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…
Contents of Internal Control over Financial Reporting (ICFR)
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. …
Internal Control over Financial Reporting (ICFR)
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…
Is Audit Mandatory for Free Zone Companies?
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…
Top 10 audit and accounting firms in dubai UAE
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…
Audit – Requirements Check List
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 Development Authority Audit
Dubai Development Authority – Mandatory Submission of Audit Reports The Dubai Development Authority (DDA) has issued a notification to all the free zones falling under DDA regarding mandatory submission of…
Factors to consider before hiring an Auditor in Dubai
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…
Reasons to hire Auditing Services in Dubai
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…
IFRS 15: Revenue from Contracts with Customers
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…
Action on Money Laundering in UAE
The UAE Ministry of Economy and Commerce is taking action to bring auditing companies operating in the country to form a group with the Central Bank and other organisations in…
Business setup in Ajman Free Zone
Objective of Ajman Free Zone Ajman Free Zone (AFZ) was launched in 1988,it was formed with an objective to provide the businesses and investors a sustainable environment to help them…