About Us
Alliance CA has extensive experience in providing IFRS Advisory services in The UAE. IFRS (International Financial Reporting Standards) is an international accounting standard that is widely adopted by several countries worldwide. Alliance CA maintains a pool of experts to assist our clients in the UAE with IFRS consulting services.
IFRS establishes a global business language and allows businesses to communicate account statements and financial reports globally. IFRS is growing increasingly important as more and more countries across the globe are adopting these standards. IFRS establishes universally accepted standards on how financial transactions are entered into financial statements.
Benefits of IFRS
Transparency in Accounting
FRS ensures data comprehensibility, aiding swift, informed decision-making by partners and investors.
Promotes Accountability
IFRS bridges communication gaps, facilitating clear financial understanding across cultural and geographical boundaries.
Efficient Financial Decision-Making
Enhances financial statement quality, speeding up opportunity identification and risk analysis.
Accurate Financial Statements
IFRS guidelines yield reliable, error-reduced financial statements, enhancing statement accuracy.
VAT Reporting Compliance
IFRS adherence simplifies VAT compliance for UAE-listed and LLC companies, following the 2015 Act.
How does a company benefit from
auditing services in Dubai?
The primary objective of auditing in the UAE is to ensure that an organization is in complete compliance with the regulatory standards, rules, and regulations applicable in the United Arab Emirates. To ensure that an organization complies with the laws of the land it is essential to conduct periodic audits from time to time. The audit process is also a crucial step in ensuring that an organization is meeting its stated business goals and that the organization’s financial, operational, and strategic vision is in line with its stated business objective. Furthermore audits help organizations with the following:
Data verification
Timely audits and data verification safeguard against financial mismanagement, error identification, accuracy assurance, and fraud detection within the organization.
Budgeting
Maintaining detailed financial accounts aids in budgeting for essential operations, aligning with the company’s vision, and planning for future growth.
Conformity
Professional auditing is crucial for ensuring a company operates in strict conformity with UAE rules and regulations, maintaining legal and financial integrity at all times.
Investor confidence
The audit process boosts investor confidence by evaluating operational health, ensuring alignment with vision, mission, and goals, and enabling informed investment decisions.
Unlocking IFRS Compliance with Alliance CA
Alliance CA offers deep understanding and guidance on IFRS requirements.
We align procedures to meet IFRS standards for efficient operations.
Stay informed and implement changes swiftly with our expert consultations.
Understand new guidelines' impact and adapt existing frameworks effectively.
Trust Alliance CA for smooth integration and compliance with IFRS protocols.
Why Choose
Alliance CA
Alliance CA provides its IFRS consulting services in a highly customizable format which ensures that we can meet and exceed the unique requirements of our clients. IFRS consulting services provided by us ensure that our clients stand out as more competent and credible when compared to their competitors. Besides IFRS, Alliance CA also provides Auditing and Assurance Services, VAT and Tax Consultations, Due Diligence Auditing, and accounting software support. Please feel free to contact us for all your accounting and auditing needs.
Frequently asked questions
External audits include financial statements audits, operational audits, and compliance audits.
A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.
Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.
Yes, external auditors can rely on internal audits.
Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.
External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.
IFRS Advisory services help clients with optimizing their audit and accounting practices in accordance with International Financial Reporting Standards and the protocols therein.
IFRS promotes financial data compatibility across regions and enables for faster, more efficient financial decision-making process.
Yes, for all companies listed in the UAE and for LLC companies operating in the UAE IFRS is mandated by law.