Most businesses should undergo an annual audit to ensure financial compliance and transparency. In Lebanon, certain types of companies are legally required to have annual audits, including SALs (Société Anonyme Libanaise), SARLs (Société à Responsabilité Limitée) that meet specific criteria, and companies in regulated industries such as banking and insurance.

An external audit provides numerous benefits including enhanced credibility with stakeholders, identification of financial reporting issues, improved internal controls, detection of fraud or errors, compliance with regulatory requirements, and valuable insights for business improvement. For businesses in Lebanon, it also helps navigate the complex local tax and regulatory environment.

To prepare for an audit with Nehme & Associates, we recommend organizing your financial records, ensuring all transactions are properly documented, reconciling bank statements and accounts, preparing a trial balance, reviewing previous audit reports if applicable, and having key personnel available to answer questions. Our team will provide a detailed checklist of required documents prior to the audit.

Nehme & Associates conducts audits in accordance with International Standards on Auditing (ISA), Lebanese Auditing Standards, and applicable local regulations. Our team stays current with all updates to these standards through continuous professional education and membership in professional accounting bodies like LACPA (Lebanese Association of Certified Public Accountants).