UAE companies preparing financial statements under full IFRS should start getting ready for IFRS 18 before 2027 begins. The new accounting standard becomes effective for annual reporting periods beginning on or after 1 January 2027 and replaces IAS 1 for the presentation and disclosure of financial statements. For companies with a calendar financial year, there […]

Audit quality is receiving closer attention in Abu Dhabi Global Market. On 9 October 2026, the ADGM Registration Authority announced combined penalties of USD 100,000 against an ADGM-registered audit firm and its registered audit principal following an on-site inspection. The regulator imposed USD 65,000 on the audit firm and USD 35,000 on the audit principal. […]

As 2026 moves toward year-end, UAE businesses should look beyond routine accounting close and ask a more important question: Would the company’s financial records, tax reconciliations, corporate information and compliance controls stand up to an audit or regulatory review? That question matters more in 2026 because businesses are dealing with several overlapping requirements involving Corporate […]