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Arab Accountants-Al Eid & Co.

Arab Accountants-Al Eid & Co. established in 1996 as an auditing and management consultancy firm registered under Ministry of Commerce and Industry and approved as an auditor in QFC, QDB and QCB. Our services Includes Annual Financial audit, Withholding taxes, Capital gains taxation & other tax affairs compliance, Internal Audits, ICV Certification, Business valuations, Feasibility studies.
Our Client portfolio comprise companies from various sectors and industries which includes Trading, Construction, Retail, Manufacturing, Services, Food & Beverages, Educational institutions, logistics companies etc. While providing services to each of our clients, we strive to make a significant contribution to the development of our client’s business, promoting companies’ growth in domestic and international markets.

Scope of Work & Documents Required
Our work will be carried out under the guidance of ISRS 4400 - Agreed-Upon Procedures where specific procedures mandated by Tawteen will be carried out to facilitate the issuance of the certificate.

Arab Accountants-Al Eid & Co will, in accordance with the ICV guidelines:

  • Review the scorecard prepared by management.
  • Select samples and carry out verification.
  • Share comment with management and conduct discussion to facilitate changes.
  • Issue draft certificate and report to Management for confirmation.
  • Issue the Final ICV certificate and submit the Final ICV reporting Package to Tawteen.

We have dedicated team professionals who specialize in and have the in-depth knowledge of the program. All our engagements are subject to the firm’s standard quality and risk management procedures.

Prior to commencement of the engagement, we would require management to provide us:

  • Completed ICV scorecard template
  • Copy of Audited Financial Statements based on which ICV scorecard is prepared (Audited Financial statements should cover at least 9 months financial period in case of newly established company)

Other supporting schedules/workings/reconciliations prepared by management

  • Company Profile and Organizational Chart
  • Valid lists of legal documents including Commercial Registration, Trade License, Computer Card and Tax Card (In case of QFC registered Entity, QFC registered Certificate, QFC license and Article of Association)