Accounting and Bookkeeping

The current company laws in the UAE require companies to maintain their books in accordance with the International Financial Reporting Standards (IFRS). Most of the authorities in the UAE requires that the audited financial statements to be filed on annual basis, regardless the size of the companies. As with any other principal-base standards, there are options in treating transactions given to the companies. Appointing a shared service center or accounting department outside the UAE to keep the books of a UAE entity may result in incorrect account treatment if the accountant does not fully understand the transactions, is not well-versed in the company and tax laws of the UAE.
In Crowe UAE, our local tax and accounting team will be able to support the UAE presence of the Multinational Companies to regularly keep or review their books and support with the annual financial audit process.