Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Compliance is more than a checkbox — it’s the foundation of responsible business in Bahrain’s regulated landscape. Our Compliance Audit Services in Bahrain are designed to assess whether your organization adheres to relevant laws, industry regulations, tax frameworks, licensing conditions, and internal policies. Whether you operate in finance, healthcare, education, manufacturing, or nonprofit sectors, we help ensure your business is always operating within legal and operational boundaries.
As Bahrain strengthens its enforcement through the MOIC, NBR, LMRA, CBB, and other regulatory bodies, the risk of non-compliance can lead to penalties, license suspension, loss of investor trust, or damaged brand reputation. Our audits help you stay ahead of evolving rules — be it related to tax, labor laws, AML, GDPR, governance, or sector-specific mandates — and give you the tools to maintain continuous compliance with clarity and control.
Whether you need to meet regulatory submission deadlines, prepare for a government inspection, or enhance your internal control environment, our compliance auditors deliver comprehensive, practical, and industry-specific assessments. We not only highlight what needs fixing — we help you fix it. Proactively protect your business by partnering with Bahrain’s trusted compliance audit experts.
A compliance audit is a systematic review of an organization’s policies, procedures, operations, and records to verify adherence to applicable laws, standards, regulations, and internal protocols. Unlike a financial audit, which checks the accuracy of your numbers, a compliance audit checks whether you’re operating lawfully and ethically.
Compliance audits in Bahrain may cover:
Labor law compliance (LMRA & GOSI)
VAT and tax compliance (NBR)
AML/CTF for financial institutions
CBB requirements for regulated entities
MOIC licensing and business practice reviews
GDPR and data privacy
ESG or corporate governance reporting
We offer tailored audits for businesses across sectors in Bahrain, including:
Regulatory Compliance Audit – MOIC, NBR, LMRA, and industry authority mandates
Tax and VAT Compliance Audit – NBR filing, VAT documentation, refund eligibility
AML/Anti-Fraud Audit – Especially for financial, fintech, and trade businesses
Data Protection Compliance Audit – GDPR-style and cybersecurity risk reviews
Labor & Employment Compliance – GOSI, LMRA, contracts, and HR policies
ESG and Corporate Governance Audits – For listed firms and investor reporting
Donor or Grant Compliance – For NGOs and funded development projects
Bahrain’s business environment is undergoing rapid transformation, with increased focus on regulatory enforcement. Failure to comply can result in:
Fines and backdated penalties (especially VAT)
Suspension of commercial licenses
Revocation of CBB or sectoral approvals
Difficulty accessing financing or investment
Reputational loss and loss of trust from partners
Our Compliance Audit Services in Bahrain ensure you’re always on the right side of the law — with documented evidence to prove it.
Initial Consultation & Scope Setting
We understand your business, operations, industry, and relevant regulatory framework.
Document Collection & Policy Review
We assess current policies, procedures, registrations, licenses, and past filings.
Compliance Testing & Risk Scoring
We conduct walk-throughs, staff interviews, and sample testing across departments.
Audit Findings & Gap Analysis Report
Clear identification of non-compliance areas with explanations and visual grading.
Corrective Action Plan (CAP)
We guide you on fixing non-compliant areas and implementing sustainable solutions.
Post-Audit Monitoring & Support
We help your team adapt changes and prepare for future inspections.
Depending on your organization’s structure, our audit may include:
Commercial registration and licensing compliance
Internal policies (HR, finance, procurement, governance)
LMRA and GOSI employee records and statuses
VAT returns, filing accuracy, invoice standards (NBR)
Anti-Money Laundering (AML) procedures
Transaction monitoring and KYC/beneficial ownership documentation
Data protection policies (privacy notices, consents, retention)
Code of conduct and anti-bribery policies
Industry-specific regulations (e.g. healthcare, education, real estate)
CBB-regulated entities (banks, finance companies, insurance)
VAT-registered businesses needing NBR readiness
Government contractors & tenders requiring policy alignment
Non-profits & donor-funded organizations under scrutiny
International companies needing local law alignment
Startups seeking licenses, grants, or partnerships
Corporates undergoing internal restructuring, M&A, or leadership change
| Compliance Area | Risk Level | Status | Action Needed |
|---|---|---|---|
| VAT Filing & Documentation | Moderate | Partially Compliant | Standardize invoicing |
| LMRA & GOSI | Low | Compliant | Maintain quarterly audits |
| GDPR Readiness | High | Non-Compliant | Implement privacy policy |
| AML Controls (KYC) | Moderate | Needs Review | Update onboarding procedures |
We provide clear dashboards so you know where you stand — and how to improve.
