IFRS Advisory Services in UAE

What HLB HAMT offers?

Need for Opting for IFRS Consultancy Services from HLB HAMT

Choosing HLB HAMT for your IFRS consultancy services gives you several important benefits:

• Avoid Mistakes and Manipulation: We help you set up a clear system for measuring and presenting your financial information, which reduces the chances of errors or manipulation in your financial statements.
• Global Standards: With our help, you can follow international accounting standards that make your financial reports credible and easier to understand, which is essential when dealing with companies around the world.
• Better decision-making: We ensure that your financial activities are treated consistently, so clear explanations help your stakeholders make informed decisions based on accurate financial data.
• Increased Transparency: Our services improve how transparent your financial information is, helping investors make timely decisions.
• Enhanced Accountability: We help reduce the information gap between investors and your organization, reinforcing trust and accountability.
• Greater Efficiency: Our expertise helps you identify opportunities and risks, leading to better use of your capital.
• More Reliable Financial Statements: With our guidance, your financial reports will be accurate and trustworthy, ensuring that stakeholders have confidence in your numbers.
• Help with VAT Reporting: Since IFRS is now required by law for many companies in the UAE, we’ll help you understand how to meet these requirements, which is crucial for VAT compliance.

How HLB HAMT Offers Its IFRS Advisory Services?

• IFRS Adoption and Implementation: We help businesses adopt and implement IFRS standards smoothly.
• Guidance for Complex Standards: Our experts assist with tricky standards like IFRS 9 (financial instruments) and IFRS 15 (revenue from contracts with customers).
• GAP Analysis: We analyze your current practices to find gaps between what you do now and what IFRS requires.
• Impairment Testing and Modeling: We help you test and model for asset impairment according to IFRS guidelines.
• Revenue Recognition Processes: We assist in setting up proper processes and controls for recognizing revenue.
• Training and Knowledge Transfer: We provide training to ensure your team understands the new standards and how to apply them.
• Preparation of Reporting Manuals: We develop clear reporting manuals to guide you in financial reporting.
• Sustainability Planning: We help you create a plan for sustainability in financial reporting.
• Updating IFRS Policies: We assist in rewriting your IFRS accounting policies to align with any changes in standards.

Frequently Asked Question