Baker Tilly Kuwait is an independent member of Baker Tilly International. Baker Tilly International is the world’s 8th largest accountancy and business advisory network by combined fee income of its independent members. Baker Tilly International is a leading worldwide network of high quality, independent accountancy and business advisory firms, all of whom are committed to providing the best possible service to their clients, both in their own marketplaces and across the world, wherever the client needs help.
As an independent member of Baker Tilly International, Baker Tilly Kuwait in the Middle East provides the following Accounting and Business Advisory services:
Our Assurance services include attestation services on statutory financial statements prepared at the yearend by listed and non-listed companies in accordance with International Financial Reporting Standards- IFRS. Read More...
Our relevant services include providing attestation services on financial information other than historical financial information. This service is widely used in relation to examining Projected and Forecasted Financial Statements, as well as examining Special Purpose Financial Statements. Read More...
Among our attestation services is the examination of the Internal Control Systems maintained by a certain entity. In this, we provide an opinion on whether the internal control system applied thereby is compliant in all material respects with specific criteria or conceptual framework related to the internal controls. Read More...
Baker Tilly Kuwait in Middle East also provide attestation services related to Agreed Upon Procedures (AUP) Engagements where we perform specific procedures agreed upon with specific party and we report the factual findings of these procedures to this party. Read More...
This involves the provision of outsourcing internal audit service for companies need to outsource internal auditing in Kuwait in order to examine the internal control system to evaluate and improve the effectiveness of internal controls, risk management and corporate governance, in accordance with the International Standards on Internal Audit. Read More...
As a Tax Advisory Firm in Kuwait, Baker Tilly Kuwait provides tax advisory services for taxable companies in accordance with the laws of the State of Kuwait, and the audit of Tax Declarations that should be submitted periodically to the Tax Department, Ministry of Finance, in respect of Income Tax on foreign companies that are operating within the State of Kuwait, as well as both National Labor Support Tax (NLST) and the Zakat paid by the Shareholding Companies in the State of KuwaitÒ Read More...
This service is to help our clients fulfill the requirements of the Regulatory Agencies in Kuwait as per the technical and timeline standards, and outline the necessary procedures for sustainable compliance with the regulatory requirements, to avoid such risks arising from noncompliance with the Regulators' instructions.
Among the regulators is the Central Bank of Kuwait who issue continuing instructions to the investment companies working under its control.
Also, Kuwait Stock Exchange is one of the regulators who issue continuing instructions to all companies listed on both Parallel and Regular Markets. Read More...
Baker Tilly Kuwait, provides high quality and cost effective outsourcing Bookkeeping and Payroll Services for foreign companies working in Kuwait to help them focus on their core competencies and achieving operational excellence. Baker Tilly Kuwait's innovative approach to accounting issues provides a cost effective solution for small and medium sized companies to take charge of their future and compete in today's market; thus allowing them to: gain more control, gain peace of mind, grow their business, and save time, energy, and money. Read More...
Baker Tilly Kuwait provides Accounting Reports for Ministry of Justice Accounting Experts, called "Forensic Accounting", either for a Judicial Bodies like courts of law or litigants like claimant or defendant on the commercial legal cases. Our forensic accounting services are rendered in accordance with the Kuwait Commercial Law, the Kuwait Private Sector Labor Law and the IFRS, the Regulations of the concerned Regulatory Authorities either the Central Bank of Kuwait or the Kuwait Stock Exchange or any other Authority. Read More...
Baker Tilly Kuwait in Gulf Countries Council (GCC) utilizes its industry knowledge in providing optimum liquidation solutions and scenarios that fit all concerned parties. Our Chartered Accountants in Kuwait are highly qualified to undertake the role of Liquidator, using their extensive experience and expertise to come into the optimal results relating to the realization of the assets of the company, and resolving all outstanding matters of the company, including the settlement of claims of all creditors. Our highly qualified team is keen on assisting our clients in all stages of liquidation process, from the beginning to the end, in a timely and appropriate manner. Read More...
Baker Tilly Kuwait, as licensed receivers in Kuwait, provides optimum liquidation solutions and scenarios that fit all concerned parties. Our Chartered Accountants in Kuwait are highly qualified to undertake the role of Liquidator, using their extensive experience and expertise to come into the optimal results relating to the realization of the assets of the company, and resolving all outstanding matters of the company, including the settlement of claims of all creditors. Our highly qualified team is keen on assisting our clients in all stages of liquidation process, from the beginning to the end, in a timely and appropriate manner. Read More...
Restructuring is meant to reorganize a company’s business model to be able to fulfill its debts and achieve its pre-set targeted profits. Successful restructuring of a company should reorganize its original business model as a result of a general economic recession or mismanagement. Read More...
