Audit Firms in KSA

Saudi Arabia is one of the fastest-growing economies in the world and is slated to register substantial growth in the coming years. As a result, various new entities are setting up their operations in the country as well as the existing businesses are now in the mode of expansion. But during the process of setting up a business as well as undertaking its expansion, one essential aspect of business functioning needs to be taken care of and that is Auditing in KSA.

Need for Audit Firms in KSA?

In order to conduct business legally in the nation, it is essential for businesses and their accounting reports to comply with the statutory guidelines of the government of the Kingdom of Saudi Arabia. The government and regulatory authorities have specified various standards that must be adhered to while conducting business in the country.

When it comes to business reports in the region, absolute accuracy is a pre-requisite. The government departments want the accounting reports of the businesses to reflect the true state of the business. Any inaccuracy can be considered as an attempt to misguide and will attract action from the relevant authorities. It is compulsorily instructed by the government regarding the requirement of audit for all businesses registered and operating here.

Accounting reports in KSA and records certified by an Auditor are considered accurate and ready to be shared with the public. Selection of an auditor has to be done during the annual meeting of the company with the appointment ranging between 3-5 years.

Following the audit guidelines can be a tricky job for anyone and any lapse can attract penalties, availing services of a reliable auditing services provider in Saudi Arabia are essential. This is where we come into the picture. At Aviaan Accounting, we are the most trusted and renowned business advisory services providers in Saudi Arabia and have been catering to the business here since past many years.

Why Aviaan Accounting?

At Aviaan Accounting, we have carved a distinct reputation for ourselves in Saudi Arabia. Based on our experience and expertise, we have been helping businesses in the region comply with government guidelines and ensure 100% accuracy and error-free in their business reports. It does not matter whether you are a big multinational or a small locally owned company; we have a team of experienced accounting professionals who can take care of all your needs. When it comes to auditing, our qualified chartered accountants work in close collaboration with your accounting department. We check each and every entry to understand if it has been treated according to the specified guidelines. Our chartered accountants have a collective experience of many years and have been working with some of the leading corporations in the region for the last many years. We have helped our clients ensure 100% compliance with government guidelines and avoid any penalties for non-compliance. When you avail of our services in KSA, you can accrue numerous benefits like: –

Complete compliance with the government guidelines to avoid any penal action.

Accounting and Audit reports in Saudi Arabia prepared by our chartered accountants are accepted by the KSA government.
Our audit services help you identify the issues with your company and take corrective actions as and when necessary.
Offer you a complete overview of your company as well as the present economic situation in the country.
Rendering confidence in the financial records of the company.
Access to the latest technology and software to ensure error-free accounting reports.
Round the clock support for any queries and requests that you may have.

FAQs

FAQs

Does every company need to get their audit done?

As per the Commercial Companies Law, Statutory audit is mandatory for all companies. But the law is not the same for certain free zones. They have their own auditing requirement as per the applicable Free Zone Law.

Why is it important to engage an independent audit firm?

It is important to engage an independent audit firm to ensure the objectivity and transparency of the auditing. In the absence of these, the evaluation of an auditor may be incorrect and not proper.

Is internal audit and External audit one and the same thing?

Certainly not! The internal audit report is used by the management, whereas external audit reports are required by stakeholders and creditors. Also, an internal audit examines risks with respect to internal controls laid by the company, whereas an external audit examines the complete financial position of a business.