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
In Bahrain’s thriving business environment, audits are no longer a formality—they’re a necessity. Whether you’re a small startup, an established SME, or a growing corporate entity, ensuring your financial records are accurate, compliant, and audit-ready is critical for long-term success.
But here’s the truth: Not all audit firms are created equal. You need a reliable auditing partner who understands Bahrain’s regulatory environment, speaks your business language, and provides more than just a report at the end of the year. At Fama BH, we specialize in providing professional auditing services in Manama, Bahrain, tailored for businesses of every size. Our audit approach is built on:
Deep knowledge of Bahrain’s Commercial Companies Law
Expertise in IFRS-compliant auditing
Transparent communication, so you’re always in the loop
Whether you’re facing an upcoming statutory audit, a VAT compliance check by NBR, or preparing for a business loan—our audit services are designed to give you clarity, confidence, and compliance.
In Bahrain, companies are required to conduct regular financial audits as part of their obligations under the Commercial Companies Law. This includes:
W.L.L (With Limited Liability) companies
B.S.C (Bahraini Shareholding Companies)
Joint ventures and partnerships (depending on structure)
An external audit ensures:
Your books are accurate and compliant
Shareholders and directors are informed of the company’s financial health
You’re eligible for CR (Commercial Registration) renewals and license applications
Failure to submit audited financials when required can result in:
Monetary fines
Delay or suspension of business operations
Reputational damage with regulators and financial institutions
Whether you’re seeking investment or applying for a loan, audited financial statements act as a stamp of credibility. Investors and banks don’t just look at your P&L; they want assurance that the numbers are verified by a licensed, independent auditor.
Benefits of audited financials include:
Increased trust during funding rounds
Smoother loan processing and approvals
Faster CR renewals and fewer compliance issues
A professional audit demonstrates that your business operates with transparency and accountability—qualities that open doors to new partnerships and opportunities.
An audit isn’t just about ticking regulatory boxes. A thorough audit:
Identifies weaknesses in your financial processes
Highlights potential areas of fraud or mismanagement
Suggests improvements in internal controls and governance
By working with a proactive auditing firm like Fama, you can:
Spot and fix inefficiencies
Strengthen your internal processes
Ensure your business is resilient and scalable
Audits provide insights that go beyond compliance—they help optimize your operations and financial health.
Choosing the right audit firm isn’t about picking the cheapest option or going with a big name just for the logo. You need a firm that understands your business, aligns with your industry, and delivers value.
Ensure the firm you choose is:
Registered and approved by the Ministry of Industry, Commerce & Tourism (MOICT)
Licensed to provide statutory audit services in Bahrain
Recognized by banks, investors, and regulatory bodies
At FamaBH, our auditors are fully licensed, regulated, and compliant with Bahrain’s auditing standards, giving you peace of mind that your reports will be accepted by authorities.
Construction, retail, logistics, F&B, NGOs—each industry has its own nuances when it comes to financial reporting and audits. Partnering with a firm that understands your sector ensures:
Faster audit completion
Fewer errors and queries
More relevant insights and recommendations
At Fama BH, we bring sector-specific expertise, ensuring your audit isn’t just compliant but also strategically valuable.
A reliable audit firm will:
Provide clear, upfront pricing
Define the scope and deliverables in advance
Maintain open lines of communication throughout the audit process
We believe in zero surprise costs. Our audit proposals are fully transparent, with no hidden charges. Plus, you’ll always have a dedicated audit manager who keeps you informed at every step.
We conduct statutory audits that meet the requirements of:
MOICT
Shareholders and Board of Directors
External stakeholders (banks, investors)
Our statutory audit reports are prepared in accordance with International Standards on Auditing (ISA) and IFRS-compliant financial reporting.
Internal audits help identify:
Process inefficiencies
Operational risks
Internal control weaknesses
We tailor our internal audits to your business size and industry, providing actionable recommendations that help improve governance and performance.
With Bahrain’s VAT regulations tightening, businesses face regular compliance checks from the NBR. We provide:
VAT-specific audits and reconciliations
Review of VAT return filings
Assistance in preparing for NBR audit visits
Our VAT audits ensure you’re ready to defend your records and avoid penalties.
Need an audit for a specific event or transaction? We offer:
Grant audits for NGOs and non-profits
Due diligence audits for mergers and acquisitions
Compliance audits for government-related projects
Financial verification for investor reporting
These special audits are conducted with precision and confidentiality, ensuring your stakeholders have complete trust in your numbers.
Every audit begins with:
Understanding your business structure
Identifying key risk areas
Setting a detailed audit plan and timeline
This helps us focus on what matters and reduces unnecessary disruptions to your operations.
Depending on your preference and document availability, we conduct:
On-site audits at your premises
Remote audits via secure document sharing platforms
Hybrid models for larger or complex audits
Our team follows strict confidentiality protocols, ensuring your financial data remains secure.
Post-audit procedures, we prepare a draft audit report highlighting:
Key findings and recommendations
Adjustments (if any) needed in your financials
Internal control suggestions
We review this with your management team before finalizing.
Once feedback is incorporated, we issue a signed, licensed audit report that can be used for:
Regulatory filings
Bank submissions
Investor presentations
We ensure all reports are prepared in line with MOICT formats and ISA guidelines, so they’re accepted universally.
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