Financial Statement Preparation & Analysis

This briefing document provides a comprehensive synthesis of the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs Accounting Standard), issued by the International Accounting Standards Board (IASB) in February 2025. The standard is designed for entities without public accountability and is based on full IFRS Accounting Standards, modified to address the specific needs of SMEs and cost-benefit considerations. The third edition introduces significant updates, aligning key areas with full IFRS standards to enhance

What Is UAE Corporate Tax? (Brief Recap) Because the regime is relatively new, many businesses are still adapting to the compliance landscape. Missing deadlines can carry serious consequences. The Scenario: Missed the September 30, 2025 Deadline — What Now? Suppose your company’s tax year ended on 31 December 2024, and the 9-month deadline to file (and pay) would thus fall around 30 September 2025 (which is consistent with FTA’s reminder). Here’s what typically unfolds when a taxable person does not

And Why Prabix Checks All the Boxes When you’re raising capital, selling a business, or preparing for due diligence, one critical piece of the puzzle is a credible, defensible valuation. Investors don’t just want a number, they want to understand how you arrived at that number, see the business risks fully accounted for, and know that the methodology used aligns with market, accounting, and legal norms. Here’s what makes a valuation firm trustworthy, followed by why Prabix’s Business Valuations offering