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Oman-news
Why Are Auditors in Oman Critical for Businesses?
Auditors in Oman ensure compliance with IFRS Standards and local regulations set by the Ministry of Commerce. Key responsibilities include:
Financial Compliance
Verify adherence to Oman’s Commercial Companies Law (Royal Decree 18/2019)
Fraud Prevention
Detect financial irregularities in high-risk sectors like construction & trading
Top 10 Auditors in Oman (2024)
Firm
Specialization
Rating
KPMG Oman
Oil & Gas Audits
⭐ 4.9/5
Ernst & Young
Banking Compliance
⭐ 4.8/5
How to Choose Auditors in Oman
7 Key Selection Criteria:
- ✅ Registered with Oman Chamber of Auditors (OCA)
- ✅ Industry-specific experience (e.g., manufacturing, logistics)
- ✅ Proficiency in Arabic/English reporting
Oman Audit Regulations (2024 Updates)
⚠️ New Rule: Mandatory ESG Audits for listed companies (CMA Circular 3/2024)
Key laws governing auditors in Oman:
- 📜 Commercial Companies Law (Article 143-150)
- 📜 Anti-Money Laundering Regulations
Audit Process in Oman: 6-Step Workflow
1
Planning & Risk Assessment
3-7 days for scope finalization
2
Fieldwork & Documentation
Transaction testing & evidence collection
FAQs: Auditors in Oman
Q: What’s the average cost of auditing in Oman?
A: Typically OMR 1,500 – OMR 15,000+ depending on company size.
Need Certified Auditors in Oman?
Book a free consultation with our accredited audit partners:
📞 +968 1234 5678
