ManamaAmmanServing the GCC

Our services

IFRS 9 ECL ModellingIAS 19 EOSB Actuarial ValuationIFRS Technical AccountingIFRS 18 ImplementationAccounting Policy ManualFinance Policies & ProceduresPurchase Price Allocation (PPA)Zakat Calculation & FilingFinance Function OutsourcingFinancial Modelling & AnalyticsBusiness & Management ConsultingRegulatory & ComplianceTraining & Capability Building

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info@consulting-ect.com+966 50 969 0423Manama · Amman · Serving the GCC
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Technical accounting & advisory for the Gulf

Numbers your auditors will sign.

Expected credit loss models under IFRS 9, scenario-weighted and documented.End-of-service benefit valuations under IAS 19, to disclosure standard.IFRS 18 implemented ahead of 2027, with the 2026 comparatives in the new format.Saudi accounting outsourced to a CPA-reviewed team in Amman, closed by day seven.
WP 9.2 · IFRS 9 staging summary Reviewed

Stage allocation and coverage

Gross exposure by stage, SAR m · coverage ratio
Stage 1 coverage0.8%
Stage 2 coverage6.4%
Stage 3 coverage41.2%

Projected benefit cash flows

Expected EOSB payments, next ten years, SAR m · discounted at 5.1%
Defined benefit obligation184.6
Discount rate5.10%
Salary growth3.50%

Categories and required subtotals

Income statement restructured under IFRS 18 · FY2026 comparative rebuilt
Operating profit240
Pre-financing profit258
MPMs reconciled2

Close calendar, day one to day seven

Books processed in Amman, CPA-reviewed, closed on day seven
Close dayDay 7
Cost of function−42%
Filings on time100%

Illustrative figures from anonymised engagements.

0Projects delivered since inception
0Training sessions delivered
0Participants trained
0Bid win rate on submitted proposals
Service showcase

Thirteen specialized services, each built to withstand audit and regulatory scrutiny.

01/ 13

Credit loss models that stand up to auditors, regulators and boards.

End-to-end expected credit loss models for banks, corporates and conglomerates: PD, LGD and EAD estimation, staging, macroeconomic overlays and audit-ready documentation.

IFRS 9 ECL Modelling
02/ 13

Actuarial valuations of end-of-service benefits, delivered with disclosure-ready precision.

Independent actuarial valuations of end-of-service and other long-term employee benefits under IAS 19, with full disclosure packs, sensitivity analysis and audit support.

IAS 19 EOSB Actuarial Valuation
03/ 13

Clear accounting positions on complex transactions, documented to audit standard.

Technical accounting advice, position papers and implementation support across IFRS 16, IFRS 15, IFRS 3, IAS 36 and complex transactions, plus accounting policies, financial statements and disclosures.

IFRS Technical Accounting
04/ 13

IFRS 18 applied before 2027 arrives, with the 2026 comparatives already in the new format.

Implementation of IFRS 18 Presentation and Disclosure in Financial Statements: restructuring the income statement into operating, investing and financing categories, inventorying and reconciling management-defined performance measures, redesigning the notes, and rebuilding the 2026 comparatives ahead of the 1 January 2027 effective date.

IFRS 18 Implementation
05/ 13

One set of accounting policies, written for your transactions, applied across the group.

Entity-specific IFRS accounting policy manuals: policy choices resolved, recognition and measurement rules written for your transactions, a register of judgements and estimates, chart-of-accounts mapping and worked examples, so the finance team applies one policy across the group and the auditor can test against it.

Accounting Policy Manual
06/ 13

Finance procedures that people follow, with controls the auditor can test.

Finance function policies and procedures manuals covering procure-to-pay, order-to-cash, record-to-report, treasury, payroll, fixed assets, inventory and budgeting, with a delegation of authority matrix, risk and control matrix, process flows and RACI, aligned to your ERP and ready for internal audit.

Finance Policies & Procedures
07/ 13

Purchase price allocations that identify what you actually bought.

IFRS 3 purchase price allocation exercises: identification and valuation of intangible assets, fair value of assets and liabilities, deferred tax and zakat effects, goodwill and the acquisition-date balance sheet, delivered to audit standard.

Purchase Price Allocation (PPA)
08/ 13

Zakat computed from the balance sheet, filed on time, defended at assessment.

Zakat base computation, provision accounting under SOCPA guidance, annual return preparation and filing with ZATCA, and support through assessments and objections for Saudi and GCC-owned entities.

Zakat Calculation & Filing
09/ 13

Your finance function, run by ECT to agreed service levels.

Seven finance towers, from procure to pay to controllership, run from our Amman delivery centre under CPA review to agreed service levels, while decisions, approvals and releases stay with you.

Finance Function Outsourcing
10/ 13

Financial models that boards can interrogate and lenders can trust.

Decision-grade financial models, feasibility studies, scenario and sensitivity analysis, Monte Carlo simulation and data transformation for boards, investors and lenders.

Financial Modelling & Analytics
11/ 13

Practical operating model, governance and performance improvement for Gulf organisations.

Finance transformation, process redesign, governance frameworks, KPI design and operating model work for corporates, conglomerates and government entities.

Business & Management Consulting
12/ 13

Regulatory requirements translated into accounting positions and controls.

Alignment with SOCPA, SAMA, CBB and ZATCA requirements, IPSAS for public sector entities, and readiness assessments for regulatory examinations and listings.

Regulatory & Compliance
13/ 13

Training designed by practitioners, built around your own transactions.

Practitioner-led IFRS, ECL, actuarial and financial modelling training for finance teams, audit committees and boards, in Arabic and English, on-site or virtual.

