The law requires the business entity in Bahrain to submit the financial reports which are conforming to the International Financial Reporting Standards (IFRS) to the competent authorities with regular and timely updates based on your business operation
Accounting Standards in Bahrain
In commitment to support the moving towards a single set of high quality global accounting standards the Bahraini government has passed Article 219 of the Commercial Companies Law of the Kingdom of Bahrain (Decree-Law No 21 of 2001) requires that the auditor’s report to the state “Whether the balance sheet and the profit and loss account are conforming to the facts, and are prepared according to the international accounting standards or to the standards approved by the competent authority; and whether they include all that is provided for in the law and in the company’s articles of association and honestly and clearly reflect the actual financial position of the company.”
The Kingdom of Bahrain follows the International Financial Reporting Standards (IFS) which is a high-quality global accounting standard followed by major countries in the world. While conforming to the standards the business is required to follow compliances and regulations based upon their business operations in Bahrain.
Why choose BMS?
Our commitment to delivering high-quality assurance services is at the heart of what we do. And because we understand that, to achieve your potential, you need a tailored service as much as a consistent methodology, we work to give you the benefit of our deep sector knowledge, our full subject matter knowledge and the latest insights from our work worldwide.
Financial statement audit
We adapt our audit services to fit your unique needs, but what doesn’t change is the exceptional service quality we deliver to all our clients. Whether you’re already at the top or you’re on your way up.
At BMS Auditing, our Financial Statements audit lends credibility to our clients’ financial statements, as our auditors offer more to an assignment than merely ticking boxes. Through our global network, they have access to the knowledge of industry developments and international trends, which provides them with intrinsic awareness of the global marketplace and required local standards.
Our risk-based audit approach is applied consistently that fully complies with international auditing standards. We provide a consistent audit by assembling the right multi-disciplinary team to address the most complex issues, using a proven global methodology and deploying the latest, high-quality auditing tools and perspectives.
Other Audit and Assurance services include
i) Management and Internal Audit
ii) Corporate reporting
iii) IFRS reporting
iv) Regulatory compliance
BMS AUDITING & CONSULTING CO. S.P.C Unit 66, Building 104, Manama Center, Manama, Kingdom of Bahrain PH: +973 17664926| MOB : +973 35982893 firstname.lastname@example.org | email@example.com