FINANCIAL SERVICES
Auditing &
Assurance
As one of the leading auditing firms in Qatar, our assurance services are designed to enhance the reliability of information prepared by clients for the use of various stakeholders.
- Our risk-based audit methodology complies with International Standards on Auditing (ISA) and is developed by core principles relating to professional integrity, independence, and ethical behavior.
- Our approach is enhanced by an up-to-date set of monitoring processes, audit software technologies, and tools that assist our teams to perform the audit effectively and efficiently.
- Our system is designed to accommodate the issues that have an impact on audit judgments to improve the overall quality of the audit.
- Our auditors provide hand-on and year-round contact with clients to update and train them for any new standards released or amendments to it.
- Our audit team is composed of diversified professionals who are experts in different sectors of industries that can contribute value-added perspective within the Company.
Contact Us
Office No. 04, 2nd Floor,
Emadi Financial Square,
Building No. 01, C-Ring Road,
Doha-Qatar.
Call Us
(+974) 66693950,
(+974) 44675246
Email Us
office@jbapartner.com
FAQ
Why do companies in Qatar need audit services?
Companies in Qatar require audit services for a variety of reasons, including compliance with regulatory requirements, shareholder and board reporting, bank financing, investor due diligence, and statutory filing obligations. Independent audits also enhance the credibility of financial statements, strengthen internal controls, identify financial risks, and support informed business decision-making and corporate governance.
What documents are required for an audit?
The documents required for an audit typically include the company's financial statements, trial balance, general ledger, bank statements and reconciliations, sales and purchase invoices, contracts and agreements, payroll records, fixed asset register, tax filings, and other supporting schedules. Additional documentation may be requested depending on the nature, size, and complexity of the business and the scope of the audit engagement.
How long does an audit take?
The duration of an audit depends on several factors, including the size and complexity of the business, the volume of transactions, the quality and completeness of financial records, and the timely availability of supporting documents. For most companies, an audit can typically be completed within 2 to 8 weeks, provided all required information is made available promptly and there are no significant issues identified during the audit process.
Can JBA & Partners support company audits in Qatar?
Yes. JBA & Partners provides comprehensive audit and assurance services to companies across Qatar. Our experienced audit professionals support clients throughout the entire audit process, including audit planning, risk assessment, document review, fieldwork, financial statement auditing, audit reporting, and communication with management and those charged with governance. We deliver independent, high-quality audits that help organizations meet regulatory requirements, strengthen financial reporting, and enhance stakeholder confidence.
What is the difference between an internal audit and an external audit?
An external audit is an independent examination of a company's financial statements to provide assurance that they are fairly presented in accordance with applicable accounting standards. External audits are typically required for statutory compliance and are intended for shareholders, investors, lenders, regulators, and other external stakeholders.
An internal audit, on the other hand, focuses on evaluating an organization's internal controls, governance, risk management, and operational processes. Its primary objective is to help management improve efficiency, strengthen controls, ensure compliance, and identify opportunities to enhance business performance.
An internal audit, on the other hand, focuses on evaluating an organization's internal controls, governance, risk management, and operational processes. Its primary objective is to help management improve efficiency, strengthen controls, ensure compliance, and identify opportunities to enhance business performance.
How much does an audit cost in Qatar?
Audit fees in Qatar are not fixed and vary depending on several factors, including the size of the company, the volume and complexity of transactions, the quality of the accounting records, the number of locations, industry-specific requirements, and the scope of the audit. At JBA & Partners, we provide transparent, competitive pricing based on your organization's specific needs.
Can JBA & Partners audit companies registered in Qatar's free zones?
Yes. JBA & Partners provides audit and assurance services to companies established in Qatar's major free zone and special business jurisdictions, subject to the applicable regulatory and licensing requirements. Our team supports statutory audits, financial reporting, regulatory compliance, and audit documentation for companies operating in:
- Qatar Financial Centre (QFC)
- Qatar Free Zones Authority (QFZ), including: (Ras Bufontas Free Zone, Umm Alhoul Free Zone)
- Qatar Science & Technology Park (QSTP)
- Media City Qatar