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International Auditing and Assurance Standards Board (IAASB) and the New International Standards on Quality Management (ISQM)
In today’s regulatory landscape, audit quality is no longer a marketing statement — it is a measurable, structured, and internationally benchmarked system. At the heart of global audit quality standards stands the International Auditing and Assurance Standards Board (IAASB), the independent body responsible for issuing international standards that govern auditing, assurance, and quality management worldwide. For audit firms committed to excellence, compliance with the IAASB’s new International Standards on Quality Management (ISQM) is not optional — it is fundamental. Who
UK Sustainability Reporting Standards
The United Kingdom recently finalized its Sustainability Reporting Standards, which aim to create a uniform framework for how businesses disclose environmental and climate-related financial data. These regulations closely follow international benchmarks but introduce specific flexibilities regarding reporting timelines, particularly for complex value chain emissions and general sustainability risks. While the government currently promotes these standards for voluntary adoption, they are expected to become mandatory for listed and private companies following upcoming regulatory consultations. This initiative reflects a broader national effort to align corporate transparency with global ESG
Purchase Price Allocation (PPA): What Companies Must Know in the Corporate Tax Era (UAE)
With the introduction of Corporate Tax in the United Arab Emirates under Federal Tax Authority regulations, financial reporting and transaction structuring have taken on a new level of importance. One area that has moved from being a “technical accounting exercise” to a strategic tax and valuation matter is Purchase Price Allocation (PPA). If your company is involved in mergers, acquisitions, group restructurings, or business transfers in the UAE, understanding PPA is now critical—not optional. What is Purchase Price Allocation (PPA)?