These skills have seen a dramatic increase in demand since the introduction of internal audit professionals as an occupational and the implementation of the Code of Corporate Governance. Companies in …
To effectively administer business operations in the UAE in compliance with statutory regulations, it is essential to implement trusted audit and governance systems. As such, the role of top Audit …
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 …
The conjunction of automation and artificial intelligence (AI) is reforming International Financial Reporting Standards (IFRS) auditing practices. This advances audit quality, rationalizes procedures, and improves the auditor’s aptitude to make …
The integrity of financial information is essential in finance spheres. For purposes of precise and consistent economic reporting, businesses must comply with IFRS (International Financial Reporting Standards) as a universal …
The implementation of IFRS 9 (International Financial Reporting Standard 9) affects how organizations account for fiscal instruments. This article explains the essential components of an IFRS 9 audit, providing an …
In the go-ahead world of insurance, correct financial reporting is dominant. That’s where the IFRS comes into play. In particular, IFRS 4 emphasizes insurance contracts. It provides an agenda for …
The (FCJ) Federal Customs Jurisdiction, under the directive of the UAE government, now has the power to inspect customs and salable documentation related to import activities. The authority for tax-paying …
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 …
To determine how IFRS 3 should be leveraged to acquire an assets, audit firms in Dubai must first determine if the asset(s) acquired represents a business combination. Suppose the conclusion …