UHY James - Audit l Tax l Advisory l Risk l Technology

Our team is growing, and we are looking for a seasoned compliance expert to join our compliance team as a #SanctionsScreening and #KYCAnalyst! Are you a proactive, detail-oriented, and skilled in financial crime compliance? If yes email your CV to careers@uhy-ae.com The ideal candidate for this role will be required to handle the following responsibilities: - Conduct sanctions screening and escalate matches. - Perform KYC reviews, including #UBO and adverse media checks. - Resolve alerts and ensure compliance with UAE regulations and global standards. - Stay updated on UAE laws and global sanctions regimes (e.g.,UAE, OFAC, UN, EU). AML professionals holding Bachelor’s degree in business, Finance, Law, or related field with more than 1 year of experience in sanctions screening or KYC will be preferred. Candidates carrying robust insights and knowledge of UAE laws, regulations, and #globalsanctions frameworks along with proficiency with screening tools and #riskmanagement practices would be an ideal fit. Reach out to us if you are seeking growth in a dynamic team in the realm of audit, advisory & consulting in the UAE. #uhyjames #uhyinternational #financialcrimecompliance #amlcompliance #kycreview

On April 09, 2024, the International Accounting Standards Board (IASB) published IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 will replace IAS 1 Presentation of Financial Statements as the primary source of requirements in IFRS Accounting Standards for financial statement presentation. While IFRS 18 introduces significant changes to the financial statement presentation, not all aspects of IAS 1 are being revised. In many areas, the requirements of IAS 1 are expected to be ‘brought forward’ into IFRS 18 substantially unchanged. There will be three sets of new requirements by the new standard which will: a. Improve comparability in the statement of profit or loss (#IncomeStatement) - Presentation of new defined subtotals in the statement of profit or loss where IFRS 18 requires items of income and expense will be classified into operating, financing, investing, income tax or discontinued operations categories, according to that, certain sub-totals will be required to be presented in financial statements, such as #operatingprofit. The operating profit sub-total is now defined in IFRS 18. These subtotals provide a consistent structure for the statement of profit or loss, thereby improving comparability. IFRS 18 will not affect how companies measure their financial performance and the overall profit figure. b. Enhance transparency of Management-defined Performance Measures (#MPMs) - Many companies report alternative performance measures or non-GAAP measures. When those measures meet the definition of management-defined performance measures, IFRS 18 requires companies to disclose reconciliations between those measures and subtotals listed in IFRS 18 or totals or subtotals required by IFRS Accounting Standards, for example, ‘adjusted profit or loss’ reconciled to profit or loss. c. Provide more useful labelling, #aggregation and #disaggregation of information in the #financialstatements - IFRS 18 sets out requirements to help companies determine whether information about items should be in the primary financial statements or in the notes and provides principles for determining the level of detail needed for the information. IFRS 18 also includes requirements for the presentation of operating expenses in the statement of profit or loss, disclosure of specified expenses by nature, and further information on items grouped together and labelled as “others”. Also, the new standard introduced narrow scope changes to the statement of cash flows with revised requirements for how the statement of cash flow will be presented, including the classification of interest and dividend cash flows. #IFRS18 is effective for annual reporting periods beginning on or after January 01, 2027 with earlier application permitted. Entities will be required to restate comparative periods. Email info@uhy-ae.com for a comprehensive understanding about new #accountingstandards and their impact on your business. #uhyjames #uhyinternational #ifrs18

An old African proverb, “If you want to go fast, go alone. If you want to go far, go together” deeply resonates with the #leadership values and #culture that is nurtured in UHY James. Last evening as yet another quarter and an exhilarating year came to a close, our Partners, Directors & Managers spent the evening together reflecting on the journey taken together as a team. Conversations overflowed about the myriad challenges that came along the way and how as a team we collectively joined the dots and overcame the roadblocks. When we reminisce the year gone by, we realise that the journey is always the hero of the story as it reveals - the depth of integrity, strength of character, innate tenacity and the intellect to excel and ascend - of the team as a collective force. Last evening was about celebrating the ace #professionals who lead the UHY James team to expansion & excellence. As a firm we are unflinchingly committed to our clients as we strive to script their success story, however it would not be possible without focusing on the ascension of our #leadershipteam. Growth is at the epicentre of all our endeavours and we emphatically believe growth is possible only when it is an inside-out journey. When our team grows, the growth of our clients is an inevitable and logical consequence. Evenings like yesterday are a subtle reminder that the years may fly, the deadlines will always be met but what will truly remain is the learning curve achieved through the curveballs and the leadership qualities built layer by layer that strengthen the potency of one’s professionalism. All said and done, UHY James lives by its ethos of “#Committedtoyourgrowthstory” - be it for our clients or our team. James Mathew Adil Buhariwalla UNNIKRISHNAN SUKUMARAN Tushar Jesrani Priyesh Kapadia Amit Mehta Amit Arora Eyad Al-Hasan, CPA, JCPA, CertIFR, IPSAS Bindu James #uhyjames #uhyinternational #leadershipmindset #auditors #advisory #uaebusiness #leadershipdevelopment

