SKM International helps companies across the UAE apply IFRS correctly — from first-time adoption and accounting-policy decisions to the practical application of standards like revenue, leases and financial instruments, and the preparation of IFRS-compliant financial statements. Led by chartered accountants with Big Four experience, we turn complex standards into clear, defensible accounts — at an optimum, transparent cost.
SKM International helps UAE companies and groups adopt and apply International Financial Reporting Standards — turning complex requirements into clear accounting policies and compliant financial statements that hold up under audit and review.
IFRS is the language UAE companies report in — but applying it well takes judgement. SKM International provides IFRS advisory to companies across the UAE: first-time adoption, choosing and documenting accounting policies, working through the standards that cause the most difficulty, and preparing IFRS-compliant financial statements. The work is led by chartered accountants with Big Four experience at KPMG and Deloitte Dubai and EY Saudi Arabia — so the advice reflects how standards are actually applied and how they are tested in practice.
Here is where companies most often need IFRS support:
From a one-off technical question to a full IFRS implementation — practical, hands-on support across the standards UAE companies wrestle with most.
IFRS fees depend on the size of the company and the scope of the work — a single technical question is very different from a full implementation. We agree a clear scope and fixed fee upfront. Tell us where you need help and we'll come back with a proposal and timeline. No obligation.
The UAE recognises two IFRS frameworks. We help you choose the right one for your size and circumstances, then apply it properly.
Choosing the right framework matters — full IFRS can be heavier than a smaller company needs, while some entities are expected to use it. We help you decide based on your size, ownership, financing and reporting obligations, then apply the chosen framework consistently.
What stands behind SKM's IFRS work — the credentials, the experience, and the audit-grade understanding of how standards are tested.
Four phases, mapped to your filing cycle. Clear deliverables at each step.
IFRS work often sits alongside other services — an audit of the resulting statements, a business valuation, or Corporate Tax. We can handle the whole picture under one roof.
The questions UAE companies ask most about IFRS advisory and implementation. Need something specific? Speak to our team.
Most UAE companies prepare their financial statements under IFRS, and audited IFRS accounts are widely expected by free-zone authorities, banks, investors and for Corporate Tax. Smaller entities may use the simpler IFRS for SMEs framework. We help you confirm which applies to you and apply it correctly.
Full IFRS is the complete set of standards, with more detailed recognition, measurement and disclosure — expected for larger entities, groups and companies with external stakeholders. IFRS for SMEs is a simplified, lighter framework for smaller companies. We help you choose the right one and apply it consistently.
In practice, revenue recognition (IFRS 15), lease accounting (IFRS 16) and financial instruments and expected credit losses (IFRS 9) cause the most difficulty, along with business combinations (IFRS 3) and impairment (IAS 36). We help you apply each correctly and proportionately to your business.
Yes. First-time adoption is one of the most common reasons companies come to us — we handle the transition from another basis to IFRS or IFRS for SMEs, including opening-balance adjustments, transition choices and your first compliant set of financial statements.
Yes — that is the point. We prepare policies and statements with the documentation and disclosures auditors look for, so the review goes smoothly. With a Big Four background, we understand how IFRS positions are tested and build the work to withstand that scrutiny.
We start by understanding your current reporting and where the gaps or difficult judgements are, then agree a scope and fixed fee. From there we work through the relevant standards, agree accounting policies with you, apply them to your numbers, and deliver review-ready statements — efficiently and online wherever you are.
Yes. UAE Corporate Tax starts from your accounting profit, so accurate, compliant IFRS financial statements are the foundation of a sound tax position. Getting the accounting right first makes the tax filing cleaner and more defensible.
Fees depend on the size of the company and the scope of the work — a single technical question is very different from a full IFRS implementation. We agree a clear scope and fixed fee up front, with no surprises. Tell us where you need help and we will come back with a proposal and timeline.
Mon–Fri 9:00AM–6:30PM | Sat 9:00AM–3:00PM | CA-led IFRS advisory across the UAE