An IFRS Review Service in Dubai involves a detailed examination of financial statements to ensure they align with the International Financial Reporting Standards (IFRS). This service plays a crucial role in enhancing the transparency, consistency, and comparability of financial reporting across global markets.
For businesses, especially those operating or seeking investments across borders, IFRS compliance is vital in UAE. It builds regulatory trust and boosts investor confidence, as stakeholders rely on accurate and internationally recognized reporting standards to make informed decisions. An effective IFRS review ensures that financial reports reflect the true financial position of a business, minimizing the risk of misinterpretation or regulatory non-compliance.
We follow a structured, transparent, and results-driven process to help your business meet IFRS reporting obligations efficiently.
We assist entities transitioning from local GAAP or cash-based accounting to IFRS standards.
Our process includes:
This ensures smooth, disruption-free migration aligned with UAE regulatory expectations.
We perform a comprehensive IFRS Gap Analysis to identify deviations, classification errors, or non-compliance issues.
By detecting potential misstatements early, your business can correct discrepancies proactively, avoiding audit complications, FTA inquiries, and regulatory penalties.
Our consultants ensure your financial notes, accounting policies, and risk disclosures fully meet IFRS and UAE statutory requirements.
Ensure your reports meet IASB, DFSA, and FTA standards.
Meet local UAE reporting rules and global IFRS requirements seamlessly.
Strengthen stakeholder confidence through credible financial disclosures.
Our reviews highlight strengths, inefficiencies, and risk areas in your reporting.
Spot red flags early and prevent future compliance issues or penalties.
Tailored services for startups, SMEs, and large multinational entities.
At Dx & Rise, we tailor our IFRS review service in Dubai, UAE to suit businesses of all sizes and sectors. Our expert team conducts a comprehensive assessment of your financial statements, identifies gaps or inconsistencies, and provides actionable recommendations for alignment with IFRS. We use up-to-date accounting software, industry best practices, and deep regulatory knowledge to ensure your reports are not just compliant, but also easy to interpret.
Whether you are:
Preparing for a statutory audit or corporate tax filing
Transitioning from local GAAP to IFRS
Consolidating group entities across multiple jurisdictions
Or ensuring accurate reporting post-merger or restructuring
Our IFRS Review Service in Dubai and IFRS Compliance Solutions in UAE provide the regulatory insight and trusted expertise your organization needs to build stakeholder confidence and achieve sustainable growth.
An IFRS review focuses on evaluating whether a company’s financial statements comply with the International Financial Reporting Standards (IFRS) framework. It is an advisory process that identifies reporting gaps, evaluates accounting treatments, and ensures your books align with IFRS requirements before an external audit.
An audit, however, is a formal independent examination conducted to issue an opinion on whether the financial statements give a true and fair view of the company’s financial position. While an IFRS review in the UAE enhances compliance and accuracy, an audit verifies that the financials meet statutory assurance requirements.
Most businesses in the UAE should conduct an annual IFRS review to maintain accuracy and ensure compliance with the latest IFRS updates issued by the IASB. Regular reviews help companies align their financial statements with evolving global standards and UAE corporate reporting requirements.
Additionally, an interim IFRS compliance review is recommended when:
Consistent reviews minimize the risk of restatements, reduce audit findings, and help maintain investor confidence across Dubai and the wider UAE.
Yes, but the level of compliance depends on the business category and jurisdiction. In the UAE, most mainland and free zone authorities including DIFC, ADGM, and DMCC require companies to prepare financial statements according to IFRS or IFRS for SMEs for licensing, tax, and banking purposes.
For small and medium enterprises, IFRS for SMEs offers a simplified yet globally recognized framework. It ensures:
Our outsourcing function operates like an extended team for your business, whether you are a small business owner or a large corporation.
We schedule a call at your convenience.
We conduct a meeting to understand the requirements.
We prepare a proposal.
Select an element to maximize. Press ESC to cancel.
Select an element to maximize. Press ESC to cancel.