Oman
Latest Updates on Audit and Tax Regulations in Oman
Oman has introduced significant changes to its audit and tax landscape in 2025, aligning with global standards and enhancing compliance mechanisms.
Oman’s Evolving Business and Tax Landscape – February 2025 Highlights
Oman continues to make strategic strides in economic diversification, fiscal stability, and sustainable investment.
Oman’s Business and Tax Landscape: Key Updates for February 2025
Oman continues to strengthen its economic and regulatory framework, with several significant developments in February 2025 that impact businesses, investors, and multinational corporations operating in the country.
Enhancing Audit Quality:
The updates in ISA 315 (Revised 2019) significantly enhance the auditor's approach to risk assessment, leading to improved audit quality. Here's how auditors should approach each of the key updates, along with relevant analytical procedures:
IFRS 9 vs. Traditional Accounting Practices: What Accountants Need to Know.
The introduction of IFRS 9 Financial Instruments has significantly transformed how financial assets are classified, measured, and assessed for impairment.
Navigating the Oman Company Liquidation Process: A Comprehensive Guide
When a business in Oman reaches a point where it needs to cease operations, a formal company liquidation process is required to wind up its affairs legally and systematically.
Oman unveils Capital Market Incentives Program to boost economic growth
Oman's Financial Services Authority (FSA) has launched the Capital Market Incentives Program (CMIP), a transformative initiative aimed at invigorating investment and broadening participation in Oman's capital market.
Welcome To Our Monthly Newsletter
Oman’s Financial Services Authority (FSA) has launched the Capital Market Incentives Program (CMIP) to stimulate economic growth and investment. This new initiative offers businesses significant tax incentives and access to new market opportunities.
Navigating Principal vs Agent Considerations in IFRS 15: Key Insights and Practical Implications
Since the adoption of IFRS 15, revenue recognition has undergone a significant transformation, challenging entities across various industries to reassess how they account for their transactions.
IFRS 18: An Overview of Key Areas and Implications for Financial Reporting
The International Financial Reporting Standard (IFRS) 18, issued in April 2024, represents a significant development in the presentation and disclosure requirements of financial statements. Effective for reporting periods beginning on or after 1 January 2027, IFRS 18 supersedes IAS 1, marking a pivotal shift in how entities present their financial information.
Navigating the Challenges of IFRS 16: Practical Strategies for Accountants
Implementing IFRS 16, the accounting standard that governs lease accounting, has proven to be a challenging yet critical task for many organizations.
Understanding ESG: The Tragedy of the Commons
In today’s rapidly evolving landscape, ESG (Environmental, Social, and Governance) expertise is not just an advantage—it's a necessity. Training in ESG is essential across all industries and job functions.
