IFRS Advisory Services

To establish a standardised method of describing a company’s financial performance so that financial statements can be understood and compared across national borders.

Our clients can choose from a variety of Islamic Finance Advisory services.

 the International Accounting Standards Board issue accounting standards known as International Financial Reporting Standards. They are a standardised manner of describing a company’s financial performance, allowing financial statements to be understood and compared across national borders.

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    The goal is to create standards that bring global financial markets more transparency, accountability, and efficiency. 

    The growing complexity of financial reporting, as well as the rapid rate of change, has resulted in a considerable increase in demand for high-level accounting guidance from a specialist. Our knowledgeable and efficient advice staff will assist firms in adopting and implementing IFRS standards with ease.

    What services does AlFahad Tax Consultancies provide?

    • IFRS adoption and implementation
    • Implementation assistance with complex standards such as IFRS 9 and IFRS 15
    • GAP analysis
    • Impairment testing and modelling
    • Revenue Recognition Processes and Controls
    • Training and knowledge transfer process
    • Preparation and development of reporting manuals
    • Developing a plan for sustainability
    • Assistance in redrafting of IFRS accounting policies in line with changes in accounting standards or adoptions.

    We ensure a smooth and quick transition for our clients, complete with morale and authority. Our team of advisers is always up to date on the implications for various entities and is well-positioned to assist you in implementing and providing guidance on the transitional implications of these new international accounting standards.

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    Offices in the UAE

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