UNITED ARAB EMIRATES
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The IASB has published Exposure Draft (ED) 2023/5 Financial Instruments with Characteristics of Equity which proposes to amend IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements. These amendments may affect whether...
BDO's view on the application of IAS 29 to jurisdictions as at 31 October 2023.With increasing inflation rates and declining economic conditions around the world, more countries are becoming hyperinflationary, including three new jurisdictions that are expected to be hyperinflationary by the...
The scrutiny period for the European Parliament and the Council ended on 21 October 2023 without objection, meaning that the European Sustainability Reporting Standards (ESRS) have been finalised and will be brought into EU law. The Delegated Act for the ESRS was adopted by the European...
Tax continues to change and grow across the GCC. To keep you briefed on all the changes, we bring you our GCC tax round up for the third quarter of 2023, with clear, concise updates and insights from our experts around the Gulf.
IFRS Accounting Standards In Practice - IFRS 16 is BDO's comprehensive guide to lease accounting under IFRS 16. BDO's latest update includes dozens of illustrative examples, flowcharts and practice aids to help you understand all aspects of IFRS 16 including lease term, lease payments, lease...
Sustainability At a Glance - IFRS Sustainability Disclosure Standards summarises each of the standards issued by the International Sustainability Standards Board on a few pages.The ISSB issued IFRS S1 and S2 in June 2023. These standards set a 'global baseline' for disclosure of sustainability...
Much has been written – and will continue to be written - about the importance of sustainability in an organisation’s strategy, and communication with stakeholders. For many, the journey towards a sustainable future is in its infancy and inevitably these organisations will face the prospect of...
ESRS will require companies in the EU or that do significant business in the EU to disclose thousands of new data points on topics such as climate change, pollution, own workforce and business conduct. The requirements of the new standard are complex, and BDO’s Sustainability At a Glance...
The IASB is expected to issue a new IFRS Accounting Standard (expected to be IFRS 18) in the first half of 2024, which will significantly update the requirements for financial statement presentation. This new standard will introduce requirements for how the statement of profit or loss is...