UNITED ARAB EMIRATES
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BDO has released IFRB 2023/08 IASB issues amendments to IAS 21 – Lack of Exchangeability.The IASB recently issued Lack of Exchangeability which amended IAS 21 The Effects of Changes in Foreign Exchange Rates. The amendments introduce requirements to assess when a currency is exchangeable into...
BDO has released ISR Bulletin 2023/04 Q2 2023 Sustainability Reporting Update (updated till 31 July 2023) which includes information on developments by the International Sustainability Standards Board (‘ISSB’), the European Union and other standard setters, that have been put forward relating to...
BDO has released IFR Bulletin 2023/07 30 June 2023 Period-end IFRS Accounting Standards Update. This IFR Bulletin summarises the activities in standard setting as they relate to entities that apply IFRS Accounting Standards. It also includes summaries of standards that have been issued but are...
BDO has released illustrative interim IFRS financial statements for the half-year ended 30 June 2023. This version includes illustrative disclosures relating to Pillar Two tax reform and is a great resource for anyone who must prepare or review interim financial statements as they reflect...
We are delighted to present our round-up of tax news and events for the GCC. The second quarter of 2023 has seen changes across the region with new initiatives, legislation, and technology, and a brand-new tax for the UAE.
BDO has released IFR Bulletin 2023/06 Implications of IFRS 17 for Non-insurers. While IFRS 17 Insurance Contracts has fundamentally changed how insurance contracts are accounted for by insurers, non-insurers may also be affected if they issue contracts that are within the scope of IFRS 17’s...
BDO has released ISR Bulletin 2023/03 summarising the first two sustainability standards issued by the ISSB on 26 June 2023. The Bulletin provides a concise list of the key requirements of the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2...
It is time for businesses to embrace a paradigm shift in risk management, that is the central theme of this year’s Global Risk Landscape Report. Global leaders in risk are trying to understand and manage risk multipliers rather than individual risk factors.
The IASB recently published Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7). The amendments are intended to enable users of financial statements to assess the effects of an entity’s supplier finance arrangements on the entity’s liabilities and cash flows and on the entity’s...