The UAE Commercial Companies Law No. 2 of 2015, effective from July 1, 2015, mandates all companies to adhere to international accounting standards and practices, including the preparation of consolidated financial statements as per IFRS. This ensures compliance with global financial reporting standards when preparing their accounts. However, this law excludes entities incorporated in the…
The HFZA has made it mandatory for the free zone establishments in the Free Zone to get their books of accounts audited from an independent auditor registered with the Authority to makes sure that the business environment within the HFZ is well-regulated and controlled
