In the financial landscape of Qatar, it is crucial for businesses to have a reliable and skilled audit partner who can help them navigate the complex financial arena and stringent regulatory requirements. Besides, choosing the right audit firm ensures transparency, compliance, and financial integrity. Hence, in this article, we will discuss some of the leading audit firms in Qatar who stand out for their exceptional expertise and client-focused approach, and offer a comprehensive suite of services.
What are audit firms?
Audit firms are professional entities hired by different organizations to oversee and handle their financial affairs. These firms typically consist of accountants and auditors who manage the routine financial transactions and activities of the organization and assess the managed information respectively. Audit firms work in collaboration with businesses to ensure that all their financial details and transactions are up-to-date and accurate and all assets obtained by the company are through ethical and legal means.
Services offered by audit firms in Qatar
The Qatar government emphasizes the growth and development of audit firms as they verify and assess the fairness of the financial statements and accounts of companies operating in the country. Being given high regard, importance, and priority, this critical task requires time, effort, expertise, and knowledge in the relevant field. Using this understanding and proficiency, they offer the following services to companies in Qatar –
- Statutory Audit
- Taxation Audit
- Internal Company Audit
- Cost Efficiency Audit
- Company Financial Statement Audits
- Internal Audit
- Documentation filling
- Risk Management
- Corporate Governance audit
- Data quality and controls
- Business processing controls
- ERP controls
- Gap Identification & Analysis
The other core services include IT control, compliance audit, security audit, company management, and organizational structure audit. In addition, they monitor the company accounts based on international financial reporting standards and accordingly prepare detailed audit reports to disclose the financial position of the business.
Reasons to hire audit firms in Qatar
There are numerous reasons why you must hire an audit firm for your company in Qatar –
- Hiring an experienced audit firm assures that the accounting and finance functions of the business are in the best hands. It relieves the business owners of their time and mind space for the core activities of their company growth.
- Audit firms in Qatar accommodate licensed specialists who meet all the professional standards and hold expertise in all areas of financial audit and accountancy.
- Hiring audit firms is less expensive than employing an in-house accountant team. The business owner needs to pay them only for the work they get done by the audit specialists.
- The full-service accounting firms cover all the business accountancy needs and requirements of the company.
- Audit companies commit to keeping their clients updated about the progress of the audit and provide monthly reports on their finances and accounting. This helps business owners to make major decisions, do course corrections, and achieve business goals.
- Audit firms in Qatar believe in keeping the highest quality of services, professionalism, and client satisfaction. Their consultants, auditors, and accountants regularly update their skills and knowledge to keep up with industry developments and regulatory changes.
- Professional audit companies have specific approaches to address each client’s unique needs. They work closely with each company to better understand their operations, challenges, and financial goals.
Top audit firms in Qatar
The audit firms in Qatar consist of experienced and certified professionals. They usually perform tasks related to accounts and finance and are an important business structure for SMEs and MNCs. Here’s a list of top audit firms in Qatar:-
Shuraa Tax – Shuraa is one of the prominent names in tax management and consultation. They have a team of dedicated professionals who readily take on all the tax and accounting needs of their clients and help them navigate through the stringent tax laws and regulations of the country. From VAT assistance and Corporate Tax registration to accounting and book-keeping, Shuraa offers a wide range of services under one roof.
Aviaan accounting – Aviaan is renowned for providing exceptional audit services at reasonable prices. Their team is well-versed in employing accounting software and complying with the latest regulations and auditing requirements while verifying the financial statements and accounting books of companies.
Fuad Abdul Kareem & Partners – TGS Qatar – They specialize in providing bookkeeping, internal & external audit, tax, corporate finance advisory, and commercial legal services to diverse businesses in Qatar. Being a global dynamic accountancy and auditing network, Fuad Abdul Kareem & Partners provides opportunities for clients to enhance business development and make international trade easy.
Nabeel A.Al Saie Accounting & Auditing – Their team of highly skilled professionals is dedicated to providing audit and assurance services to its clients. Their accountants not only analyze the financial statements but also understand the vision and objective of their clients.
Ali Al Ansari & Mohamed Anwar Co. Auditors – A prominent member of the Forum of Firms at the International Federation of Accountants (IFAC), Ali Al Ansari & Mohamed Anwar Co. Auditors offer seamless and consistent services according to the requirements and needs of the clients. They are equipped with qualified accountants which makes them one of the leading audit firms in Qatar.
Antonio Ghaleb & Partner CPA – They leverage their professional experience and competency in managing all types of businesses and legal structures. Their key services include auditing, accounting, business advisory services, tax consultancy, corporate governance, Human Resources, and others.
SB & Partners Chartered Accountants – SB & Partners Chartered Accountants have a proven record of delivering high-quality auditing and assurance services in the most ethical and independent way. Moreover, they ensure continuity in routine business operations while carrying out an audit.
RSM Qatar- Shams Al Baharna Auditors & Consultants – They have an integrated team that shares skills, insights, resources, and a client-centric approach to understanding the client’s business. Their area of services includes audit and assurance, consultancy, tax compliance, risk advisory, IFRS, restructuring, and business and financial advisory.
Ahmed S. Al Sayed Accounting & Auditing – Ahmed S. Al Sayed Accounting & Auditing holds a strong background and experience in auditing, business consulting, financial, administrative, and economic feasibility studies, and submitting tax returns for businesses. They keep clients updated on the market risk and facilitate business solutions development.
JBA & Partner – They are one of the best audit firms in Qatar with extensive experience and knowledge in existing as well as emerging laws and regulations. They believe in providing a dedicated service approach, open communications, and proactive response in order to strengthen long-term clientele relations.
Eisa Alderbasti Accounting and Auditing – Their forte includes the combination of in-depth knowledge of the local business and governance and a high level of international expertise. They make certain to maintain a long-term relationship with clients by providing personalized services.
Partner with Shuraa Tax for success
Shuraa Tax Consultants and Accountants understand the complexities of the business environment in Qatar, and therefore, help businesses navigate them with expertise and accuracy. Their team is equipped with professional accountants and experienced auditors who provide businesses with every support they need, be it detailed financial audits, compliance checks, or other financial services.
So, whether you are a multinational corporation, a small and medium-sized enterprise, or a startup, let Shuraa support your strategic goals. Reach out to their advisor or simply visit www.shuraatax.com for further details.