Training & Capability Building
Selected clients across the GCC
Haldor TopsoeWareed Medical CompanyWafrah for Industry and DevelopmentEngineering Ekhtebarat ConstructionDurrat Al-TaamirAl-MatarABAJA ContractingNabatat ContractingQomel Co.Wabra Water WorksFacility Management Co.Candp Co.Naif Aborayash Trading & ContractingJash Technical ServicesHaldor TopsoeWareed Medical CompanyWafrah for Industry and DevelopmentEngineering Ekhtebarat ConstructionDurrat Al-TaamirAl-MatarABAJA ContractingNabatat ContractingQomel Co.Wabra Water WorksFacility Management Co.Candp Co.Naif Aborayash Trading & ContractingJash Technical Services
Why ECT

Big 4 rigour. Boutique attention. Regional fluency.

We founded ECT to give Gulf organisations access to senior technical expertise without the overhead of a global firm. Every engagement is led by a US CPA who has run accounting transformation programmes for the region's largest groups.

  • Engagement leadership by qualified, Big 4-trained professionals on every project
  • Documented methodologies and models that pass auditor and regulator review
  • Delivery in Arabic and English, on-site across the GCC and the Levant or virtually
  • Fixed fees agreed up front against a defined scope

CPA-led, Big 4-trained

Every engagement is led by a US CPA with Big 4 accounting-transformation experience, so the answer you receive is defensible in front of auditors, regulators and boards.

Models you can audit

Our ECL, actuarial and valuation models are built to be reviewed: documented methodology, traceable inputs, sensitivity tables and audit-ready working papers.

GCC regulatory fluency

We work daily with SOCPA, SAMA, ZATCA, CBB and IPSAS requirements and translate them into practical accounting positions.

Bilingual delivery

Proposals, memos, reports and training are delivered in Arabic and English by native speakers who understand Gulf business culture.

Right-sized economics

Boutique cost structure with an Amman delivery centre: senior attention at a fraction of Big 4 fees, without diluting quality.

Fixed-fee clarity

Scoped deliverables, agreed timelines and fixed fees. No surprises at invoice time.

How we work

A disciplined path from diagnosis to audit sign-off.

Diagnose

Scoping call, data request and a rapid gap assessment against the applicable standard or regulation.

Design

Methodology paper, model architecture and accounting positions agreed with management before any numbers are produced.

Deliver

Models, valuations, memos and disclosures produced with full working papers and management review sessions.

Defend

We sit with your auditors and regulators, respond to queries and hand over a documented process your team can repeat.

Start from your situation

Tell us what is on your desk. We will tell you where to start.

Eight situations we are asked about most, each matched to the service that resolves it.

How we would start

Staging, PD and LGD assumptions and macroeconomic overlays are where most audit findings land. We rebuild or validate the model and document it for the audit file.

How we would start

An IAS 19 valuation with assumptions the auditor accepts, remeasurements explained and the disclosure note drafted.

How we would start

Compute the base from the audited balance sheet, book the provision and file the return with the evidence file ready for assessment.

How we would start

Move the finance towers to a CPA-reviewed team in Amman under a written boundary, or fix the procedures and controls so the in-house team can close by day seven.

How we would start

A three-statement model with scenarios and sensitivities, or a feasibility study and business case built to investment-committee standard.

Where we work

Two offices. One team. The whole GCC and the Levant.

Registered in Bahrain and delivering from Amman, with partners travelling to clients across Saudi Arabia, the Gulf Cooperation Council, Jordan, Iraq, Syria and Palestine.

Saudi ArabiaKuwaitBahrainQatarUnited Arab EmiratesOmanIraqSyriaPalestineJordanSaudi ArabiaKuwaitBahrainQatarUAEOmanIraqSyriaPalestineJordanArabian GulfRed SeaArabian SeaMediterraneanManamaHead office · BahrainRiyadhClient visitsAmmanDelivery centreKuwait CityDohaDubaiAbu DhabiMuscatBaghdadDamascusJerusalemJeddahDammam
OfficeClient visitsServed marketHover a country for its name
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Kingdom of Bahrain

Registered head office, contracting entity for every engagement and centre for technical accounting and actuarial work. Client engagements across Saudi Arabia and the wider Gulf are led from here by partners who travel to the client.

Headquarters
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Hashemite Kingdom of Jordan

Bilingual CPA-supervised delivery team providing finance function outsourcing, financial modelling and reporting support to clients across the GCC and the Levant.

Delivery centre
Markets served
Saudi ArabiaBahrainUnited Arab EmiratesQatarKuwaitOmanJordanIraqSyriaPalestine
Sectors

Experience across the industries that shape Gulf economies.

Our leadership has delivered more than 120 engagements for corporates, conglomerates and public-sector entities. We understand the accounting issues specific to each sector and the regulators that oversee them.

Banks and financial institutionsInsurance and takafulReal estate and constructionFamily conglomeratesGovernment and public sectorHealthcare and educationRetail and distributionEnergy and utilitiesTechnology and start-ups
Who we serve

Three client segments, one standard of rigour.

Corporates

Listed and private companies that need technical accounting positions, ECL and actuarial valuations, and reporting that satisfies auditors and lenders.

  • IFRS 9 & IAS 19
  • Position papers
  • Financial statements

Conglomerates & family groups

Multi-entity groups institutionalising governance, standardising accounting policies and consolidating reporting across subsidiaries and countries.

  • Group policies
  • Governance frameworks
  • Consolidation

Government & public sector

Ministries, authorities and state-owned companies adopting IPSAS, strengthening governance and building finance capability for national transformation programmes.

  • IPSAS adoption
  • Business cases
  • Capability building

Let's discuss your reporting challenge.

A 30-minute scoping call with a CPA-led team. We will tell you plainly what the standard requires, what we need from you, and what it will cost.

Book a consultation