The introduction of Corporate Tax in the UAE has heightened the requirements for businesses regarding accounting, administration, and financial reporting. What was once considered best practice is now basic compliance. All businesses must maintain proper books of account and prepare annual financial statements, which, with few exceptions, must adhere to International Financial Reporting Standards (IFRS). In the second part of the series, we discuss how businesses must now prepare annual financial statements according to specific standards.
Who We Are
RAA Auditing is a UAE-registered audit and accounting firm in Dubai, with extensive experience of auditing in both the UAE mainland and most of the free zones.
We are focused on providing entrepreneurial businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business’s lifecycle. Our audits aim to help clients mitigate risk, improve operational efficiencies, and safeguard their business by providing clarity that matter.
Our audit and liquidation assignments are led by independent auditors with a commitment to the highest standard.
For further information and assistance, please write to us at ask@raa-auditing.com