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
Many businesses operating in Bahrain are entitled to VAT refunds, yet many fail to maximize their claims due to improper documentation, lack of awareness, or misunderstanding of the proces
In an increasingly digital world, technology is the backbone of business operations — and also one of the most vulnerable areas. From data breaches to regulatory non-compliance, the risks tied to IT systems can have devastating impacts on any business. Our IT Audit Services in Bahrain are designed to identify security gaps, assess system efficiency, and ensure your IT environment is resilient, compliant, and aligned with your business objectives.
As businesses in Bahrain adopt more advanced tools like cloud platforms, ERPs, and fintech integrations, the need for regular IT audits has become more critical than ever. Whether you’re using QuickBooks, SAP, Odoo, Zoho, or custom-built software — we audit the way your systems are configured, accessed, and monitored. We also ensure your IT infrastructure complies with relevant standards such as ISO 27001, CBB regulations, and local data privacy laws.
Our certified IT auditors work hand-in-hand with your internal team to uncover vulnerabilities, test disaster recovery capabilities, review user access rights, and provide practical, risk-based recommendations. Whether you’re an SME, enterprise, or a regulated financial entity — we’ll help you secure your data, optimize your IT operations, and align technology with compliance and governance.
An IT audit is a comprehensive review of your organization’s information systems, controls, processes, and infrastructure to determine:
🔒 Security – Are systems protected against cyber threats?
⚙️ Efficiency – Are systems optimized for performance and cost?
✅ Compliance – Are you aligned with regulatory and internal IT policies?
👥 Access Control – Are the right people using the right systems the right way?
💾 Disaster Recovery – Can your business recover from a system failure or attack?
Our IT audit in Bahrain covers the following key areas:
Network Security & Vulnerability Assessment
Access Controls & User Permission Reviews
Data Backup & Disaster Recovery Testing
ERP & Accounting System Configuration (e.g. SAP, Odoo, QuickBooks)
Cloud Storage and SaaS Auditing
Change Management & Version Control
IT Policies and Governance Reviews
Vendor Risk Management & Outsourced IT Checks
Compliance with CBB, MOICT, ISO 27001, and Cybersecurity Guidelines
GDPR-Related Practices for Bahrain-Based International Firms
Cybersecurity breaches, system failures, and compliance violations can cost Bahraini companies millions in losses, penalties, and brand damage. An IT audit helps you:
Prevent data breaches, ransomware attacks, and unauthorized access
Ensure compliance with CBB and data protection laws
Detect inactive accounts, excessive permissions, and login anomalies
Confirm your backup systems and business continuity plans are reliable
Identify system performance bottlenecks or misconfigurations
Review outsourced IT provider performance and SLAs
Avoid penalties during VAT audits by confirming system accuracy and traceability
| Audit Area | Findings | Risk Level | Action Required |
|---|---|---|---|
| User Access Permissions | 3 users had admin rights unnecessarily | High | Restrict access and enforce MFA |
| Data Backups | Backup system not tested in 8 months | Moderate | Schedule monthly backup drills |
| ERP Integration | Manual invoice posting to VAT system | Moderate | Automate integration with accounting tool |
| Antivirus & Firewall Logs | Expired license for antivirus | High | Renew subscription; audit endpoint usage |
| IT Policies | Missing documentation on BYOD policy | Low | Draft and circulate usage guidelines |
Every business that uses technology to store, process, or share information. Especially:
🏦 Financial institutions subject to CBB regulations
🏬 Retail & POS-based businesses handling daily transactions
📦 Logistics companies using ERPs or fleet tracking
🏥 Healthcare providers managing sensitive customer data
💻 Software companies and SaaS platforms
🏢 Any business undergoing digital transformation or cloud migration
Initial Scoping & Risk Assessment
System Walkthroughs & Interviews
Vulnerability Scanning & Network Tests
Policy Review (IT, BYOD, Data Handling, Access)
Sampling & Control Effectiveness Testing
Compliance Check with CBB, ISO, GDPR (if applicable)
Reporting with Visual Risk Heatmaps
Action Plan with Priority Rankings
Follow-Up Support for Remediation
We also offer:
SOC 2 Readiness Assessments
ISO 27001 Gap Assessments
Pre-Implementation ERP Control Reviews
Penetration Testing (via partners)
Third-Party Vendor IT Compliance Checks
Cloud Risk Management (AWS, Azure, Google Cloud)
🔐 Strengthen cybersecurity defenses
✅ Comply with Bahrain’s IT governance and financial regulations
🔄 Identify unused or risky system access
💰 Reduce IT costs and improve system ROI
🧾 Support VAT and financial audit traceability
📦 Improve ERP and SaaS performance
💡 Align IT with your overall business strategy
📋 Prepare for certification, tenders, or investor due diligence
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.
With increased digitalization and remote access, Bahraini companies — from SMEs to large enterprises — face unprecedented cyber threats. Phishing, ransomware, data breaches, and system hijacks are more common than ever. An IT audit helps you identify where your systems are most vulnerable, before attackers do. For businesses handling financial data, customer records, or internal trade secrets, a preventive audit is far less costly than damage control after an incident.
