It is essential to conduct audits of financial statements for businesses to maintain accuracy, transparency, and compliance with financial regulations and standards. Thus, it is imperative for businesses to seek …
Read MoreHow to Prepare for an Audit of your Financial Statements
It is imperative for UAE corporations to avail the services of approved auditors in the UAE to ensure that finances and assets are properly audited and monitored. UAE audit firms …
Conducting an annual statutory audit is mandatory for companies in the UAE. Mainland and Free zone companies are obliged to submit their audited financials to renew the yearly trade license. …
The property market in Dubai has grown significantly over a few decades and has experienced a large influx of investments in the property market. Our primary duty at Farahat and …
Globally, there is an expanding endorsement of digital assets by users. Subsequently, there is a notable emerging growth in investment and financial statement auditing guidelines that have also evolved, respectively. …
Read MoreThe Next Generation of Digital Assets: What are they and how can they be audited?
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 Reporting …
Read MoreWhat are IFRS and Why are they important for audit firms in Dubai, UAE?
To determine how IFRS 3 should be leveraged to acquire an asset(s), audit firms in Dubai must first determine if the asset(s) acquired represents a business combination. Suppose the conclusion …
Read MoreHow Audit Firms Dubai Identify Combination Based on IFRS 3
As a thriving business in the UAE, you must ensure that internal and external audit for your company is conducted regularly and seamlessly. However, audit firms in Dubai require some …
Read MoreFive most common audit mistakes for businesses must avoid
The financial instruments are perhaps the most complicated part of IFRS, and it’s a challenge for many audit firms in Dubai & UAE. In this article, Audit Firms in Dubai …
Dubai auditor professionals are challenged in handling cash-generating units (CGU) and impairment of assets. They must determine the recoverable amount of CGU/ assets. It can be quite simple, especially when …
Read MoreHow Dubai Audit Experts Calculate Pretax For Value in Use