Messenger The accounting laws and regulations in Kuwait, until the 1970s, followed, for good reason, the old British accounting systems. Taking over the task of auditing the accounts of banks, insurance companies and others required experience and confidence that could not be certain without the auditor obtaining a certificate from a recognized international institution such as The Association of Chartered Accountants or The Institute of Chartered Accountants. The global audit companies were and still control the audit market of major corporations, leaving small ones for others. In the 1970s, the SABA was the only Arab office that could compete with international offices.