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
Enhance Efficiency, Ensure Accountability, and Drive Sustainable Growth
A performance audit is an independent, objective evaluation of an organization’s operations, programs, and activities. Unlike financial audits that focus solely on financial statements, performance audits assess the economy, efficiency, and effectiveness of organizational processes. The goal is to determine whether resources are being utilized optimally to achieve intended outcomes.
In Bahrain, performance audits are crucial for both public and private sector entities aiming to align with national objectives like Bahrain Vision 2030 and international standards such as the Sustainable Development Goals (SDGs).
Bahrain’s commitment to sustainable development and economic diversification necessitates that organizations operate efficiently and effectively. Performance audits help entities align their operations with national goals, ensuring that resources contribute meaningfully to the country’s progress.
Government bodies like the National Audit Office (NAO) conduct performance audits to ensure that public funds are used appropriately and that governmental programs achieve their intended results.
Performance audits provide stakeholders with insights into organizational operations, promoting transparency and accountability. This is particularly important for public sector entities and NGOs that rely on public trust and funding.
By identifying inefficiencies and areas for improvement, performance audits enable organizations to streamline processes, reduce costs, and enhance service delivery.
Our comprehensive performance audit services are tailored to meet the unique needs of organizations in Bahrain. We offer:
Assessing processes to identify inefficiencies and recommending improvements to enhance productivity and reduce costs.
Evaluating whether programs and initiatives achieve their intended outcomes and provide value for stakeholders.
Ensuring that operations adhere to relevant laws, regulations, and internal policies.
Analyzing how resources—financial, human, and material—are allocated and used, aiming for optimal utilization.
Determining whether organizational activities align with strategic goals and national objectives.
Our performance audit process is systematic and thorough, encompassing the following steps:
Planning and Scoping
Define audit objectives and scope.
Identify key performance indicators (KPIs).
Develop an audit plan.
Data Collection
Gather quantitative and qualitative data.
Conduct interviews and surveys.
Review documents and records.
Analysis
Compare actual performance against benchmarks.
Identify gaps and areas for improvement.
Reporting
Prepare a comprehensive report detailing findings, conclusions, and recommendations.
Follow-Up
Monitor implementation of recommendations.
Provide ongoing support for continuous improvement.
Engaging in performance audits offers numerous advantages:
Improved Decision-Making: Provides data-driven insights for strategic planning.
Cost Savings: Identifies areas where resources can be used more efficiently.
Enhanced Accountability: Demonstrates commitment to transparency and responsible governance.
Risk Mitigation: Uncovers potential risks and suggests mitigation strategies.
Stakeholder Confidence: Builds trust among investors, customers, and the public.
Our performance audit services cater to a diverse range of sectors in Bahrain:
Government Agencies: Ensuring public programs deliver value and comply with regulations.
Healthcare Institutions: Evaluating service delivery and resource utilization.
Educational Organizations: Assessing academic programs and administrative efficiency.
Non-Profit Organizations: Ensuring mission alignment and donor accountability.
Private Enterprises: Enhancing operational efficiency and strategic alignment.
Performance audits in Bahrain are governed by a robust regulatory framework:
National Audit Office (NAO): The NAO conducts performance audits of government entities to ensure effective use of public resources.
Labour Market Regulatory Authority (LMRA): The LMRA mandates periodic performance audits to assess the effectiveness of its programs and initiatives.
Bahrain Vision 2030: This national vision emphasizes the importance of accountability and efficient resource utilization, underscoring the relevance of performance audits.
Expertise: Our team comprises certified auditors with extensive experience in various sectors.
Customized Approach: We tailor our audit processes to meet the specific needs of each client.
Confidentiality: We maintain strict confidentiality and integrity in all our engagements.
Comprehensive Reporting: Our reports provide actionable insights and practical recommendations.
Continuous Support: We offer post-audit support to help implement recommendations effectively.
