Audit & Assurance in Qatar
An audit gives an independent opinion on whether financial statements are accurate and prepared according to the applicable accounting standards. In Qatar, audits are carried out by auditors registered with the Ministry of Commerce and Industry under Law No. 8 of 2020, and audit rights on a given engagement sit with the licensed signing partner, not the firm as a whole.
Which audits we carry out
- Statutory audit: the audit required for your annual accounts, covered in detail on our statutory audit page.
- External audit: an independent opinion on your full-year financial statements, for shareholders, lenders or regulators.
- Internal audit: a review of controls, risk management and processes, run as a standalone engagement or an outsourced function.
- Forensic accounting: investigation of suspected fraud or financial disputes, with reports suitable for legal proceedings.
- IFRS advisory: help adopting or applying International Financial Reporting Standards correctly.
Who needs an audit in Qatar
Under the Commercial Companies Law, companies with income above QAR 5 million are generally required to have their financial statements audited. Separately, a company's corporate tax return must be accompanied by audited financial statements if its capital or profit exceeds QAR 100,000, or if its head office is outside Qatar. Many companies below these thresholds still choose an audit for a bank, an investor, a parent company or their own management.
How an engagement runs
We agree the scope, timeline and fee before any fieldwork starts. Fieldwork reviews your records, controls and transactions, either on site or remotely. We report findings and any adjustments clearly, then issue the audit opinion. We stay available afterwards if a bank, regulator or tax authority has questions about the report.
What sets an engagement's price
Fees depend on the size of the company, the number of transactions, the state of the records when we start, and whether it is a first-year audit or a repeat engagement. We quote a fixed fee once we understand the scope, not an hourly estimate that can move.
How it works
Engagement & scoping
We agree the scope, timeline and fee for your audit engagement.
Fieldwork & testing
Our team reviews controls, transactions and financial records on-site or remotely.
Findings & reporting
We report findings, adjustments and recommendations clearly.
Sign-off & follow-up
We finalise the audit opinion and remain on hand for any follow-up.
Frequently asked questions
If your income is above QAR 5 million, or your capital or profit is above QAR 100,000 and your tax return needs audited accounts, or your head office is outside Qatar, an audit is generally required. We can confirm your specific position.
Only an auditor registered with the Ministry of Commerce and Industry under Law No. 8 of 2020 may sign a statutory audit opinion.
It depends on company size and how ready your records are. A straightforward small company audit can take a few weeks from fieldwork to signed opinion; larger or first-year audits take longer.
External audit gives an independent opinion on your financial statements for people outside the company. Internal audit reviews your controls and processes for management, and is not an opinion on the financial statements themselves.
Yes, alongside mainland companies. The applicable standards and filing requirements differ by structure, and we confirm these at the start of the engagement.