Audit Services

Auditing Services in KSA

Saudi Arabia is one of the most progressive economy 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.

Need for Auditing Services 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 relevant authorities have specified various standards which 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 a compulsorily necessary instructed by the government as requirement of audit for all businesses registered and operating here.

Accounting reports 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.

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 the businesses in the region comply with government guidelines and ensure 100% accuracy in their business reports. It does not matter whether you are 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 decades and have been working with some of the leading corporate 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 our services, you can accrue numerous benefits like: –

For any information or queries that you may have, feel free to get in touch with us at the earliest. Call us or send us an email now and we will revert within a few hours. We are looking forward to hearing from you. Contact us now.

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 objectivity and independence of the audit firm. 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! Internal audit report is used by the management, whereas external audit reports are required by stakeholders and creditors. Also, internal audit examines risks with respect to internal controls laid by the company, whereas external audit examines complete financial position of a business.

Comments are closed.

Address

Binary Tower, Marasi Drive,
Business Bay,
Dubai, UAE
Phone KSA: +966 58 264 5319
UAE: +971 567952590
Mail:info@aviaanaccounting.com

Skip to toolbar