As per this leading programme, beneficiaries pay only BD 250 out of BD 1,500 for a two year audit service or BD 250 out of BD 3,000 for an accounting service for two years, with the balance subsidised by Tamkeen. Accounting beneficiaries also receive a grant of BD 300 from Tamkeen to purchase modern accounting software.
”Mohasabha” aims to enable enterprises in Bahrain to implement world-class accounting practices and financial management systems. The programme provides enterprises a full range of solutions to analyse their financial position and performance, in addition to creating and strengthening their financial reporting and documentation systems and processes.
“The benefits of Mohasaba are invaluable to enterprises. By enabling SMEs to access high-quality independent audits and accounting services, they are able to benefit from other Tamkeen-supported programmes, be in a much better position to make informed business decisions, obtain financing from banks and financial institutions, participate in large tenders, and tie up with foreign partners to expand their businesses,” Tamkeen’s Private Sector Support Senior Manager Mohammed Bucheery, said.
“Under the leadership of Jamal Fakhro, KPMG’s Managing Partner, the team has been able to recognise the important role that SMEs play in the economy and align our services to meet the challenging demands of this vital sector. With the generous support from Tamkeen, we have succeeded in providing high-quality auditing and accounting services to a large number of SMEs,” Harish Gopinath, Partner Audit and Advisory, and Head of Middle Markets for Middle East and South Asia, KPMG Fakhro, said.
“Mohasaba” is open to all enterprises in Bahrain which have not been previously audited.