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# 1 Audit Firms in Dubai,DMCC

New accounting rules provide no luxury of time

By Alya | Accounting Services, Annual Audit, Approved Auditors, Audit Services, Bookkeeping Services, DMCC, DWC, IFRS, JAFZA, SAIF | No Comments

New accounting rules provide no luxury of time Tougher norms require banks to immediately make it known in their books The International Financial Reporting Standards (IFRS) issued by the IFRS Foundation and International Accounting Standards Board (IASB) create a global framework for the preparation of financial statements of corporate entities. IFRS 9 has drastically altered […]

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FORENSIC ACCOUNTING TECHNIQUES TO DETECT FRAUD

By Alya | IFRS | No Comments

THREE FORENSIC ACCOUNTING TECHNIQUES TO DETECT FRAUD When it comes to detecting fraud, there are three forensic accounting techniques used. These are data mining with computers, review of other documents using various methods and conducting interviews. 1. Data mining with computers Data mining is about looking for anomalies, trends and patterns in the data relating to the business and its […]

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Audit in Oil & Gas Sector

Impact of IFRS 15 in Oil and gas industry in the United Arab Emirates

By Alya | Audit Services, IFRS | No Comments

Impact of IFRS 15 in Oil and gas industry in the United Arab Emirates Oil and gas industry in the United Arab Emirates Oil and gas in the UAE represent one of the core elements of the UAE national economy. Since the opening of the first oil fields, this economic sector has completely replaced such […]

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Due Diligence Audit in Dubai UAE

Understanding the Importance of Due Diligence

By Alya | IFRS | No Comments

Due diligence is an investigation or audit of a potential investment to confirm all facts, such as reviewing all financial records, plus anything else deemed material. Due diligence refers to the care a reasonable person should take before entering into an agreement or a financial transaction with another party. ALYA’s aim is to provide clients […]

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How Can IFRS 15 Affect Your Business

How Can IFRS 15 Affect Your Business

By Alya | IFRS | No Comments

How Can IFRS 15 Affect Your Business IFRS 15 Contracts with Customers introduced a huge change and a very difficult challenge for almost every single company.  We discussed with some of our friends CFOs or auditors, there are two types of reactions: Either people feel that this is A CHALLENGE and they ask me how IFRS 15 […]

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IFRS

New IFRS standards cause confusion among UAE firms

By Alya | IFRS | No Comments

The recently-implemented International Financial Reporting Standards (IFRS) have impacted UAE companies in a big way. Many firms started the implementation process late and are now trying to catch up, experts said at a conference in Dubai on Saturday. Padmanabha Acharya, partner, Audit and Assurance at Deloitte & Touche (ME), said three big IFRS accounting standards […]

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