by Noorjahan S. Yargatti | May 9, 2020 | English Topics, Uncategorized
IAS 34 doesn’t clarify that which business entity should prepare an Interim Financial Report. IAS 34 applies when an entity that uses IFRS standards issues an interim financial report in its annual financial statements stating compliance with IFRS requirements. IAS 34...
by Noorjahan S. Yargatti | May 6, 2020 | English Topics, Uncategorized
There are many reasons for non-payment like customer may end up his business, not satisfied by what he purchased, etc. in this situation supplier will face difficulties in filing VAT returns because of bad debts. The registered supplier charges VAT to the customer at...
by Noorjahan S. Yargatti | May 6, 2020 | English Topics, Uncategorized
As an audit is an effort to check an entity’s statement of accounts, the audit report is outlined in the audit opinion. The checking of the books of accounts and other related information aids the auditor in forming an opinion which is the basis of the decision....
by Noorjahan S. Yargatti | May 5, 2020 | English Topics, Uncategorized
As per UAE VAT LAW there are certain conditions for claiming VAT on expenses. You cannot claim VAT for all your expenses. As you know, the UAE VAT LAW clearly sets out the conditions for business to recover input VAT on expenses and lists the expenses that are blocked...
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