Finance
Top 5 IFRS Mistakes to Avoid in 2025 — Practical Guidance for Finance Leaders
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IFRS errors flow into CT return errors
25+
Active IFRS standards UAE entities must apply
Jan 2027
IFRS 18 effective (early adoption permitted now)
IFRS errors in financial statements now have direct CT consequences. Since Corporate Tax uses financial statements as the starting point, mistakes in revenue recognition, provisions or asset values affect taxable income and create dual risk: accounting restatement and tax exposure.
Top 5 IFRS Mistakes — and the Correct Approach
Action Checklist
01Conduct IFRS impact assessment covering all current-period standards
02Review narrative for consistency with financial results
03Document and version-control all complex calculations
04Standardise accounting policies across group entities
05Reconcile deferred tax workings to CT return
06Ensure related party disclosures match CT return
How Univia Can Help
Univia provides IFRS advisory covering technical implementation, financial statement preparation, deferred tax calculations and auditor liaison — building internal capability for consistent, accurate reporting.
Contact Univia: info@univiaglobal.com | +971 50 223 5283
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