R.Tulsian makes forays into Bahrain market

Source24×7 News
SectorFinancial Markets

Manama: Multinational auditing firm R.Tulsian opened its regional headquarters in Bahrain in order to tap into the future growth in auditing, accounts and other related services. The company is also in the advanced stages of establishing offices in Saudi Arabia and Oman, enabling it to support a growing number of clients across the region with essential auditing functions. The decision to base its regional headquarters in Bahrain demonstrates the firm’s continued confidence in the Kingdom’s accounting industry, which has been witnessing a boom following the implementation of Value Added Tax (VAT) legislation, despite the coronavirus (COVID-19) pandemic. “The current crisis has left many businesses facing a cash crunch and trying desperately to cut costs wherever possible. However, auditing remains a vital task, with companies still needing experienced professionals to help with essential functions.

During June, which was the last month for completion and submission of audited financial statements for most companies, we saw a surge in demand for auditing services as businesses tried to catch up with the timeline. With support from our UAE,...read more...