Those entities, whose shares not publicly traded/unlisted companies/they do not have public accountability can prepare their financial statements under IFRS for SMEs.   The four main public securities markets in the UAE and their accounting requirements are as follows:   NASDAQ Dubai. The listing rules of NASDAQ Dubai require listed companies to prepare IFRS Standards financial statements.   Dubai Financial Market PJSC. The listing rules of the Dubai Financial Market PJSC do not specify a specific accounting framework to be used in the financial statements of listed companies. IFRS are permitted and are used by most listed companies.   Dubai Financial Services Authority (DFSA). The listing rules of the Dubai Financial Services Authority (DFSA) require all listed companies to prepare financial statements in accordance with IFRS Standards or other standards acceptable to the DFSA. The   Abu Dhabi Securities Exchange. The listing rules of the Abu Dhabi Securities Exchange require IFRS Standards.