A: The duration varies depending on the organization’s size and complexity but typically ranges from a few weeks to a few months.
A: While not always mandatory, performance audits are strongly recommended, especially for public sector entities and organizations seeking to improve efficiency and accountability.
A: A financial audit focuses on the accuracy of financial statements, whereas a performance audit assesses the efficiency, effectiveness, and economy of operations.
A: Yes, by evaluating whether current operations align with strategic objectives, performance audits can guide organizations toward achieving their goals.
A: Absolutely. We offer post-audit support to help organizations implement recommendations and monitor progress.
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.
Unlike financial or compliance audits, performance audits in Bahrain assess how well an organization achieves its goals using the least amount of resources. It answers three critical questions:
Economy – Are you acquiring resources at the lowest possible cost?
Efficiency – Are you using those resources wisely?
Effectiveness – Are your activities achieving intended outcomes?
This approach is ideal for companies and public institutions focused on results-driven management and long-term impact.
A performance audit hinges on well-defined KPIs, which help auditors measure success. These could include:
Turnaround time for service delivery
Customer satisfaction ratings
Output-to-input ratios
Operational downtime vs. targets
Productivity per employee or department
We work closely with your team to define and measure these KPIs accurately.
Government institutions in Bahrain are under growing pressure to demonstrate value for public funds. Our audits support ministries, municipal councils, and public authorities with:
Evaluations of taxpayer-funded programs
Resource allocation analysis
Public service delivery efficiency
Support for NAO compliance and transparency
These audits align with Vision 2030, helping public organizations contribute effectively to national development.
In Bahrain’s competitive private sector, businesses must consistently improve operational performance. Our performance audit services help:
Manufacturers optimize production lines
Retailers assess supply chain productivity
Logistics firms measure fleet efficiency
Corporations evaluate team and department output
With detailed benchmarks and cost-performance analysis, your business can eliminate inefficiencies and boost profitability.
Modern organizations are increasingly judged by their environmental and social impacts. We offer ESG-aligned performance audits that assess:
Carbon footprint tracking and reduction efforts
Waste minimization and recycling practices
Social responsibility program performance
Inclusion, diversity, and equity implementation
This helps companies in Bahrain report transparently to investors, stakeholders, and regulators.
Our performance audits have led clients to reduce costs by 10% to 30% through:
Staff role clarification and redistribution
IT automation and process streamlining
Elimination of duplicate functions
Better procurement and vendor controls
Our reports don’t just highlight problems—they present cost-benefit analyses and action plans to achieve measurable savings.
Culture impacts productivity more than most realize. We include cultural performance indicators such as:
Employee satisfaction and engagement
Leadership effectiveness
Internal communication and accountability
Cross-department collaboration
These soft metrics often uncover hidden bottlenecks, toxic habits, or systemic inefficiencies.
| Phase | Duration | Activities |
|---|---|---|
| Initial Consultation | 1–2 days | Understand scope, sign NDA, collect business goals |
| Planning | 3–5 days | Define KPIs, outline departments, agree on benchmarks |
| Fieldwork & Data Collection | 1–4 weeks | Site visits, employee interviews, data analysis |
| Reporting | 5–10 days | Draft findings, recommendations, review with leadership |
| Final Delivery & Presentation | 1 day | Submit report and conduct strategy session |
A typical report you’ll receive includes:
Executive summary with performance scores
Department-by-department breakdown
Charts and graphs for visual clarity
Gap analysis against goals and best practices
A 30/60/90-day implementation roadmap
KPIs for future tracking
Our reports are practical, not theoretical — built to drive immediate improvements.
Once your audit is complete, our team doesn’t just walk away. We offer:
Staff workshops to explain audit results
Leadership coaching to support implementation
Performance dashboard setup in Excel or BI tools
Review checklists for department managers
Custom training on operational KPIs and reporting
This ensures every layer of the organization understands and participates in improvement efforts.
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.
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.
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