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| Financial Statement Audit |
| Financial Statement Audit derives its importance from the fact that |
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It is an indispensible element of a healthy business operation |
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It is mandatory by state laws and regulations, especially for publicly traded and shareholding companies |
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Indispensible for successful mergers and acquisitions |
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A means to build investor trust that the company's management and the executive players are reliable in running the business |
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Investors rely on corporate governance and reporting for greater reliability, more oversight and clearer evidence of internal controls |
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| Therefore, the regulatory and investment requirements can be met through complete accurate information contained in a company's financial statements. The completeness and accuracy of information is depicted by certain means that include conducting financial statements audit, and here lies the role of Baker Tilly Kuwait to deliver quality audit services for companies and clients who |
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require an audit for statutory or regulatory reasons, associated with the filing of their annual and periodic financial information |
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need to address any specific regulatory reporting requirements |
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need to show compliance with regulations |
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require independent review of externally reported information and accountant reports |
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need to confirm accounting treatments with respect to complex transactions |
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need to follow up and keep pace with prospective accounting and regulatory changes |
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Our audit methodology is based designed to facilitate our ability to form an opinion in accordance with applicable generally accepted accounting principles. So, we assist clients with the application of and compliance with local specific statutory reporting requirements for Kuwait and other GCC and Middle Eastern markets.
So, you are more than welcome to contact us as your business ally whenever quality audit matters. |
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| IAS / IFRS Updates |
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October 2008
amendment for IAS 39 and IFRS 7 |
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| Law Decree on Enhancing Kuwait Financial Stability |
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