Tag Archives: UAE

Accounting Update – New UAE Companies Law requires IFRS

accounting update

The IFRS Foundation has announced a new Commercials Companies Law. Commercials Companies Law No. 2 of 2015 came into effect in the United Arab Emirates and requires all UAE (United Arab Emirates) companies to apply the international accounting standards and practices, namely IFRS. The previous laws had only required compliance with international standards and practices, which had been interpreted as

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