The liquidation basis of accounting should be applied prospectively from the day liquidation becomes imminent. Entities that already are applying liquidation basis accounting as of the effective date will record a cumulative effect adjustment for any difference between previous measurements .
Agx Auditors provide liquidation services to all the entities located in Sharjah and mainland in UAE. We provide consultancy in relation to drafting various documents needed for liquidation, appointing a liquidator, cancellation of all the licenses, obtaining the required approvals, preparation of a liquidation report and advisory on exit procedures.
How Agx Auditors group can support you
• Our legal expert with professional experience will help you to go through the liquidation process.
• We will do all the necessary legal drafting and prepare notices for the liquidation process.