Clients’ Funds and Assets
Actuarial Technical Reserves
Internal Audit Quality Assessment
Cybersecurity Audit as per CBK Framework

Clients’ Funds and Assets

Clients’ Funds and Assets Service includes issuing an assurance report by a CMA-registered auditor on compliance with rules and provisions set forth in Module 7 “Clients’ Funds and Assets” of the Executive Bylaws of Law No. 7 of 2010 regarding the Establishment of Capital Markets Authority and Regulating Securities Activities. The report should be submitted to the Capital Markets Authority no later than the 01 March of every year in Arabic language.

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Actuarial Technical Reserves

Actuarial Technical Reserves service includes preparing a report by actuary licensed by Insurance Regulatory Unit on the calculation of technical reserves to be set aside by the Company as per the requirements of the Executive Regulations of Law No. 125 of 2019 regarding Regulation of Insurance. Technical reserves represent the provisions for the insurer’s obligations towards the policyholders for the outstanding claims.

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Internal Audit Quality Assessment

Internal Audit Quality Assessment service includes issuing an assurance report by a CMA-registered auditor regarding the evaluation of the internal audit activity’s conformance with the Definition of Internal Auditing and the International Standards for the Professional Practice of Internal Auditing (Standards). The report also includes assessing the efficiency and effectiveness of the internal audit activity and identifying opportunities for improvement. The CMA Executive Bylaws require listed and licensed companies to engage an auditor to perform Internal Audit Quality Assessment every three years.

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Cybersecurity Audit

Cybersecurity Audit as per CBK Framework service includes preparing independent third-party cybersecurity audit as per the requirements stated in Cybersecurity Framework for Kuwaiti Banking Sector issued by Central Bank of Kuwait. The scope of cybersecurity audit covers all control sets, management practices, and governance, risk and compliance (GRC).

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Baker Tilly in Kuwait is an independent member of Baker Tilly International network based in the UK, ranked amongst the top 10 global accounting networks. The firm provides Audit, Assurance, Tax and Consulting services covering accounting, investment, actuarial, information technology and management to assist several sectors such as government, oil and gas, banks, listed companies, licensed companies and other entities.

Core Services

Audit, Assurance and Other Services

Audit, Assurance and Other Services

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Tax Services

Tax Services

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Investment & Asset Valuation Consulting Services

Investment & Asset Valuation Consulting Services

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Governance, Risk, and Compliance Consulting Services

Governance, Risk, and Compliance Consulting Services

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IT Consulting Services

IT Consulting Services

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Licensed Actuarial Consulting Services

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We Assist Foreign Business Entities

With handling their income tax affairs with the Ministry of Finance

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With preparing and submitting applications to KDIPA for establishing 100% foreign ownership

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Doing Business in Kuwait

Doing Business in Kuwait

Foreign entities around the world who are interested in doing business in Kuwait can now easily find all the needed information in our constantly updated guide developed by Baker Tilly Kuwait experts.

Contact us for further inquiries.
Our experts will assist you in establishing your business in Kuwait.

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