IFRS Advisory Services
IFRS standards play a pivotal role in global financial reporting as countries across the globe are embracing them. It provides a global language for business affairs so that company accounts are more understandable.
The rules are being revised frequently to present useful and relevant information transparently to users thereby bringing fundamental changes to accounting processes for financial statement preparers.
With a sound financial reporting knowledge and industry experience, our practitioners can design/engineer accounting and financial reporting processes without much hassle.
What HLB HAMT offers
- IFRS adoption and implementation
- Implementation assistance with complex standards such as IFRS 9 and IFRS 15
- GAP analysis
- Impairment testing and modelling
- Revenue Recognition Processes and Controls
- Training and knowledge transfer process
- Preparation and development of reporting manuals
- Developing a plan for sustainability
- Assistance in redrafting of IFRS accounting policies in line with changes in accounting standards or adoptions.
We promise our clients a smooth and timely completion of the transition, with morale and authority. Our team of advisors are always up-to-date on the impacts in different entities and well placed to assist you in implementing and providing expertise on the transitioning implications of these new developments in international accounting standards.
Latest insights, case studies and news from across the network
Regulation of the submission of reports by multi-national companies in UAE
The United Arab Emirates (UAE) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements, that will be applicable to businesses that have a legal entity
Leading Industries in the UAE
The UAE has the most diversified economy in the GCC. The country was reliant on oil and gas for centuries; but of late the government has started giving equal prominence...
Economic Substance Regulations in UAE
The UAE Cabinet recently issued the Cabinet of Ministers Resolution No.31 of 2019, that requires all in-scope UAE entities to maintain an economic substance.