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 …
IFRS 5 is an accounting criterion that offers direction on the accounting for non-current assets held for sale and discontinued operations, it supports businesses, enhances asset disposal, and streamlines business …
IFRS 14 plays a key role in endorsing transparency, consistency, and comparability in financial reporting. It offers strategies for regulatory reporting by organizations in the insurance sector. Therefore, it is …
IFRS 2 is a share-based payment and a global accounting standard that requires companies to identify the cost of employee compensation plans that include the issuance of shares or share …
IFRS 16 applies to annual reporting periods that begin on or after January 1, 2019. However, earlier applications are permitted, provided Audit firms in Dubai and other users of financial …
