Services
We offer several services:
- IT Governance, Risk &
Compliance (GRC) Audit.
- Vulnerability Assessment (VA)
& Penetration Testing (PT).
- Secure Configuration Audit (SCA).
Our Team
- Large team of professionals based in
Bahrain and offshore with 8 to 30 years.
- Led by professionals with hands-on
experience in managing, and consulting on, digital security and general IT advisory.
Audit and assurance services
Financial statement audit and review
We provide a wide range of assurance services that include statutory audit and reviews.
These services are provided in accordance with applicable international standards and are in line with local regulatory requirements.
Our audit process lies at the heart of our services and draws on our in-depth knowledge and the collective experience of our assurance services to provide detailed insight into our clients’ organizations.
We go beyond the basics to add value based on our knowledge of the client’s business drivers and individual sectors. Frequent communication with our clients ensures that they are brought up to speed on relevant matters. This personal engagement also enhances the relationship we share with our clients and adds value to the services we provide.
Compilation of financial statement
Compilation of financial statements relates to assisting clients in the preparation of their financial statements in accordance with International Financial Reporting Standards. Our services in this area focus on the presentation of all financial information provided by management.
Our extensive experience gives us a better understanding of client businesses and industry to enable the preparation of well-informed financial statements that meet required standards in the sector.
Based on an understanding of clients’ needs and our knowledge of their businesses, appropriate services will be suggested and discussed with our clients. These services will include matters/issues relating to their financial statements’ compatibility with applicable standards and review of compliance with IFRS.
Our service will always extend beyond just compilation to value-addition through providing advice on financial reporting enhancement.
Internal audit services
Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
Our underlining approach is based on the risk assessment and report on the results. We create a risk profile, carry out work in accordance with the plan; report findings along with recommendations to management and attend periodic review meetings, including audit committee meetings.
Specific agreed upon procedures
We assist clients to facilitate their business needs in relation to specific reporting and/or certification requirements by performing a set of agreed upon procedures with respect to specific matters and report on the factual findings.
The agreed upon procedures will be performed in accordance with international standards on Related Services applicable to the specific agreed-upon procedures engagements
Forensic services
We can assist businesses to remove any specific doubt concerning suspected matters. Such engagements will be based on a set of agreed upon procedures which will be designed to investigate and test the circumstances that led to a specific doubt.
Other attestation services
We provide a wide range of attestation services to assist businesses in assessing the validity of their process transactions and specific balances and enhance their controls and monitoring process.
The Kingdom of Bahrain will be the third GCC Member State to implement the unified agreement on Value Added Tax (VAT) on goods and services, following United Arab of Emirates (UAE) and Kingdom of Saudi Arabia (KSA).
As professionals’ we have experienced staff and procedures to manage and monitor the acceptance, planning, performance and review of tax-related work. We will help you in implementing strategies that will minimize your tax risks/exposures and result in minimized cost compliance with laws related to tax.
Our professional range of services:
- Value-added tax (VAT) Registration.
- Preparing and submitting returns.
- Value-added tax (VAT) impact assessment.
- System support and refunds.
- Resolutions inquiries.
- Review & reporting of tax implications. These may include the study of specific transactions or issues faced by the organization against the backdrop of existing company laws, government regulations and court stipulations.
- Evaluation of the company’s compliance with existing laws and regulations (Tax due diligence). Attending to concerns regarding potential tax liabilities and penalties.
- Organizational structure evaluation and design: Review of taxes and payable duties and exemption analysis.
Advisory
Many acquisitions fail to live up to expectations. The reasons range from poor deal structure, poor strategic fit, failure to identify problems with the quality of earnings, overly optimistic estimates of synergies, to lack of an integration plan.
Evaluating a company in another country compounds these risks. You are dealing with a different language and cultural barriers; different business ethics, legal systems, filing regulations, and accounting principles; transfer pricing that affects taxation – and often government involvement.
But international deals often provide the best growth opportunities. They can offer improved returns from economies of scale, new target markets for existing products/services, access to commodity materials, and a hedge against seasonality.
Even savvy managements and private equity investors cannot know everything they should, to make a deal successful that’s why they need an experienced international advisor. We provide services that are specifically customized to meet the various needs of our clients. Our remarkable technical expertise serves as a platform for providing you with the right plan at the right time through an effective and consistent personal relationship with our clients and strategic management of business needs which promise low costs with minimum risks and enhanced profitability for the flourishing of your entity.
Our professional range of services:
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CORPORATE ADVISORY |
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q Business Valuation |
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q Corporate Finance |
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q Transaction Support |
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q Due Diligence Review |
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MANAGEMENT CONSULTANCY |
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q Feasibility Study and Business Plans |
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q Project Appraisal |
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q Environmental Study |
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q Business Research and Strategies |
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q Management Accounting, Control and Reporting Systems |
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q Operational Reviews and Profit improvement Studies |
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q Policies and Procedures |
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q Manpower Planning and Training |
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q Contract Negotiation |
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LEGAL |
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q Company Formation and Registration |
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q Amendment of Memorandum |
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q Transfer of Ownership |
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q Trade Mark and Patent Registration |
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q Liquidation |
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q Arbitration |
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q Legal Advices and Opinion |
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OUTSOURCING |
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q Payroll Services |
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q Payment Services |
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q HR & Administrative Services |
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q Book Keeping and Accounting |
Risk
