Accounting trends in UAE refer to the changes in the accounting practices, principles and regulations in the UAE. This includes the adoption of International Financial Reporting Standards (IFRS) and the implementation of the VAT system in 2018. Accounting professionals in the UAE need to keep up to date with the latest trends in the accounting industry in order to ensure their business complies with the regulations, and to remain competitive in the market. Common trends include the use of cloud-based accounting software, automated bookkeeping, and the use of Artificial Intelligence in audit & assurance.
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