IFRS advisory

Technical accounting support for complex reporting: IFRS adoption, standard-specific implementation and financial statements that stand up to audit and regulatory review.

We work alongside your finance team and auditors to resolve judgement areas early, document the reasoning and keep reporting consistent from one period to the next.

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What’s included

Where we help

IFRS 17 managed services

Ongoing IFRS 17 support for insurers: measurement models, period-end calculations, reporting and disclosures, delivered as a managed service.

Insurance regulatory reporting

Technical reserves review and calculation, the Financial Condition Report, CBUAE insurance regulatory returns, and the Own Risk and Solvency Assessment (ORSA).

IAS 19: employee benefits

Actuarial valuation of end-of-service gratuity and other employee benefit obligations, with the disclosures your auditor needs.

Technical opinions

Position papers on judgement areas, agreed in advance with your auditor.

IFRS 9: ECL models

Expected credit loss methodology, staging and model documentation.

IFRS 15 & 16

Revenue recognition and lease accounting implementation and remediation.

IFRS 18 readiness

Preparing for the new presentation and disclosure standard, effective for annual periods beginning on or after 1 January 2027: new income statement structure, management-defined performance measures and restated comparatives.

Financial statements

Preparation, disclosure checklists and audit-support packs.

Full scope

Everything under IFRS advisory

Technical accounting support across the reporting cycle, from standard adoption and valuations through to consolidation, disclosure and management reporting.

Impact assessment of new accounting standards

The quantified impact of upcoming IFRS changes on results, covenants and capital.

IFRS–GAAP conversions

Conversion between IFRS and local or US GAAP, with reconciliation schedules.

Implementation of new accounting standards

End-to-end adoption: policy, process, system change and opening entries.

Consolidation of financial statements

Group consolidation, intercompany elimination and non-controlling interests.

External audit liaison

A single technical counterpart managing auditor queries and PBC lists.

Treasury and capital reductions

Accounting and documentation for buy-backs, capital reductions and distributions.

Share-based payment valuations

IFRS 2 valuation of options and share awards, with vesting and charge schedules.

Purchase price allocation

IFRS 3 business combination accounting, intangibles identification and goodwill.

IFRS 17: insurance contracts

Measurement models, transition approach and disclosure readiness.

Directors’ and Chairman’s report preparation

Narrative reporting drafted to sit correctly alongside the financials.

IFRS disclosure review

Line-by-line disclosure checklist review before the statements go out.

Dashboard-based management reporting

Monthly MIS and dashboards reconciled to the statutory numbers.

Employee benefits accounting

IAS 19 end-of-service and gratuity provisioning, including actuarial input.

How we engage

01

Scope

Identify the affected standards, balances and judgement areas.

02

Analyse

Build the technical position and quantify the impact.

03

Document

Papers, models and disclosures ready for audit.

04

Embed

Update processes so the treatment stays consistent.

Who this is for

Insurers and insurance intermediaries, finance teams at regulated firms, groups preparing consolidated accounts, companies moving to IFRS for corporate tax, and businesses facing a complex transaction or a new standard.

Why teams choose RegLex

Judgements documented and agreed with auditors early
Models and papers built to withstand review
Fewer audit adjustments and late surprises
Reporting that satisfies regulators, lenders and the tax authority
Faq

Common questions

Do UAE companies have to use IFRS?

Most do. UAE company and free zone rules generally require financial statements under IFRS, and the corporate tax regime relies on them, with IFRS for SMEs permitted for smaller businesses.

What is IFRS 18, and when does it apply?

IFRS 18 replaces IAS 1 and changes how the income statement is presented, introducing defined subtotals and disclosure of management-defined performance measures. It applies to annual periods beginning on or after 1 January 2027, with comparatives restated, so preparation should start now.

Do you support insurers?

Yes. We provide IFRS 17 managed services, technical reserves reviews, the Financial Condition Report, CBUAE insurance regulatory returns and ORSA support.

Will you work with our auditors?

Yes. We agree technical positions with your auditor early, so judgement areas are settled before year-end rather than debated during the audit.

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Technical accounting, settled early.

Resolve the judgement calls before year-end, not during the audit.

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