The International Accounting Standards Board (IASB) has proposed updates to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) to align it with recent IFRS Accounting Standards like IFRS 9 and IFRS 15. These updates aim to reduce differences from full IFRS Accounting Standards while maintaining simplicity for small businesses.

On the 1st of June 2023, HLB Elyaa brought together all its staff for the half-year updates and general staff meeting at its office in Seef, Kingdom of Bahrain.

Terms like data analytics and AI are being tossed around on just about every earnings call this year as more companies look into the potential investment opportunities and accompanying risks of these technologies. Everyone is talking about it, but what are the implications in the context of today’s M&A market?

Leading through a perfect stormHLB Survey of Business Leaders 2023 ARE CONCERNED ABOUT INFLATION AS TOP RISK TO BUSINESS0% NAMES ‘FLEXIBILITY’ AS AN ESSENTIAL LEADERSHIP BEHAVIOUR IN TIMES OF CRISES0% HAS A CLEARLY DEFINED ORGANISATIONAL PURPOSE0% SEE TALENT ACQUISITION AS THEIR GREATEST WEAKNESS0% Cultivating the right leadership behaviours during times of crisis Leaders face an expanded risk radar as the … Read More

HLB REACHES TOP 10 GLOBAL RANKING IN ACCOUNTING NETWORKS

Welcome to HLB’s Global Annual Review 2021, where we discuss our performance and our impact on those in the HLB ecosystem. Despite the uncertainties of 2021, we experienced a record-breaking year which saw our network’s combined revenue grow by 25%. We are well on our way to reaching the top 10 position in global ranking and meeting the objectives set out in our business strategy. Find out how our global workforce adopted hybrid working practices and how we are performing against our social aspirations to help solve some of the most pressing issues of our time.

Elyaa Audit and Consulting Managing Partner, Khalid Marhoon (KM) was one of the keynote speakers at the recently-concluded Arab Gulf Forum for Accountants and Auditors held at The Grove Hotel, Kingdom of Bahrain from 14 to 15 of November 2018. KM discussed the ways and the best practices to prevent fraud and corruption in the organization which is also related to objectives and requirements of the International Standard on Auditing (ISA) 240 or also known as “The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.”

Leveraging on our international strength and capabilities we bring rich experience and relevant expertise into the implementation of VAT in the Region for numerous clients in diverse industry.

We continue the implementation exercise started by our global network team in UAE last year and are keen to ensure that our clients benefit from our cumulative experience.’’ Said Khaled Marhoon, Managing partner of Elyaa Audit and Consulting.

An evening when the Elyaa network celebrated their inspiration for quality, shared values of working as a team, understanding each other, producing ideas and providing insight.

Elyaa Audit and Consulting has won two international awards, Elyaa has been successfully chosen as the winner of the 2016 Corporate Intl Magazine Global Award ‘Audit Advisory Firm of the Year in the Kingdom of Bahrain’, the firm has also won the ‘2016 Most Outstanding Audit Firm in the Kingdom of Bahrain’ award presented by Corporate LiveWire’s.