Foreign auditor for Kuwait accounts
Can our Indian CA sign the Kuwait company's accounts?
The situation
The auditor must be locally licensed and registered with MOCI.
The law
- Companies Law: annual statutory audit: Companies have their accounts audited each year by an independent auditor licensed and registered with MOCI
What it means for you
The auditor must be locally licensed and registered with MOCI, so a foreign firm cannot sign unless licensed in Kuwait. Your home adviser can still prepare schedules and support the audit.
What to do
- Engage a Kuwait licensed auditor.
- Share schedules.
- Audit.
- File.
We can do this for youAnnual statutory audit coordination and filing with MOCI: KWD 600