MOORE STEPHENS MIDDLE EAST

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MOORE STEPHENS MIDDLE EAST

• BEIRUT CONFERENCE
• JUNE 2003

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Background

• Moore Stephens Oman branch was established in
  1988 as a branch of the Moore Stephens London
  practise, operationally.
  
• Over the years the firm has grown significantly
  and is the fourth largest firm in the Sultanate
  of Oman.
  
• Qualitatively, Moore Stephens Oman is
  considered on par with the Big 3 (PWC, EY,
  KPMG). Considered as the best alternative to the
  Big 3.

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FIRMS SIZE - STAFFING

• Technical personnel comprise
• 2 Partners
• 2 Managers
• 2 Supervisors
• 12 Technical Field staff
• All possess professional accounting
  qualifications as well as information systems
  qualifications.
  
• They are supported by 5 administrative staff.

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WHAT IS THE FIRM GOOD AT

• External and internal auditors to a number of
• - public listed companies
• - government organisations and funds
• - limited liability companies
• - branches of foreign Companies
• - Partnerships and proprietorships
• Due diligence audits,
• Taxation consultants to major groups and
  companies,
  

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WHAT IS THE FIRM GOOD AT (continued)

• Banking examiners for the Sultanate of Omans
  banking regulator, the Central Bank of Oman in
  regulating major commercial banks,
  
• Liquidators for
• - public listed companies
• - government authorities
• - limited liability companies

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WHAT IS THE FIRM GOOD AT (continued)

• Corporate finance and management consultancy
  assignments
  
• - techno economic feasibility studies
• - business valuations
• - government privatisation projects
• - merger and acquisition advice

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WHAT IS THE FIRM GOOD AT (continued)
Our clients operate in industries as varied as
fishing to government funds, leasing companies
to hypermarkets, manufacturing to shipping
agencies, insurance companies to schools, banks
to travel agencies, port operators to many
others.
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WHAT EXPERTISE CAN WE OFFER OTHER OFFICES

• Expertise in the areas of
• Business valuations
• Government privatisations
• Banking related consultancy assignments
• Expertise in handling company liquidations
  especially to the larger, high profile listed
  companies bringing about a certain degree of
  methodology to the assignment.

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WHAT EXPERTISE CAN WE OFFER OTHER OFFICES
(Continued)
If we are to be recognised as a professionally
competent middle tier firm prior to approaching
the big league, just as the pharmaceutical,
automobile and other industries pay a lot of
attention to research and development and quality
control, similarly Moore Stephens should
recognise, maintain and improve on quality on an
almost continuous basis.
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WHAT EXPERTISE CAN WE OFFER OTHER OFFICES
(Continued)
In that connection Moore Stephens - Oman can
provide technical assistance and impart training
to other firms within the Middle East network.
Sessions could cover common topics such as-
International Financial Reporting Standards o
r International Accounting Standards Int
ernational Auditing guidelines
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WHAT EXPERTISE CAN WE OFFER OTHER OFFICES
(Continued)
Audit programmes How to perform an audit
and related file reviews An insight into bus
iness valuations and
liquidation assignments
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WHAT EXPERTISE WE SEEK FROM OTHERS
Once we have established the firm in areas that
we consider our core activity, we need to examine
potential business opportunities.
We therefore welcome the expertise of other offi
ces in developing and sharing new ideas and
business opportunities
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WHAT EXPERTISE WE SEEK FROM OTHERS (Continued)

• acquiring knowledge in activities that they may
  have identified as where accounting firms may
  contribute such as trademarks registration,
  litigation advice, forensic audit, etc.
• In developing appropriately trained Arabic
  speaking staff.