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Audit Methodology and IFRS Advisory Support in Qatar
WDS supports audit firms and companies in Qatar with audit methodology, quality review preparation and IFRS advisory. Our financial reporting partner worked with Deloitte in Qatar and supported its quality control review process.
How does the regulatory environment in Qatar affect your finance function?
Qatar levies corporate income tax at 10 percent on the share of profits attributable to non-Qatari and non-GCC owners, and companies generally prepare IFRS financial statements for audit. Audit firms face both network reviews and growing regulatory attention to audit quality.
Statutory audits in Qatar are signed by locally licensed auditors. WDS provides advisory and support services.
Key regulators in Qatar
- General Tax Authority (GTA)
- Administers corporate income tax and withholding tax.
- Ministry of Commerce and Industry
- Registers commercial companies.
- Qatar Financial Centre Authority
- Licenses firms operating in the QFC.
What WDS provides for clients in Qatar
Audit quality review support
Mock reviews and remediation for audit firms.
Audit Quality Review for FirmsIFRS consultation
Technical positions and financial statement reviews.
Financial Reporting and IFRSOutsourced reporting
Monthly accounts and consolidation support.
Outsourced CFO and Business Advisory
Cities we support in Qatar
Working with WDS in Qatar
Have you worked with audit firms in Qatar before?
Yes. Our partner supported Deloitte Qatar on files reviewed under the Deloitte Global Practice Review, which ended with a satisfactory outcome.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.