As businesses migrate from local servers to cloud-based infrastructure, ensuring cloud governance and security becomes critical. We audit:
Data encryption and retention policies
Multi-factor authentication setups
Vendor uptime SLAs
User permission models across cloud apps
Backup and rollback systems
Whether you’re using AWS, Microsoft 365, Google Workspace, or a hosted ERP — we assess the entire cloud environment for risks, efficiency, and compliance.
IT systems are often responsible for generating, storing, and filing VAT invoices, return reports, and transaction records. We help ensure:
Your ERP system is NBR-compliant
Invoice formats meet VAT guidelines
VAT codes are applied correctly on products/services
Integration between sales, finance, and tax modules is intact
This is crucial for audit trail accuracy — a misconfigured ERP can lead to VAT errors, penalties, or rejected refunds.
For financial institutions and fintech companies in Bahrain, compliance with CBB’s ICT Governance Module is mandatory. We audit:
Business continuity policies
Disaster recovery tests and documentation
System access controls
Risk assessments and IT governance frameworks
Secure configurations for online banking systems
We help ensure your IT framework is aligned with CBB mandates to avoid enforcement actions and maintain public trust.
Who has access to what — and why? Many security breaches start with mismanaged user access. We assess:
Dormant or duplicate user accounts
Admin rights granted without justification
Shared logins (a major red flag)
Password policies and authentication protocols
Our audits help implement principle of least privilege — giving users just enough access to do their job, nothing more.
If you’re outsourcing parts of your IT — such as hosting, support, or cybersecurity — those vendors can become a weak point. We audit:
SLAs, contract terms, and response times
Access rights given to vendors
Data handling agreements (especially under GDPR)
Termination and offboarding processes
A single vendor loophole can put your business at risk — we ensure third-party risk is controlled, monitored, and documented.
Most systems create logs, but few businesses review them. Our IT audit helps you:
Enable audit trails on ERP/accounting systems
Activate logging of user activity
Build IT dashboards that highlight login attempts, access changes, or system alerts
Document changes to invoices, journal entries, or configuration
These capabilities support both security and operational transparency, especially during financial or tax audits.
IT audits often reveal that companies lack structured policies — or worse, have policies that no one follows. We assist in developing:
Acceptable Use Policies (AUP)
Bring Your Own Device (BYOD) guidelines
IT Governance Charters
Password and backup policies
Response plans for data breaches and IT failure
A clear, updated policy framework reduces risk, improves staff accountability, and supports legal defense if needed.
A backup system is only useful if it works when needed. We evaluate:
Frequency of backups
Recovery time (RTO) and recovery point objectives (RPO)
Testing logs and success rates
Where your data is stored (on-site/cloud/hybrid)
Whether business continuity plans are documented and realistic
Business continuity and disaster recovery audits help you stay resilient in case of ransomware attacks, outages, or data corruption.
We don’t stop at reports. After the audit, we help:
Prioritize and implement security fixes
Train your IT and operations teams
Draft corrective action plans
Set up internal audit monitoring KPIs
Provide re-audit or follow-up reviews if needed
This ensures your IT systems continue improving even after the audit ends — supporting long-term digital resilience.
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.
1. What is an IT audit?
An IT audit is a comprehensive assessment of your company’s information systems, infrastructure, and processes to ensure they are secure, efficient, and compliant.
2. Why is an IT audit important for businesses in Bahrain?
Bahraini businesses face growing risks related to cybersecurity, VAT compliance, and data handling. An IT audit helps identify gaps and ensure regulatory alignment with CBB, NBR, and international standards.
3. What does your IT audit include?
We assess network security, user access controls, system configurations, ERP/VAT setups, data backups, IT policies, disaster recovery, and compliance documentation.
4. How often should an IT audit be conducted?
Ideally once a year or after any major system update, cloud migration, or regulatory change.
5. Is an IT audit mandatory in Bahrain?
While not mandatory for all businesses, CBB-regulated entities must undergo regular IT audits. For others, it’s a best practice that significantly reduces risk.
6. Can an IT audit help prevent cyberattacks?
Yes — by identifying vulnerabilities, unpatched systems, and weak access controls before hackers exploit them.
7. Will the audit disrupt my operations?
No. We conduct IT audits with minimal disruption by working during off-peak hours and coordinating with your internal IT team.
8. Do you audit cloud systems like AWS, Azure, or Google Cloud?
Yes. We evaluate configuration, access security, encryption, and service-level compliance of cloud platforms.
9. Do you check if my ERP is VAT compliant?
Absolutely. We ensure your ERP or accounting system generates VAT-compliant invoices, calculates tax correctly, and maintains traceability.
10. What industries do you support?
We serve businesses across retail, finance, logistics, construction, healthcare, education, technology, and more.