✅ In-depth knowledge of Bahraini commercial, labor, tax, and financial law
✅ Experience auditing companies across 20+ industries
✅ Licensed and regulated professionals with international certifications
✅ Personalized audit frameworks — no cookie-cutter templates
✅ Practical, implementable solutions post-audit
✅ Ongoing support for remediation and policy development
Risk register creation and updating
Internal compliance manuals and SOPs
Compliance officer training
Board and executive-level briefings
Digital checklists and future audit preparation
Support for regulatory responses (NBR, MOIC, CBB)
Recognizing early signs of non-compliance can help your business avoid regulatory penalties, reputational harm, or legal disputes. Here are the most frequent red flags we uncover during compliance audits in Bahrain:
Failure to renew CRs or update activity codes can lead to penalties or operational halts by the MOIC.
Outdated or incorrect employee statuses, missing contracts, or unregistered staff under LMRA/GOSI are major compliance risks.
Invoices lacking TRN numbers, Arabic translation, or correct VAT breakdowns are red flags in NBR audits.
Businesses filing VAT returns without maintaining organized supporting documents risk being audited or rejected for refunds.
Operating services or trade not listed under your commercial license exposes your business to suspension or fines.
Especially for finance-related businesses, absence of proper AML documentation is a violation under CBB/NBR rules.
Internal governance documents, whistleblower policies, and HR procedures are often legally expected — not just nice to have.
Missing consent forms, unprotected user data, or undefined retention policies can violate data protection norms (increasingly aligned with GDPR).
Decisions taken without formal approvals (e.g. bank loans, shareholder changes) raise governance red flags.
Recurring mistakes in filings, payroll, or reconciliations suggest a breakdown in internal controls — a core compliance issue.
1. What is a compliance audit?
It’s an independent review of your business to verify compliance with applicable laws, internal policies, and industry regulations.
2. Is a compliance audit mandatory in Bahrain?
While not always legally required, it is highly recommended — especially for VAT, labor law, and regulated industries.
3. Who conducts compliance audits?
Certified auditors or consultants with expertise in Bahraini laws and sectoral regulations.
4. What areas does the audit cover?
VAT, LMRA, GOSI, licensing, internal controls, data protection, governance, industry-specific laws, and more.
5. Is the audit done onsite or remotely?
Both. We offer flexible models depending on the nature of your business and data access.
6. How long does a compliance audit take?
Anywhere from 3 days to 2 weeks depending on scope, size, and complexity.
7. Do I need to prepare anything?
Yes. We’ll provide a checklist — licenses, payroll, VAT filings, SOPs, contracts, etc.
8. What if my business is non-compliant?
We’ll help you fix it. You’ll receive a corrective action plan and support with updates.
9. Will the findings be reported to regulators?
No. The audit is private and confidential unless you request regulator support.
10. What industries need compliance audits most?
Finance, healthcare, education, logistics, nonprofits, startups, and real estate.
11. Do you audit for CBB compliance?
Yes. We work with licensed financial institutions to meet CBB reporting and AML standards.
12. Is the audit report accepted by MOIC or NBR?
Yes. Our documentation can be shared during inspections or upon request.
13. What’s the difference between financial and compliance audits?
Financial audits verify numbers; compliance audits ensure legal and procedural alignment.
14. Can a compliance audit help during a VAT refund application?
Yes. It ensures your records meet NBR’s standards and reduces risk of rejection.
15. What are the most common compliance issues in Bahrain?
Unregistered employees, VAT invoice gaps, AML lapses, expired licenses, and data privacy violations.
16. Do you help with corrective implementation?
Yes. We go beyond reporting and offer post-audit remediation support.
17. Can startups benefit from compliance audits?
Absolutely. It’s essential for funding, partnerships, and early-stage licensing.
18. Is this the same as an ISO audit?
No. ISO audits are for certification. Compliance audits are broader and more legal-focused.
19. Do you check data security policies?
Yes. We assess how you store, use, and protect client and employee data.