Is your business facing #regulatorycompliance challenges? Are you wondering the best practices to adopt to navigate the UAE’s robust regulatory landscape? Are you part of the #DNFBP sector like - Real Estate Brokerage Firms, #PreciousMetals & Stones Companies, Accountants or Auditors, Company Service Providers - and struggling to navigate complex regulatory requirements? If your answer to any of the above was yes, we can assure you that having access to our expert insights can help you elevate your level of regulatory compliance. Our team of #AMLexperts are well poised to handhold and guide your compliance related requirements with ease & efficacy. Do not let compliance shift your focus away from your business. We would be happy to guide and help your business in the following realms of compliance: - Expertise in DNFBP regulatory frameworks - Comprehensive compliance support - Comprehensive management of reporting and inspections Focus on your business growth while we take care of your compliance needs. Email us at info@uhy-ae.com to explore areas pertaining to AML compliance related requirements. #uhyjames #uhyinternational #antimoneylaundering #amlcompliance #uaebusiness #compliancesuppport

The Federal Tax Authority (FTA) has published Public Clarification No. TAXP007 and announced a grace period starting from 1st January 2024 until 31st March-2025 to update information in the tax period, at #EmaraTaxPortal, by filing amendment application. As per general rule, registrants are required to inform the FTA within 20 business days of the occurrence of any event that might require the amendment of information related to their tax records kept by the FTA, including the following changes: - - Name, address and email address. - Trade license activities - Legal entity type, partnership agreement for unincorporated partnership and article of association or its equivalent - Nature of the business of the registrant -The address from which any business is conducted by the registrant - Newly opened branch license etc. Failing to amend tax records within 20 business days can lead to penalties up to AED 5,000 AED for the first time and AED 10,000 AED for repeated offences. However, during the grace period, businesses can update their records without incurring penalty. Furtherance, any penalty already applied will also be reversed within this grace period and registrants are not required to contact FTA to obtain a reversal of the administrative penalty, as this will be done automatically. We, at UHY James, have a team of ace taxation experts who wield decades of experience, know-how and expertise in handholding businesses navigating the complexities of the UAE’s dynamic tax environment. Email info@uhy-ae.com and we will be happy to connect and collaborate to support your tax related queries. #uhyjames #uhyinternational #uaetax #FTA #fta #taxcompliance #uaebusiness

UHY International embarked on its journey as a global network in 1986 powered by the collaboration between two pioneering firms – Hacker Young in the UK and Urbach Kahn & Werlin in the US. The future forward partnership between both firms set the playing field for building a thriving global audit network that boasts of a global footprint across 100+ countries, 330+ business centres and 9700+ professionals today. The network adopted the abbreviated name ‘UHY’ in 2004. December 2nd marks the celebration of #UHYDay! We, at UHY James, brought in UHY Day a little later than other member firms within the network owing to a long weekend in the UAE. UHY Day is a glorious collective celebration firmly rooted in the foundation of Collaboration & Connection. On December 2nd member firms from across the globe celebrated the unified vision that drives the ascension of the UHY network, within their workplaces, spread across myriad geographies & time zones. UHY Day robustly reiterates the message of #ConnecttoPossibility as the global UHY network is an unequivocal force to reckon with. Honoring UHY Day our team celebrated the spirit of UHY’s collective strength, collaborative vision and commitment to connection while continuing to embody these principles through the services we offer our clients every day. Here is a glimpse into our small but significant celebration of UHY Day where we discussed about efforts to bolster the brand’s identity and fortify the referral journey with member firms within the network to inch towards expansion & uninhibited growth. James Mathew Adil Buhariwalla UNNIKRISHNAN SUKUMARAN Tushar Jesrani Priyesh Kapadia Amit Mehta Amit Arora Bindu James Eyad Al-Hasan, CPA, JCPA, CertIFR, IPSAS #uhyjames #uhyinternational #connection #collaboration #companyculture #uaebusiness

