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INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
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Period |
21/8/2022 - 25/8/2022 |
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Place |
Dubai - UAE
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Fees |
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| The International Accounting Standards Board (IASB) is continuing its drive to improve International Financial Reporting Standards (IFRS) previously known as International Accounting Standards (IAS). The objective is to develop a single set of high quality, understandable and enforceable global accounting standards.
More than 100 countries around the world have now adopted (or are currently adapting to) IFRS. Even if it is not legally binding to do so, many companies in the Middle East have decided to follow IFRS principles as part of their best practice procedures. In the European Union, it is now mandatory for listed companies to apply IFRS to consolidated financial statements.
The correct adoption of IFRS promises organisations many benefits including enhanced investor confidence, greater consistency and transparency of financial reporting as well as the ability to compare financial information from companies around the world.
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