Latest Accounting trends in the UAE to watch in 2023

Overview

Accounting trends in UAE pertains to modifications in accounting rules, principles, and guidelines within the UAE region. These modifications include the approval of International Financial Reporting Standards (IFRS) and the introduction of VAT system back in 2018. It is essential for accounting experts in the UAE to stay up-to-date with the most recent trends in accounting to guarantee that their business adheres to the regulations and stays competitive in the industry. Some of the typical trends in accounting include utilizing cloud-based accounting software, automated bookkeeping, and integrating Artificial Intelligence in audit and assurance processes.

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