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Financial work shaped by the requirements of each market

Across Saudi Arabia and the Gulf, accounting and tax responsibilities operate under different frameworks. Our work addresses these requirements while bringing deeper financial analysis to reporting and business decisions.

OUR SERVICES

The areas of practice behind our work

From recurring accounting responsibilities to jurisdiction-specific taxation and more specialised financial assignments, our work reflects the requirements of the market concerned.

Accounting & Reporting

Reliable reporting begins with the treatment of individual transactions and a consistent closing process. For businesses with several entities, it also requires financial information that can be examined across operations.

Accounting & Financial Close

General-ledger accounting, reconciliations and closing adjustments supporting regular financial reporting.

Financial & Management Reporting

Preparation of financial statements and reporting schedules, including intercompany balances and management accounts.

ZAKAT & Tax

Saudi Zakat and income-tax calculations depend on the applicable ownership and tax position. They require supporting financial records and adjustments that can be examined separately.

Zakat & Income Tax

Computation workpapers, financial reconciliations and supporting schedules for Saudi tax engagements.

Withholding Tax

Transaction analysis and supporting calculations for payments subject to Saudi withholding-tax requirements.

VAT & E-Invoicing

Indirect-tax requirements vary between Gulf jurisdictions. Saudi Arabia’s Fatoora framework also introduces specific requirements for invoice information and electronic integration.

VAT Support

Transaction classification, VAT reconciliations and return-support schedules based on the applicable country’s requirements.

Saudi Fatoora Readiness

Invoice-data reviews and accounting-process support for applicable ZATCA e-invoicing requirements.

Audit Engagement Support

Financial statements and their supporting records must withstand examination under the procedures of the responsible local audit firm.

Audit Preparation

Trial-balance reconciliations, lead schedules and supporting documentation.

Audit Workpapers

Financial statement tie-outs, assigned testing and control documentation prepared for engagement review.

IFRS & Group Reporting

Group reporting requires consistent treatment of transactions while recognising the standards applicable in each jurisdiction.

Financial Reporting

Financial statement schedules and technical reporting support, including Saudi requirements under SOCPA-endorsed IFRS.

Group Accounts

Consolidation adjustments, intercompany eliminations and reporting packages for multiple entities.

Transaction & Valuation

Investment and ownership decisions require examination of financial performance beyond the figures reported in the accounts.

Financial Due Diligence

Review of earnings, working capital and financial obligations relevant to a proposed transaction.

Valuation & Transaction Analysis

Valuation workings and financial models prepared around the assumptions underlying investment decisions.

Finance Function & Advisory

Financial reporting must also provide a basis for assessing liquidity and future commitments.

Financial Planning

Cash-flow forecasts, budgets and analysis of operating performance.

Financial Controls & Reporting

Management information, cost analysis and review of finance processes affecting the quality of reporting.

Specialist capabilities

A closer examination of regional financial matters

Certain assignments involve tax positions, accounting frameworks and financial information that must be considered within the requirements of a particular jurisdiction.

Saudi zakat & tax

Ownership-related tax treatment and the financial records supporting the applicable computations.

IFRS & technical reporting

Accounting treatment and group-reporting matters under relevant local standards.

Fatoora & invoice controls

Transaction information and finance processes underlying Saudi e invoicing.

Transaction analysis

Financial due diligence and valuation work for investment and ownership
decisions.

OUR Approach

A structured and disciplined approach

The assignment determines the work required. Our process establishes the records, responsibilities and review points before conclusions are delivered.

Understand

Establish the purpose of the engagement and the financial information required.

Scope

Agree on the work to be undertaken, responsibilities and expected deliverables.

Examine

Perform the accounting, preparation or financial analysis and document matters requiring attention.

Review

Check the underlying records and calculations against the agreed requirements as the process.

Deliver

Provide the financial reports, workpapers or analysis for the appropriate professional review

INSIGHTS

Insights that move
business forward

Practical perspectives on tax, compliance, finance and business – helping you make more unformed decisions.

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Discuss the work that needs attention

Whether the requirement involves accounting, tax-related financial work or a proposed transaction, we can discuss the relevant framework and scope of the assignment.