Our team is growing, and we are looking to bring on board a #SeniorInternalAuditor to join our Internal Audit Team in Dubai. The ideal candidate will assist the team in compiling the annual audit plan based on the individual assignment plans and help in allocating resources and schedule service delivery with clients. Further, update the annual audit plan when required. In the capacity of a Senior Internal Auditor the candidate will maintain cordial and professional relations with clients and ensure high level of service delivery to clients. Further, responsibilities include coordinating with the team for key documents including APMs, Checklists, Audit Programs, #RiskAssessment Templates and efficiently managing fieldwork in a disciplined, organized and professional manner. The ideal candidate must carry 4 to 5 years’ experience in a similar role and have a professional accounting qualification. Additionally, CIA qualification or equivalent, is preferred. Valid UAE Driving license is mandatory and key IT related skills is required. Email your CVs to careers@uhy-ae.com. #uhyjames #uhyinternational #internalaudit #riskconsulting #uaebusiness #uaejobs

- UAE #ranked1st in the Middle East and North Africa region for the 8th consecutive year in the IMD World Competitiveness Ranking 2024 - UAE #ranks1st globally in the Global Entrepreneurship Monitor report 2024 - UAE is the #worlds1st in the index of access to electricity - UAE is the #1stintheworld in the mobile subscriptions index - In the 9th edition of fDi Intelligence’s Greenfield FDI Performance Index, - UAE #attractedthemostFDI relative to its gross domestic product (GDP) of the 108 countries assessed - The UAE was the world’s #bestFDIperformer relative to the size of its economy in 2023 - The UAE #ranks1st among the global list of 89 leading economies in terms of economic stability, as per the US News & World Report 2024 ranking - UAE was the #1stcountryintheworld in which the number of Covid-19 tests have exceeded the population count in 2020 - UAE #ranked1st in the GCC, Arab World and the region in the per capita share of total health expenditure in 2020 - Dubai has been #rankedthetopcity in Middle East & Africa in the 'Global City Index 2024' - Ras Al Khaimah in UAE #ranks1st in "Expat Essentials Index" in the InterNations 2024 Standing tall by cinching the top spot in almost every realm of socio-economic development, UAE celebrates its 53rd year of independence powered by an expanding #expatpopulation, expecting annual #passengertraffic for 2024 to hit 93 million in Dubai Airports and establishing a playing field for estimated 6700 millionaires who are likely to drive #millionairemigration to the UAE. We, are committed to nurturing and furthering the UAE’s bold ambitions and proud legacy with unflinching faith in the country’s ace leadership and the trailblazing future UAE is set to script moving forward. Happy #53rdUAENationalDay! #uhyjames #uhyinternational #uaenationalday #uaebusiness

The UAE has almost 200 nationalities and we, at UHY James, are a team of almost 170 professionals who call the UAE - a home away from home! As the UAE gears up to usher in its 53rd National Day celebrations, our teams based across different emirates in the UAE showed up in colours reinforcing the vibrant hues on the UAE national flag. The four colours on the flag collectively reiterate the message of unity. White symbolises good deeds and generosity, green stands for growth and prosperity, black signifies strength, resilience and courage while red embodies the sacrifices made by previous generations of Emiratis in defence of the nation. Aligned to the solid hues of the UAE flag, our office teemed with the diverse shades of the UAE flag, driving home the simple fact that despite the differences in nationalities, languages, educational backgrounds, belief systems & professional capabilities - the UAE unifies millions of people as it nurtures dreams & aspirations and challenges comfort zones of its citizens, residents & tourists alike. #uhyjames #uhyinternational #uaenationalday #uaebusiness #audit #advisory #tax

The UAE nurtures a collective growth vision for its dynamic landscape and every year the country recognises and celebrates Commemoration Day (previously known as Martyr’s Day) on 30th November as a mark of respect to brave nationals who laid their lives to uphold the UAE's core values as a nation and preserve the country's safety and sovereignty. It was in 2015 that the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the second president of the UAE declared 30th November as Martyr’s Day/Commemoration Day. Commemoration Day is dedicated to remembering the services of Emirati martyrs who sacrificed their lives performing military, civil and humanitarian duties in the UAE and abroad. The country diligently walks the extra mile to provide support to the families & children of #martyrs through housing, education, healthcare & initiatives to enhance sporting, cultural & scientific skills. This Commemoration Day we honour & reflect on the endless #sacrifices made by martyrs to protect their homeland - may their efforts be respected, valued & treasured. #uhyjames #uhyinternational #uaecommemorationday #commemorationday #UAE #Dubai #uaeaudit #uaebusiness