The Dubai Customs Authority has released Customs Notice No. (03/2026) and Customs Notice No. (04/2026), outlining updated customs procedures and introducing new temporary facilitation measures for goods movement seamlessly, including the activation of the Green... Read More
Most common mistakes made by companies under IFRS 10 Incorrect Assessment of Control Not Eliminating Intercompany Transactions Incorrect Calculation of Non-Controlling Interest (NCI) Not Recognizing Goodwill Properly Failure to Eliminate Intercompany Balances... Read More
Under IAS 23 – Borrowing Costs, borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset must be capitalised as part of the cost of that asset. These are costs that would have been avoided had the expenditure... Read More
Exciting developments in the world of financial reporting! The International Accounting Standards Board (IASB) has officially announced that IAS 1 – Presentation of Financial Statements will be replaced by the newly issued IFRS 18 – Presentation and Disclosure in... Read More
In the United Arab Emirates, climate regulation is governed by Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects (‘the Law’), which came into force on 30 May 2025. The Law establishes a binding federal framework for greenhouse gas... Read More
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