Services
IFRS Advisory Services in Dubai
Obtaining expert guidance with deep knowledge of International Financial Reporting Standards (IFRS) is essential when businesses encounter accounting challenges during the preparation of financial statements.
Changes in accounting and regulatory frameworks often have far-reaching implications that go beyond financial reporting. We are here to help you understand, implement, and adapt to these changes effectively, enabling your organisation to remain resilient and compliant.
As companies in the UAE are required to adhere to IFRS, we offer specialised expertise to support your compliance journey. Our IFRS-related services include:
Helping you interpret and understand the complexities of IFRS and how they apply to your organisation.
Assisting with the practical application of IFRS standards within your finance and accounting functions.
Keeping you informed about the latest developments, amendments, and trends in IFRS to ensure continued compliance.
Evaluating how new or revised standards affect the recognition, measurement, and reporting of income, expenses, assets, and liabilities.
Whether you're dealing with new standards or navigating updates to existing ones, we provide the insight and support needed to manage their impact effectively and strengthen your financial reporting process.
Benefits of IFRS Services
- Brings transparency to your organisation
- Improves accountability
- Brings efficiency
- Increases the reliability of the financial statements
- Helps VAT reporting
Importance of IFRS
Whether you're dealing with new standards or navigating updates to existing ones, we provide the insight and support needed to manage their impact effectively and strengthen your financial reporting process.
Financial information can be vulnerable to fraud, misinterpretation, inconsistencies, and weak estimation foundations. To avoid accounting anomalies, a clear framework is needed for measurement, recognition, and presentation of financial data in financial statements.
Businesses worldwide interact with multinational corporations (MNCs), making it vital to adopt a common accounting standard. IFRS ensures the reliability of financial reports, supports global trade, and contributes to economic development. It allows all users to interpret financial statements using the same set of criteria.
IFRS ensures consistent handling of financial transactions or provides a clear rationale for recognition. This consistency helps users of financial statements make well-informed and accurate decisions based on reliable financial data.
In a constantly evolving market, companies often restructure or acquire assets to preserve or enhance business value. IFRS offers specific guidance for such restructuring activities, which we can help you implement and reflect accurately in your interim financial statements. We also offer customised training programs, from basic IFRS and IAS concepts to in-depth workshops on recent amendments, designed to enhance your team’s technical expertise.
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