20. Can we audit one department only?
Yes. We offer modular audits — HR, finance, procurement, etc.
21. What documents do I need for an LMRA/GOSI compliance review?
Employment contracts, CPRs, salary slips, insurance forms, and attendance logs.
22. Do you audit donor-funded NGOs?
Yes. We ensure fund usage aligns with donor requirements and legal norms.
23. Can you assist in policy drafting after audit?
Yes. We can help build or revise your company policies and handbooks.
24. Are your audits court-admissible?
Yes, if needed — especially in labor, tax, or contractual disputes.
25. Do you issue a certificate post-audit?
Yes. We provide a formal compliance audit report and certification letter.
26. What if I’m being audited by NBR or LMRA already?
We can conduct a rapid pre-inspection audit to prepare you.
27. Is this a one-time service?
It can be one-time or annual. Many clients opt for yearly reviews.
28. Do you work with companies outside Manama?
Yes. We serve clients across Bahrain, including remote support.
29. How is the audit priced?
Based on number of departments, compliance areas, and urgency. Custom quotes are provided.
30. Can you train our staff on compliance post-audit?
Yes. We offer workshops on AML, VAT, HR compliance, etc.
31. Do you offer group compliance audits for holding companies?
Yes. We audit both subsidiaries and consolidated compliance reports.
32. Can non-profits get discounts for audits?
Yes, we support impact-driven organizations with tailored packages.
33. What if we have no policies in place?
No problem — we help you build compliance infrastructure from scratch.
34. How confidential is the audit?
Strictly confidential. We sign NDAs with every client.
35. What’s the first step to get started?
Simply contact us for a discovery session — we’ll assess your needs and propose a tailored audit plan.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
Below is an overview of our general pricing packages for our suite of services in Bahrain. Costs vary depending on factors such as the services we offer.
Read some reviews and success stories from our loyal customers who achieved their goals and how our expert solutions have made a lasting impact on their growth, compliance, and financial clarity. Your success is our greatest achievement!
Client
I am so happy to have chosen this company! Right from the start it was a very easy decision, I knew I am in the right hands. They contacted me with every update they had and always kept me up to date with all the information and steps that we will proceed next.
Client
Highly recommend for anyone looking to establish a company in Bahrain! Waqas Akram and his team made the entire process smooth and stress-free. They were incredibly knowledgeable, responsive, and handled every detail with professionalism.
Client
The team was highly professional, efficient, and knowledgeable. They ensured that all paperwork and procedures were handled smoothly, saving us both time and effort. I highly recommend their services to anyone looking out there.
Client
Abdullah and the team have been great in assisting me with related tasks. In challenging timeframes they've supported me to ensure our company operations can start in Bahrain without any issues. Thank you. I will recommed their services.
Client
I was extremely impressed with their services. Their expertise made everything smooth and hassle-free. I highly recommend Setup in Bahrain for anyone looking for their business here. Their professionalism and commitment to customer satisfaction are top-notch.
With years of experience and a highly qualified team, we bring unmatched expertise and in-depth knowledge of Bahrain’s financial landscape to every service we provide.
Choosing the right audit partner is not just a compliance decision — it’s a strategic one. Our firm is trusted by businesses across Bahrain because we deliver more than just reports; we deliver value. We combine deep local knowledge, international audit practices, and a commitment to personalized service. With each engagement, we focus on clarity, accuracy, and strategic insight, helping you turn regulatory obligations into business advantages.
We’re based in Bahrain, with a team that understands the intricacies of the local regulatory landscape, including NBR, MOIC, and CBB requirements. At the same time, we follow international standards such as IFRS and ISA, making our reports credible not only in Bahrain but across international markets. Whether you’re a startup, family business, or a multinational branch, we speak your language — both culturally and financially.
One of the main reasons businesses engage in external audits in Bahrain is for Commercial Registration (CR) renewal and loan or investment applications. Our reports are formatted and signed according to MOIC standards and accepted by banks and government entities. We ensure your financials are presentable, defendable, and submission-ready — saving you time, money, and back-and-forth headaches.
Your audit is conducted by highly qualified, licensed professionals with certifications such as CPA, ACCA, CIA, CMA, and relevant MOIC registration. This isn’t just about ticking boxes — it ensures your audit is legally valid, technically sound, and professionally defensible. Every report is reviewed through a quality assurance process before delivery.
