Independence, competence and professional scepticism are the cornerstones of assurance services. At BDO, Semaan, Gholam & Co., our audit methodology provides the framework for our assignments, while our expertise defines the quality and credibility of our deliverables.

A BDO audit delivers a complete, accurate and fair representation of your financial statements and disclosures for shareholders, regulators, lenders and international partners. In Lebanon’s evolving economic landscape, reliable financial reporting is not only a compliance requirement — it is a strategic asset.

Lebanon’s classification as a hyperinflationary economy has fundamentally changed financial reporting requirements. Our audit approach incorporates the implications of IAS 29 – Financial Reporting in Hyperinflationary Economies, ensuring that financial statements are appropriately restated and reflect purchasing power adjustments in accordance with IFRS.

We understand the practical challenges this creates for businesses and multinational groups consolidating Lebanese subsidiaries. Our team works closely with management to ensure robust documentation, transparent assumptions and technically sound reporting that withstands scrutiny from auditors, regulators and overseas parent entities.

Supporting Export-Oriented and Cross-Border Businesses

Export-driven industries — including jewellery, precious metals, industrial manufacturing and pharmaceuticals — are among Lebanon’s most dynamic sectors. These businesses operate across borders, manage foreign currency exposure and require high-quality, internationally aligned audit services.

BDO Lebanon supports companies engaged in cross-border transactions, offshore structuring and international holdings with audits that align with global standards and the expectations of international investors, banks and tax authorities.

Technical Strength in High-Risk and Regulated Sectors

Our professionals understand the heightened audit risks arising from:

• Fair value measurement using Level 3 inputs under IFRS 13;
• Liquidity constraints and banking sector exposure;
• Complex consolidation structures and holding companies;
• Regulatory compliance requirements in the pharmaceutical and export sectors.

We combine sector knowledge with disciplined audit execution to deliver assurance that enhances transparency, strengthens governance and builds stakeholder confidence.

Partner-Led Audit Approach

Our audits are led by partners and directors who are actively involved throughout the engagement. Each assignment is staffed by professionals with appropriate technical expertise and industry understanding, supported by independent technical review processes.

We recognise the benefits of a planned, proactive audit approach. By identifying areas of risk early, we help management address potential issues efficiently — reducing disruption while improving financial control and reporting quality.

The BDO audit approach is applied consistently across the global network through the use of BDO Audit Software and Manuals, fully aligned with International Standards on Auditing (ISA). Each engagement is further adapted to Lebanese statutory requirements and market realities.

At BDO Lebanon, we are committed to delivering independent, efficient and comprehensive audits that support sustainable growth, regulatory compliance and long-term value creation.