Accounting trends in the UAE to watch in 2023

Overview

The accounting industry in UAE is continuously evolving, marked by changes in its practices, principles, and regulations, which now include the adoption of International Financial Reporting Standards (IFRS) and the implementation of the VAT system in 2018. To stay competitive in the market and ensure compliance with regulations, accounting professionals in UAE must stay abreast of the latest trends, including the increasing use of cloud-based accounting software, automated bookkeeping, and Artificial Intelligence in audit and assurance.

Visit our website at https://maximsauditors.ae to learn more about the Latest accounting trends in the UAE to watch in 2023.