IFRS Advisory Services

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardized way of describing the company’s financial performance so that company financial statements are understandable and comparable across international boundaries. They are particularly relevant for companies with shares or securities listed on a public stock exchange.

The mission is to develop standards that bring transparency, accountability, and efficiency to financial markets around the world. IFRS Standards are now required in more than 140 jurisdictions, with many others permitting their use.

Presentation of financial statements

IFRS financial statements consist of:

Comparative information is required for the prior reporting period.

Companies in the UAE are subject to the IFRS and we provide professional expertise in understanding and complying with these standards. Our services mainly include:

  1. Assistance in understanding the IFRS standards and its requirements.
  2. Support in the implementation of standards with regard to the field of finance and accounting.
  3. Providing updates on the IFRS so that you can keep up with the changing trends and guidelines.