Internal Audit Business
Task : To set up external audit business in Middle East.
Action : We arranged business for a reputable accounting firm branch office in the Middle East. We contacted one licensed CPA firm in the Middle East and arranged a legal contract between the two accounting firms. Also arranged the process of setting up the Joint Venture that is legally acceptable in the Middle East. Arranged business visas for the consultants who were engaged on several contracts.
Result : The Joint Venture carried out many IFRS setup contracts of listed companies in Saudi Arabia. The IFRS setup contracts were successful and the Canadian Audit Firm made millions of dollars after taxes in profits and salaries of their staff. The assignment was carried out by the Canadian staff already working with the Canadian audit firm locally.