TECHNICAL ACCOUNTING AND IFRS ADVICE TAILORED TO YOUR BUSINESS
Almost every business in the UAE with a statutory reporting requirement must follow International Financial Reporting Standards (IFRS). The increasing complexity of financial reporting and the rapid pace of change have led to a significant increase in demand for expert accounting advice. AMA has a specialist team, supported by IFRS desk to help businesses navigate complex accounting matters expertly.
Our service offerings in each technical area include:
- Specialist technical advice
- Implementation services of new accounting standards
- Forensic/expert witness services in the application of accounting standards
- Training
- Preparation of accounting manuals and policies
- Preparation of financial statements
Training
We cater to our clients with a number of other assurance services. Our assurance team is well-equipped and possesses significant experience in delivering specialized services to meet the specific needs of our clients and different stakeholders. These other assurance services include:
Agreed Upon Procedures
There are certain areas or transactions where the audit engagement may not meet stakeholders’ needs. In such scenarios, clients and stakeholders look for specific work from auditors and reporting thereon. This is where agreed-upon procedures engagements play a critical role. Under such arrangements, we agree on specific procedures to be performed for focused work and reporting. The benefit of such engagements is that the work will be limited to what is required with precise outcomes and reporting.
Regulatory Reporting
Regulatory compliance can be complex and requires sector expertise. Complying with the spirit and letter of the regulatory framework is necessary. This involves establishing strong governance and aligning commercial objectives, risk management, and long-term business strategy. Our IFRS desk has the skills set to help you through this ever-evolving compliance area, whether mandatory compliance or voluntary.
The benefits we offer to our clients include:
- Deep understanding of the regulatory framework
- Wider expertise not just locally but globally
- Assurance over regulatory reporting and compliance
- Registered as a service provider with the regulator
