Select a UAE entity, whether it is wholly or partially, owned by the government. Do your analysis, use your own wording, to highlight and indicate which of The International Public Sector Accounting Standards IPSAS this entity choose to adopt, compulsory or voluntary, to prepare its financial statements, support your finding by evidence from these statements, show the disclosures that confirm the fading, give examples how they treats the major issue and cases by adopting the IPSAS. Finally you have to judge whether the selected is in the line with IPSAS or not.

Answer rating: 100% (QA)

The Abu Dhabi National Oil Company ADNOC is a UAE entity that is wholly owned by the government ADNOC has chosen to adopt the International Public Sector Accounting Standards IPSAS on a voluntary basi... View the full answer