AKCPA provides audit and assurance services to organizations operating in Saudi Arabia, supporting statutory reporting requirements and the need for independent assurance over financial information
Audit and assurance represent a core service of the firm. Our work serves international groups with Saudi operations, established local companies, and regulated entities requiring audits performed in accordance with applicable professional standards and regulatory requirements.
Audit and assurance engagements arise where independent assurance is required over financial statements or other financial information under applicable laws, regulations, or contractual arrangements.
Organizations engage AKCPA when:
These engagements require independence, professional judgment, and disciplined execution in accordance with auditing standards.
AKCPA provides audit and assurance services through formal professional mandates.
Depending on the engagement, services may include:
Each engagement is undertaken within a clearly defined scope and reporting framework.
Audit and assurance engagements are performed in accordance with the International Standards on Auditing as adopted in the Kingdom of Saudi Arabia by SOCPA, together with applicable laws and regulatory requirements.
Financial statements subject to audit are assessed against International Financial Reporting Standards and International Accounting Standards as adopted in Saudi Arabia, or other applicable reporting frameworks where required.
Audit work focuses on obtaining sufficient and appropriate audit evidence, applying professional judgment and professional skepticism, and forming audit opinions in accordance with the applicable standards.
AKCPA undertakes audit engagements for entities that form part of international or domestic group structures
Where applicable, audits are performed in alignment with group audit requirements indicating in International Standard on Auditing 600, including coordination with the group auditor, component audit reporting, and adherence to group audit instructions issued in accordance with applicable standards.
Our role is performed within the responsibilities assigned to component auditors under the relevant auditing standards.
AKCPA maintains a quality management framework designed to support compliance with applicable auditing standards and professional requirements.
Audit engagements are subject to:
Audit and assurance services are delivered with strict regard to independence and ethical requirements.
Audit engagements are not combined with accounting advisory, internal audit, or forensic services for the same audited entity where such combination would impair independence.
Subject to applicable SOCPA regulations, standards, and ethical requirements, audit engagements may coexist with zakat and tax compliance services under separate mandates, provided that all professional safeguards are observed.
If your organization requires statutory audit or independent assurance services in Saudi Arabia, contact us to discuss your requirements.