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Can an Indian CA firm audit a Bahrain company

Can my CA firm in Delhi audit my Bahrain company's accounts for MOIC?

The situation

MOIC accepts reports only if issued by an MOIC licensed audit firm and stamped or signed by an accredited auditor.

The law

  • Commercial Companies Law and MOIC requirements: audited financial statements: WLLs, BSCs, partnerships limited by shares and foreign branches file audited statements through Sijilat within six months of year end, signed by two directors, audited by an MOIC licensed firm

What it means for you

A foreign firm without a Bahrain licence cannot sign the statutory report. The Delhi firm can help with bookkeeping and preparing statements, while a licensed Bahrain auditor signs. Group auditors often use a Bahrain network firm for this.

What to do

  1. Engage an MOIC licensed auditor.
  2. Let your home adviser prepare schedules.
  3. Share the audit timetable.
  4. File the signed report.

We can do this for youYear end accounts, statutory audit coordination and MOIC filing on Sijilat: BHD 600

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