Auditing Firms in Dubai Overview of IFRS 9
The end of 2018 spelled a sigh of relief for auditing firms in Dubai and UAE responsible for executing IFRS 9. All the fundamental changes to accounting models, policies, and …
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The Importance of IFRS 15 Revenue Recognition for Businesses in Dubai
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 …
The Impact of IFRS 16 on Leasing for Businesses in Dubai
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, …
Top Issues Audit Firms in Dubai Experience When Implementing IFRS 16 Leases
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 …
Challenges and Opportunities in Adopting IFRS 10 Consolidated Financial Statements for Dubai Companies
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 …
Opportunities with IFRS 16 That Audit Services in UAE Should Know
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 …
