R.Tulsian makes forays into Bahrain market
- Date: 06-Jul-2020
- Source: 24×7 News
- Sector:Financial Markets
- Country:Bahrain
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