IFRS requires that ‘components’ be depreciated as per IAS 16 Property Plant and Equipment. Each component of an item of property or plant is depreciated individually. You can group together …
Today’s stern business environment and the increasing importance of sustainability make planned asset management crucial to unlocking unrivaled growth opportunities. Within the dynamic landscape of Dubai, a worldwide epicenter of …
A tax audit in UAE is a thorough review of financial information and accounts. Officers from the tax authority conduct tax audits to ensure compliance with all applicable tax laws. This …
Dubai companies sell products and services to the general public, or individuals may use carrots on their customers to persuade them to buy. It is important to ask how Dubai audit …
IFRS 17 is a new global accounting standard for insurance contracts that aims to regulate financial reporting practices in the insurance industry. Its implementation is of great importance in Dubai, …
NGOs, or non-governmental organizations, are independent entities that operate primarily through public donations to achieve their charitable goals. These organizations are compelled to maintain transparency and accountability and it can …
Auditing is an essential facet for businesses. Conducting audits for government agencies requires a unique set of skills, processes, and immense knowledge on the part of the auditor to ensure …
The International Accounting Standards Board issued the International Financial Reporting Standards (IFRS) 7, also known as Financial Instruments. It mandates corporations to set forth specific financial apparatus to enforce disclosures …
Tax audits are often a demanding procedure for businesses, however, there are several approaches to going through a tax audit process in the UAE seamlessly. Audit Firms in Dubai can …
In simple terms, Due Diligence can be explained as an internal audit conducted for a company where every process is audited based on a preplanned checklist to understand its potential …