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IFRS

IFRS and important for audit firms

What are IFRS and Why are they important for audit firms in Dubai, UAE?

April 6, 2023April 3, 2023

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 …

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Categories Audit and Assurance Services
International Financial Reporting Standards 10

An Auditor’s Guide to International Financial Reporting Standards (IFRS 10)

January 20, 2023

Financial statements produced in accordance with International Financial Reporting Standards (IFRS) must identify parent-subsidiary relationships or when one business administers another. A party’s reported results, cash flows, and financial position, …

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Categories Audit and Assurance Services
Audit Firms in UAE Capitalize Demolition Cost As Per IFRS

Can Audit Firms in UAE Capitalize Demolition Cost As Per IFRS

August 15, 2022August 3, 2022

Sometimes you have to purchase land with obstacles. These are old structures such as roads and buildings. but do you pay for the removal of these obstacles? And how do …

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Categories Audit and Assurance Services

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