CDA by providing outstanding accounting services along with implementing competitive strategies enables the firms to achieve prosperity in the future and earn sufficient profits.
CDA provides its clientele with enormous accounting and auditing services to cater all their needs in the most professionalized manner without leaving any space for errors
The professionals at CDA carry out deep study on the clients and provide competitive opportunities to them along with mitigating any possible risks before-hand
The professionals at CDA ensure the compliance framework of the clients in Dubai and protect them from any kind of fines or penalties
Yes, as there are no other accounting standards for UAE so accounting standards like IAS or IFRS are mandatory. According to Commercial Company Law no 2 of 2015 all firms must comply with IFRS in maintaining their accounting records.
As a firm in Dubai, you will be engaging with businesses from all over the globe, and in such a scenario, maintaining accounts as per international standards plays a major role. Also, adopting IFRS will improve the accuracy and transparency of accounting records.
The statements that are to be prepared and maintained under IFRS are as follows: 1. Statement presenting the financial position, i.e., balance sheet 2. Statement of profit and loss along with income and expense 3. Statement describing equity changes 4. Cash flow statement
Yes, according to UAE law, all firms listed are required to follow the IFRS in their accounting activities.
Many sets of rules, principles, and standards are laid out by the International Financial Reporting Standards, which are to be followed by the firm engaging in business at an international level. So, these firms must mandatorily follow the standards and comply with them while performing accounting activities, which is known as IFRS compliance.
Reach out to Dubai's most reliable IFRS Advisory Services