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 …
Auditing is a process of evaluating an organization’s financial and operational activities to ensure that they comply with laws and regulations. It is an important function in any organization, as …
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 …
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 …
As a globally acknowledged accounting criterion, IFRS 4 has significant importance in reporting. It offers guidelines or directions for the recognition, measurement, and disclosure of insurance contracts. This article seeks …
For financial and accounting reporting purposes, IFRS 2 plays a vital role in navigating share-based payment transactions. IFRS 2 improves transparency and stability, it offers rules for accounting treatment and …
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 …
To comply with auditing regulations in the UAE, many midsize and multinational firms in Dubai rely on professional auditing services. Selecting an audit partner for your company’s public financial documents …