11. What frameworks do you follow during the audit?
We follow ISO 27001, COBIT, NIST cybersecurity framework, and CBB ICT Governance standards.
12. How do I know if I need an IT audit?
If you’re managing customer data, using accounting software, filing VAT returns, or handling internal systems — you need an IT audit.
13. Do you assess internal IT policies?
Yes, including BYOD, acceptable use, password protocols, backup procedures, and incident response plans.
14. How long does an IT audit take?
It depends on the size and complexity of your systems — typically 5 to 15 working days.
15. Can you help draft IT policies after the audit?
Yes, we offer post-audit support including IT policy drafting and staff training.
16. Do you test disaster recovery systems?
Yes, we check backup schedules, test restore processes, and evaluate recovery time and data retention.
17. What if I already have antivirus and firewalls?
Security tools are important, but they must be configured, monitored, and regularly tested — that’s where we come in.
18. Can you audit my outsourced IT provider’s performance?
Yes. We check SLAs, vendor access, risk exposure, and ensure your third-party providers meet security standards.
19. Will I get a report after the audit?
Yes — a detailed report with risk rankings, recommendations, and a roadmap for implementation.
20. Do you help fix the issues found in the audit?
Yes. We assist in prioritizing fixes and guiding your team or vendor through implementation.
21. Is the audit confidential?
Absolutely. All information shared or accessed is protected by NDA and handled with strict confidentiality.
22. Do you provide penetration testing?
We offer it through our cybersecurity partners as an add-on service.
23. Can an IT audit support my ISO 27001 certification?
Yes. It helps identify gaps in your ISMS and strengthens your preparation for ISO audits.
24. Do you audit custom software or apps?
Yes, we can assess coding standards, access security, integrations, and database structures.
25. What ERP systems do you cover?
We audit SAP, Odoo, Zoho, Tally, QuickBooks, Oracle NetSuite, and other systems used in Bahrain.
26. What is a user access control review?
We check who has access to your systems, whether privileges are appropriate, and how those are managed or revoked.
27. How can an IT audit help with compliance in Bahrain?
By aligning your systems and processes with CBB, NBR, LMRA, and international standards — reducing risk of fines or investigations.
28. Do you review system logs?
Yes. Audit logs help detect unauthorized access, errors, or policy violations. We assess how logs are maintained and reviewed.
29. What’s included in your IT audit report?
Findings, risk heatmaps, screenshots, recommendations, and a compliance scorecard.
30. What if my systems are small or simple?
Even simple systems need regular audits — especially to check for dormant accounts, weak passwords, or lack of backups.
31. Do you audit IT teams or only the systems?
Both. We evaluate team responsibilities, documentation practices, ticket handling, and IT governance.
32. Can you assess SaaS tools we use like Google Workspace or Microsoft 365?
Yes, including user permissions, data sharing settings, and security configurations.
33. Will you train my staff on IT compliance?
We offer training sessions post-audit to reinforce security awareness and IT policies.
34. Do you offer follow-up audits?
Yes — either annually, bi-annually, or as needed after major system or staff changes.
35. Can IT audits reduce operational costs?
Yes — by identifying redundant systems, unused licenses, or inefficient configurations.
36. What happens if we fail the audit?
There’s no pass/fail — our goal is to assess, guide, and help you improve, not penalize.
37. Can IT audits help with business continuity planning?
Yes. We evaluate your BCP and recommend improvements to system redundancy, backups, and recovery timelines.
38. Do you help with GDPR or international compliance?
Yes. If you’re handling EU data, we assess GDPR compliance practices including consent, retention, and breach notification.
39. How do you assess network security?
We review firewall setups, access logs, antivirus updates, patch management, and endpoint control.
40. What types of risks do you identify?
Cybersecurity threats, data loss risks, unauthorized access, non-compliance, inefficiencies, and vendor dependencies.
41. Is IT audit useful for remote work environments?
Yes — we evaluate VPN security, remote access protocols, cloud usage, and endpoint protection.
42. Can IT audits support funding or investor readiness?
Yes. They demonstrate operational maturity and digital governance — key factors for investors.
43. Do you support multi-location businesses?
Yes. We audit branch-level IT practices and centralize governance structures.
44. Can I audit only one system like QuickBooks or Tally?
Absolutely. We offer focused audits based on specific systems or functions.
45. Can I get a free consultation first?
Yes — we offer a no-obligation consultation to understand your systems and goals.
46. Is this suitable for NGOs or educational institutions?
Yes — we audit their systems for donor compliance, data security, and efficiency.
47. Can IT audits prevent insider threats?
Yes — by identifying weak controls, excessive permissions, and poor monitoring practices.
48. How do you prioritize risks?
We use a risk matrix considering impact, likelihood, compliance exposure, and business continuity.
49. Will this help with IT budgeting?
Yes. Our reports highlight underutilized assets and areas needing investment, helping you plan smarter.
50. How do I get started?
Simply contact us — we’ll schedule an initial assessment and tailor a scope based on your business needs.
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