Find Accountancy, Audit and Tax expertise in Brunei Darussalam

Overview

Three of the ‘Big Four’ accounting firms have a presence within the country – Ernst & Young, Deloitte and KPMG. Native firms also play a part, with Foo Kon & Tan and Lee Corporatehouse Associates being the most notable examples. The Accounting Standards Order (ASO) was introduced in 2011 to determine the standards of the profession within Brunei, ensuring consistency in the preparation and auditing of financial statements. This innovation was welcomed by local accountants, who saw it as a step towards professionalising the setting of accounting standards in accordance with international standardisation. In the World Economic Forum’s Global Competitiveness Report (2012-13) Brunei placed 58th in the world (out of 144 countries) for the strength of its auditing and reporting standards, with a value of 4.8 out of 7, above the world mean of 4.6. For resolving insolvency it ranked 44th in the world (out of 183 countries) in the 2011 World Bank’s Ease of Doing Business Index, three places above Malaysia.

Accountancy, Audit and Tax organisations in Brunei Darussalam
The Brunei Darussalam Institute of Certified Public Accountants