R.Tulsian makes forays into Bahrain market

R.Tulsian makes forays into Bahrain market

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, Saudi, and Oman teams, our expanded Bahrain office helps

clients with these support functions so that they can focus on what matters

most, getting their businesses back on track,“ R.Tulsian Chartered Accountants

Middle East Group Partner, Shashwat Tulsian, said.

"We strongly

believe that the accounting industry