Category: Audit

In this article, let’s delve deeper into understanding the International Financial Reporting Standards for Small Medium Enterprises.   Definition of SME’s as per Corporate Tax law: As per Ministerial Decision…

Spectrum Auditing conducted an enlightening webinar on 28th September 2023 on “Internal Control over Financial Reporting (ICFR)“. You can watch more webinar videos on our Spectrum Auditing’s YouTube channel.  …

Preparing reliable financial information is a key responsibility of the management. Management’s ability to fulfill its financial reporting responsibilities depends in part on the design and operating effectiveness of the…

In the UAE, mandatory audit/audits requirements can vary based on factors such as the type of company, its legal structure, its size, and its business activities. To comply with the…

Effective financial management is a critical aspect for businesses of all sizes. In order to navigate the complex realm of accounting and auditing, it is imperative to seek the assistance…

When it is Audit time for a company, there are key basic requirements that needs to be kept in mind by the accounts department or a financial head of a…

Dubai is a business hub and this city witness lot of business owners and investors every year. The reason is there are business friendly policies, tax benefits, and an easy…

Companies registered in different countries comply with various applicable laws, rules, and regulations. The businesses concerned which started a new venture or set up a company in Dubai need to…

After release of IFRS 15 – Revenue from contracts with customers (“IFRS 15” or the “Standard”), many companies have got impacted and had re-look at their accounting policies relating to…