Transaction Advisory Services are known as a set of integrated advisory services aiming at transforming a project idea proposed by an initiator into an existing effective project. Baker Tilly Kuwait has local and global deep-rooted professional experience in the provision of transactions advisory services with the assistance of local and global professional allies in other various specialties such as professional consulting firms specialized in construction, civil, and environmental engineering, and specialized supplies, and also in cooperation with the Law Consulting Firms in order to prepare the legal agreements required for business transactions, which give integration during the preparation of this type of studies. Read More...
This service involves the preparation of feasibility studies with regard to the establishment of a new company or adding new activity or expanding the activity of an existing company. The preparation of feasibility studies is based on our understanding of the business sectors in the State Kuwait and the opportunities existing within each sector. Read More...
This service involves the preparation of the Business Valuation for companies for various purposes including identifying the fair value of the company after years of its lifecycle or for entering a new partner or for exit of a partner. Read More...
Under this service We assist our clients in testing asset impairment and determining value for the impairment loss if any to be recognized in the financial statements.
Assets are impaired when their net carrying value (book value) is greater than their recoverable amount. Asset impairment occurs when there are changes in regulation and business climate, declines in usage rate, technology changes, or potential significant drop in the long-term profitability of an asset. Read More...
This involves the provision of mergers and acquisition advisory services. Rendering our consulting services on preparation of Business Valuation studies and due diligence and setting frameworks for negotiations and transaction completion shall increase the likelihood of successful completion of the mergers and acquisitions.
Baker Tilly Kuwait has a track record in carrying out several merger and acquisitions transactions inside and outside the State of Kuwait. Read More...
Any company needs to identify its activities and services based on market needs and stand on its future financial position to plan its resources accordingly. We assist companies (existing as well as new ventures) to build their business plans. Read More...
This involves the provision of finance consulting services for corporations which need liquidity for financing their business plans.
Baker Tilly Kuwait, together with its clients, examines the client's position according to an integrated financial analysis framework to identify the appropriate financing and help our clients in this context to prepare the Business Plan, take decision for increasing the capital from the existing shareholders, attract new shareholders and prepare the Private Placement Memorandum (PPM) and the Initial Public Offering (IPO) Prospectus. Read More...
This service involves the provision of our advisory services to ensure that the financial values are consistent with the items of the financial statements (financial position, Statement of Income, or Statement of Cash Flow) and with the assets and liabilities they reflect. This service is mostly required for Mergers & Acquisitions transaction for the purpose of giving the concerned parties the assurance that these transactions are accurate and that the terms of buy and sale are in accordance with the sought agreement of business transaction. This is what called "Due Diligence". However, if further limits are required, including conducting a technical or legal investigation, we play the General Advisor's role and nominate the necessary professional and technical advisors to perform that task. Read More...
This involves the provision of consulting services on investment opportunities for investors in Kuwait or abroad, who are looking for investment opportunities for their capital within the State of Kuwait in Private Equity or in Venture Capital, in order to achieve targeted operational and capital returns under a pre-targeted exit timeframe. Read More...
This service involves providing consultancy on risks to which companies are likely to expose during the operational lifecycle. They include operational, financial and credit risks.
As a Risk Management Firm in Kuwait, Baker Tilly Kuwait help clients examine all the potential risks on their businesses, arising from the working environment within or outside the company, by defining and monitoring their developments at early stage, and setting frameworks for dealing with them whether by mitigation or transferring into third party, to protect the rights of shareholders and stakeholders. Read More...
This involves providing consulting services on the preparation of the organizational structures of companies that are newly established in order to establish a business entity which can achieve its objectives for which it has been founded, by delivering rapid and recognized communication channels among the units of the organizational structure, and submitting the business results at the end to top Management. We also restructure or reengineer the organizational structure of companies that suffer from problem(s) in their existing organizational structure.
We also provide Consulting on Organization Development (OD) and Human Resources (HR) Systems in Kuwait including preparation of job descriptions, authority matrix, conducting salary surveys for jobs in specific business segment, design of salary and benefits systems, preparation of staff performance evaluation systems, and the annual training plans for the advancement of performance levels of staff up to the targeted levels of jobs’ requirements. Read More...
Baker Tilly Kuwait in Gulf Countries Council (GCC) is a leading provider of training courses on the International Financial Reporting Standards (IFRS) and IFRS Updates to the banking, financial and corporate sectors in Kuwait. Read More...
We provide value adding Quality Systems Advisory Services to help businesses achieve customer satisfaction, international recognition and performance excellence by qualifying them against the requirements of ISO Standards. Read More...
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Non-ISO Quality Systems
Baker Tilly Kuwait provides value adding non-ISO Quality Systems Advisory Services. Our package still encompasses the following non-ISO Quality standards that represent good match for your business. Read More...
