As Auditors, We Offer More Than Just an Opinion,
We Deliver Insights

Auditing is traditionally at the core of our business. It is a statutory and central requirement to all corporations in Kuwait. Many business managers perceive the preparation of annual financial statements and the audit as a necessary evil. At Russell Bedford Kuwait delivers independent, high-quality audit and assurance services that promote transparency, ensure compliance, and build investor confidence.

Our team provides audits of financial statements, limited reviews, attestation, and capital amendment support, all tailored to meet global standards like IFRS and GAAP. We prefer to view and use these as diagnostic tools helping to identify contentious issues that in turn enable us to logically address any potential problems with realistic and practical solutions. Very often the audit process provides an ideal opportunity to identify areas that may lead to improvements in efficiency and profitability.

As with everything we do, the audit process at Russell Bedford Kuwait is based upon adding value. Our skilled and impartial professionals take an objective view of the business fulfilling the statutory requirements while providing incisive, constructive advice. Integrity, quality and independence are the building blocks of Russell Bedford Kuwait's approach. Our audit process does more than just assess financial information. It enables our professionals to consider the unique elements of the client's business - its culture, the industry in which it operates, competitive pressures, and the inherent risks.

Audit of Financial Statements

We deliver high-quality statutory audits in accordance with International Standards on Auditing (ISA). Our comprehensive audit process involves a detailed examination of your financial records, internal controls, and accounting policies to provide an independent and objective opinion on the fairness of your financial statements.

Our approach emphasizes professional skepticism, thorough risk assessment, and adherence to ISA requirements, ensuring that potential material misstatements, whether due to error or fraud, are identified and appropriately addressed. We focus on providing stakeholders with reliable assurance that your financial statements are free from material misstatement and are prepared in accordance with applicable financial reporting standards

Our commitment is to uphold integrity, independence, and professionalism throughout the audit engagement, supporting your organization’s compliance, transparency, and stakeholder confidence.

Limited Review of Financial Statements

We offer Limited Review of Financial Statements in accordance with International Standards on Review Engagements. Our review procedures are primarily analytical in nature and involve inquiries and discussions with management, which emphasizes the importance of understanding the entity’s environment and risks. We focus on identifying any material misstatements or irregularities, including those related to fraud or error, that could impact the financial statements.

The outcome of a limited review offers valuable confidence to stakeholders regarding the integrity of your interim financial disclosures. Our engagement aims to deliver timely, cost-effective insights to support management decisions and stakeholder confidence.

Agreed-Upon Procedures (AUP):

We provide objective findings based on procedures agreed with you, suitable for specific reporting needs.

Sustainability and Non-Financial Reporting Assurance:

We verify the accuracy and completeness of non-financial disclosures, including sustainability reports and ESG metrics.

Special Purpose Reviews:

We Conduct targeted reviews tailored to specific stakeholder requirements or internal management needs.

Financial Due Diligence

We provide meticulous Financial Due Diligence services to support your investment, acquisition, or partnership decisions. Our team conducts detailed analyses of the target entity’s financial statements, cash flows, and financial position to identify key risks, opportunities, and areas requiring further investigation.