We understand that time is often of the essence, especially when audits are required for CR renewal or funding rounds. Our audit teams are efficiently structured, with clear timelines, digital collaboration tools, and a client dashboard for real-time progress updates. Fast delivery does not mean shortcuts — we maintain audit integrity at every stage while honoring your deadlines.
Our audit services span across dozens of industries in Bahrain — from logistics and healthcare to fintech, hospitality, education, and real estate. We bring industry-specific knowledge to every engagement, understanding the nuances of each sector’s operational and regulatory challenges. This ensures our audit approach is relevant, tailored, and impactful for your business.
We don’t just audit and walk away. Post-audit, we provide hands-on support for any rectifications needed, help you submit to relevant authorities, and guide you on how to improve controls, accounting systems, and VAT compliance. Our end-to-end audit service ensures that you’re not left in the dark once the report is delivered.
Auditing involves handling sensitive financial and operational data. We are committed to total confidentiality, and our systems are secured through encrypted document storage, limited-access file sharing, and strict non-disclosure protocols. You can be confident that your information is safe with us.
We believe in clear, upfront pricing without hidden charges. Whether you’re a startup needing your first audit or a complex group with multiple subsidiaries, we offer fair rates and customized packages that align with your needs and budget. Value-driven service is part of our audit philosophy.
Many of our audit clients stay with us for years — not just for audits, but for ongoing accounting, VAT, advisory, and compliance services. We build long-term relationships based on trust, responsiveness, and results. As your business grows, we scale with you — helping you stay compliant, confident, and ready for every financial milestone.
Our external audit process is designed to be seamless, structured, and stress-free for your business. From the first consultation to the final signed report, we follow a transparent and proven methodology that ensures accuracy, accountability, and complete compliance.
We begin with a discovery session, where we understand your business structure, financial year, operational complexity, and industry-specific audit requirements. Based on this, we build a customized audit plan outlining timelines, required documents, and reporting goals.
Our audit team then conducts fieldwork and testing — either remotely or on-site — by analyzing your financial records, general ledger, VAT returns, and compliance documentation. We use advanced tools to cross-verify transactions, evaluate internal controls, and flag inconsistencies.
Before finalization, we present a draft report to your management team for discussion and clarification. Once all revisions are incorporated, we issue your official signed audit report, ready for submission to banks, investors, the MOIC, or CBB.
Throughout the process, you’ll have access to a dedicated audit coordinator and real-time status updates. We ensure you feel informed, prepared, and supported — every step of the way.
Over the years, we’ve earned the trust of businesses in Bahrain by consistently delivering audits that are precise, punctual, and practical.
✅ Reputation for integrity: Our firm operates with full independence, which means our reports carry weight with banks, investors, and regulators.
✅ Client-first approach: We’re known for being approachable, responsive, and easy to work with. Our clients value our professional communication and fast turnaround.
✅ Bahrain regulatory expertise: From MOIC filing formats to NBR expectations, our auditors are fully versed in local frameworks.
✅ Proven track record: We’ve successfully completed audits for hundreds of companies — including startups, family-owned enterprises, and international branches.
✅ Comprehensive support: From audit readiness checks to post-report implementation, we stand by our clients beyond just report delivery.
Our focus is not just on issuing a report — it’s on protecting your business, strengthening your credibility, and ensuring you’re always a step ahead.
Compliance is not optional — it’s foundational. In Bahrain’s evolving regulatory environment, staying compliant with financial laws is essential for license renewals, bank relationships, investor confidence, and public trust.
We ensure that your business meets all key regulatory obligations, including:
Commercial Registration (CR) renewal audits mandated by the Ministry of Industry and Commerce
Bahrain VAT compliance audits and alignment with NBR documentation requirements
Central Bank of Bahrain (CBB) audit guidelines for financial institutions and licensed entities
Adherence to IFRS and IAS audit standards, accepted locally and internationally
Proper documentation for intercompany transactions, foreign investments, and capital structures
Audit trail support for anti-money laundering (AML) and due diligence
With us as your audit partner, you don’t just meet the minimum — you gain peace of mind that your business is operating within the full scope of Bahrain’s legal and financial framework.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
With a reputation for precision, and excellence, we are here to support your business growth while ensuring compliance with Bahrain’s financial and regulatory standards.
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Accounting, VAT, & Audit Services by famabh