United Arab Emirates

Financial Reporting Framework in the United Arab Emirates

Abu Dhabi

Since 2003, all companies listed on the Abu Dhabi Securities Exchange (ADX) are required to publish IFRS financial statements. Note that companies from UAE Emirates other than Dubai are listed on the ADX, in addition to Abu Dhabi companies.

All banks in the United Arab Emirates are required by the Central Bank of UAE to publish IFRS financial statements. Although IFRS is not required for unlisted companies other than banks, it is a considered best practice for these companies to adopt IFRSs.

Dubai

All companies listed on the Dubai Financial Market (DFM) are required to publish IFRS financial statements.

All companies listed on NASDAQ Dubai (formerly the Dubai International Financial Exchange, DIFX) are required to publish IFRS financial statements.

Outcomes from sixth IFRS Regional Policy Forum

Apr 02, 2012

A communiqué has been released from the sixth IFRS Regional Policy Forum held in Kuala Lumpur, Malaysia from 26-27 March 2012.

Outcomes from November 2011 AOSSG meeting

Dec 01, 2011

The third meeting of the Asian-Oceanian Standard-Setters Group (AOSSG) was held in Melbourne, Australia, on 23 and 24 November 2011.

More than 70 jurisdictions apply ISAs

Jul 11, 2011

On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym).

New page for United Arab Emirates

Dec 31, 2007

We have created a new jurisdiction Page for the United Arab Emirates setting out the IFRS requirements in the UAE.

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