The Dubai Financial Market (DFM) has launched new AI insights for its iVestor platform, aiming to simplify company disclosures and financial reporting. This enhancement is part of DFM’s ongoing efforts to make the financial reporting process more efficient for listed companies and their stakeholders. With these new capabilities, iVestor users will benefit from advanced analytical...
Artificial Intelligence (AI) is significantly transforming financial reporting and auditing globally, with 72% of companies already piloting or using AI tools. This figure is projected to soar to 99% within the next three years, as highlighted in KPMG’s report titled “AI in Financial Reporting and Audit: Navigating the New Era.” This global trend is also...
The UAE has implemented a federal corporate tax with a standard rate of 9 percent, effective from the financial year commencing on or after June 1, 2023. This shift aims to enhance regulatory clarity, but recent alterations to reporting timelines have left many businesses scrambling to adapt. Recently, some companies in the UAE received notifications...