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The most important detail
What are IFRS, and why do they matter?
International Financial Reporting Standards (IFRS) are a set of guidelines that businesses use to present their financial information. Before IFRS, each country had its own system for reporting financial information, which could be difficult and time-consuming to switch between. IFRS aims to simplify this process by establishing a single, global standard for all countries.
The Federal Tax Authority (FTA) regulations include IFRS, which means that everyone has to follow it. This is particularly important because all businesses operating in the UAE, including individuals and freelancers, must keep records of their financial transactions and file Corporate Tax returns in accordance with the FTA's guidelines.
Implementing IFRS standards is a must for anyone running a business in the UAE. Failing to do so can lead to serious fines and legal issues.
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International Financial
Reporting Standards service
Reporting Standards service
We provide a seamless and hassle-free IFRS implementation services in UAE standards into your business operations. We help you organize your finances and bring them in line with these regulations, so that your company can operate legally in the UAE and beyond.
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IFRS implementation support and first-time adoption
Seamlessly transition from local rules and GAAP to IFRS with minimal disruption to your daily operations.
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Financial statement preparation
Drafting high-quality disclosures that are audit-ready and meet the rigorous standards of UAE regulators and banks.
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Gap analysis
Identifying differences between your current records and IFRS requirements to avoid non-compliance risks. -
Complex accounting consultancy
Expert guidance on intricate standards like IFRS 9 (Financial Instruments), IFRS 15 (Revenue), and IFRS 16 (Leases).
The importance of impact
assessments for IFRS
assessments for IFRS
In addition to ensuring compliance with UAE regulations, implementing IFRS also offers other benefits:
Enhanced credibility
Earn the trust of international banks and improve investor confidence by communicating in the global language of finance.
Tax and audit readiness
Make sure that your financial foundation is strong enough to meet the requirements of the Federal Tax Authority (FTA) without making any errors.
Market competitiveness
Standardized reporting makes it easier to compare your company to global competitors and to expand into new markets.
Better decision making
IFRS provide an accurate picture of your company's financial performance. Professionals developed these rules to ensure clarity and transparent reporting.
Take advantage of the
support of movingo dedicated
experts in IFRS consulting,
accounting, and reporting
support of movingo dedicated
experts in IFRS consulting,
accounting, and reporting
When following FTA rules, it is crucial to pay attention to all the details to prevent problems. This can be challenging without specialized knowledge, as IFRS includes around 40 accounting standards and 20 related comments. By entrusting this task to FTA-certified professionals, you can save time and ensure compliance. That's why we recommend choosing us for your financial reporting needs:
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Cost-effective solutions
You'll have access to a team of experienced IFRS consultants at a price three times lower than hiring and maintaining a full-time in-house team.1 -
Peace of mind
We stay abreast of the latest updates from the International Accounting Standards Board (IASB), so you receive high-quality, up-to-date IFRS services.2 -
Unbiased accuracy
Risk minimization through third-party oversight helps prevent internal reporting errors and significantly speeds up the external audit process.3 -
Scalability
Whether you are a small and medium-sized enterprise (SME) or a large conglomerate, we can scale our services according to the volume and complexity of your transactions.4
Why movingo?
We are your trusted business partner and advisor in the UAE and beyond. We handle all legal, financial, and tax matters related to doing business in the Emirate, including setting up a company, managing accounting, and paying taxes. We simplify complex business processes and help your company grow and scale successfully.
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Certified specialists
Our IFRS consultant have extensive experience working in the UAE and are certified by all relevant authorities (CPA, ACCA, ISO, AMCA, etc.) to handle transparent reporting in full compliance. -
Transparency and trust
Transparency is at the heart of everything we do. You always know exactly what you're paying for, without any hidden fees, surprises, or confusing terms. -
We have saved our clients over AED 5 million in fines
Over 400 companies are already operating in the UAE without getting fines.
What our clients says
Government agencies
we work with
we work with
The government agency that's in charge of collecting and enforcing federal taxes.
The government agency that's in charge of boosting economic growth, creating jobs, and helping businesses develop.
It's the main economic development authority in Abu Dhabi.
The government agency that handles the issuing of visas, ID cards, and driver's licenses for expats living and working in Abu Dhabi.
The main authority for planning, supervising, and regulating commercial, financial, and industrial activities in Dubai.
Our partners for
your success
Our clients
IFRS implementation FAQ
These are specialized consulting services that help companies transition their financial reporting from local accounting standards, such as GAAP, to International Financial Reporting Standards.
The IFRS is a mandatory requirement for businesses operating in the UAE.
It goes beyond compliance to enhance comparability with global counterparts, improve investor confidence, and streamline the capital-raising process.
All business operations in the UAE, including small and medium-sized companies and freelancers need IFRS implementation services.
The timeline varies depending on the complexity of your business. A typical implementation could take anywhere from 3 to 9 months.
The primary hurdles are data availability and IT integration.