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Specialized Service

Financial Auditing & Due Diligence in Iran

Independent forensic audits, balance sheet verification, and compliance risk assessments of Iranian commercial partners.

Typical Timeline
2 - 4 Weeks
Engagement Scope
High Forensic Depth
Regulatory Framework
Iran Commercial Code & CPA Standards

Executive Overview

Operating in Iran requires rigorous, independent financial verification. Local balance sheets frequently follow Iranian GAAP, which diverges from IFRS and creates discrepancies in inventory valuation, asset appraisal, and deferred tax liabilities.

Nexus Iran Advisory deploys certified Iranian CPAs and legal auditors to conduct forensic investigations of potential joint venture partners, distributors, or acquisition targets across Tehran and major industrial hubs.

We uncover hidden liabilities, Social Security Organization (SSO) debts, tax arrears, and sanctions risks, delivering bilingual executive reports tailored for international corporate boards.

Key Strategic Benefits

Uncovering undisclosed tax liens and Social Security Organization (SSO) liabilities.
Verifying ultimate beneficial owners (UBO) against international sanctions lists.
Reconciling Iranian Rial (IRR) assets with hard currency valuations.
Evaluating contractual compliance with Iranian labor and commercial law.

Our Methodological Process

01

Scope & NDA Execution

Signing bilateral non-disclosure agreements and defining audit milestones and target data requests.

02

Document Collection & On-Site Verification

Deploying senior auditors to inspect physical ledgers, bank statements, and government portal filings.

03

Forensic Analysis & Compliance Screening

Cross-referencing entities and key executives against global sanctions lists (OFAC, EU, UN) and local debt databases.

04

Bilingual Executive Report Delivery

Delivering a detailed audit report with risk ratings, liability breakdowns, and actionable mitigation recommendations.

Frequently Asked Questions

Can you audit private Iranian companies without state ownership?

Yes, under standard due diligence protocols with target entity consent or via official registry verification methods.

How do you handle currency conversion discrepancies (NIMA rate vs. Free Market)?

Our reports provide dual-currency reporting under both official CBI/NIMA exchange rates and real-market valuation standards.

Request Consultation

Direct confidential inquiry to our senior Iran advisory counsel.

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