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⍰ ASK Can an offshore company be audited, and if so, by whom?

Yes, an offshore company can be audited, and the specific requirements for auditing an offshore company depend on the jurisdiction in which the company is incorporated.

In general, offshore companies are subject to the laws and regulations of the jurisdiction in which they are incorporated, and may be required to have their financial statements audited by a qualified independent auditor. The auditor is responsible for providing an opinion on the fairness of the company's financial statements and ensuring that they are in compliance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS).

The auditor may be a local or international auditor, depending on the jurisdiction and the specific requirements for auditing an offshore company. In some cases, the auditor may be required to be licensed or registered in the jurisdiction in which the offshore company is incorporated, or may be subject to regulatory oversight by a government or professional body.
 

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