Baker Tilly Kuwait Celebrates 3 Years as a Great Place to Work Certified!
Baker Tilly Kuwait has earned the “Great Place To Work” Certification awarded by the US-based Great Place To Work®.
Read MoreImpairment Testing
Assets Impairment Testing includes preparing a report by a CMA-licensed Asset Valuator for evaluating whether the carrying value of a company’s assets exceeds their recoverable amount. This ensures the accuracy of financial statements and adhering to regulatory requirements and international standards. The Impairment Testing Report is prepared in accordance with the Capital Markets Authority’s Resolution No. 11 of 2024 Regarding Guidelines for the Valuation or Study of Impairment of Assets.
Read MoreInternal Audit Quality Assessment
Internal Audit Quality Assessment Service includes issuing an assurance report by a CMA-registered auditor on review and assessment of the internal audit function in accordance with the requirements set forth in Module 15 “Corporate Governance” 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 every three years no later than the 30 June.
Read MoreIncome Tax
Income tax service comprises performing a set of procedures by MOF-registered auditor including tax registration with Ministry of Finance for the foreign company operating in the State of Kuwait, auditing tax declaration, issuing auditor’s report and submitting the same to the competent department in MOF, following up on issuing the tax assessment letter, file tax objection and tax appeal, if any, and obtaining tax clearance certificate enabling the release of tax retention.
Read MoreSustainability Reporting Services
Sustainability reporting service encompasses developing a comprehensive report on sustainability aspects of listed companies and banks operating in the State of Kuwait as per the requirements of Capital Markets Authority and Central Bank of Kuwait. The report focuses on matters related to Environmental, Social, and Governance (ESG). Baker Tilly Kuwait is a registered member of the Global Reporting Initiative (GRI) and stands as the first company in Kuwait to achieve this accreditation.
Read MoreIT Internal Audit Service
IT Internal Audit service encompasses conducting an independent examination of the business entity’s information systems environment that includes activities of reviewing and evaluating data/information related to implemented information systems, practices, and operations against the IT regulatory and international standards requirements and/or approved policies and procedures, and issuing a report that provides reasonable assurance, on a test basis, regarding the effectiveness of the controls in place.
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