedures is an essential requisite for businesses to function in Dubai. An Internal audit maintains the Company’s financial profile and helps companies to overcome financial …
Read MoreA Detailed comparison on: How to conduct an Internal and External audit procedure?
Financial records are frequently preserved for accounting purposes since a business runs on its fixed assets. It is essential to understand the audit methods required to verify these assets. If …
Read MoreWhat are audit procedures to verify the fixed assets 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
Audit firms in Dubai are responsible for ensuring the accuracy of a company’s financial statements. Financial statements are audited to ensure that there are no major misstatements, whether from fraud …
Auditing is a process of evaluating an organization’s financial and operational activities to ensure that they comply with laws and regulations. It is an important function in any organization, as …
Accurate data representation is essential for a growing business because it is shared with third parties, the government, shareholders, and potential investors. How do you get it? An Audit is …
To comply with auditing regulations in the UAE, many midsize and multinational firms in Dubai rely on professional auditing services. Selecting an audit partner for your company’s public financial documents …