ECL stands for Expected Credit Loss, a concept used in financial accounting to account for potential losses that may occur due to credit risks associated with financial assets. The International Financial Reporting Standards (IFRS) 9 require companies to use an…

An external audit is a process that provides an independent opinion on a company's financial statements, operations, and compliance with applicable laws and regulations. This opinion is expressed by a certified public accountant (CPA) who is not an employee of…

Qatar has a relatively simple tax system compared to many other countries. There is no personal income tax in Qatar, but corporations do need to pay 10% percent of their profit share as tax. The simplicity of Qatar's taxation system…

As all other industries and professions have embraced the digital revolution, so must accountants and accounting firms. The world has already witnessed the collapse of several business empires due to technological redundancy. Taking heed of such lessons, modern-day accountants in…

In reference to the “Law No 10/2021 measures for hosting FIFA world cup, and Resolution No 9/2022 on tax and customs exemptions for hosting World Cup 2022”, resident and non-resident beneficiaries that have an agreement, directly or indirectly, with any…

Before we understand how a feasibility study can benefit your project, it is essential to understand what exactly is meant by a feasibility study. In simple language, a feasibility study is a survey or a pre-determination of the prospects of…