Financial Statement Compilation Services

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Professional Assistance in Preparing Accurate Financial Reports

The intention of preparing financial statements is to use accounting and financial reporting skills to help management present accurate and professional financial reports, such as through VAT consultants in Dubai, without expressing any formal assurance on such statements.

As we do not conduct enquiries or procedures to confirm the accuracy of information furnished by management, we are required to ask for further details if information seems incomplete or inaccurate.

Professional and Timely Financial Statement Preparation

When a company needs timely and professional preparation of financial statements to be presented to owners, boards of directors, banks, or other third parties, our chartered accountants prepare the data furnished to us into neat financial statements.

Our Financial Statement Compilation Services Are:

  • Preparation of financial statements from information furnished by management
  • Making of all year-end accounting adjustments
  • Reversal and updating of disclosures in compliance with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)
  • Computation of deferred tax assets and liabilities in compliance with IAS and local rules
  • Calculation and disclosure of financial instruments in the financial statements
  • Disclosure and provisioning of employees' retirement benefits as and when necessary
  • Updating accounting policies to support the proper treatment of transactions
  • Correct inclusion of VAT transactions with sales and purchases reconciled against declarations with the tax authority
  • Preparation of a standalone report including variance analysis between the current and last period, as well as financial ratio analysis

Our thorough approach makes your financial statements complete, compliant, and professionally presented to address all stakeholders' needs.

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