Saudi-Standard Accounting Review Services That Help You Avoid Fines

Worried About Poor Accounting? Get a Review That Fixes Problems Before They Cost You.

Many companies find mistakes only when a bank, auditor, or ZATCA officer points them out. Our accounting review services stop that from happening. We check your statements deeply, explain every issue simply, and help you stay fully compliant with Saudi laws and IFRS.

What Does This Service Actually Mean?

An accounting review is a professional check of your financial statements. It is lighter than a full audit, but it still gives you what experts call “limited assurance.” This means we review your numbers, study trends, ask questions, and look for mistakes that could change the meaning of your financial statements. 

In Saudi Arabia, reviews follow international standards like ISRE 2400 and ISRE 2410, which SOCPA uses. These standards help us stay aligned with global best practices while still meeting local requirements.

How a Review Helps You

A proper preaudit review gives you confidence that your books make sense. It helps you share your financial statements with lenders, partners, and regulators without fear. It also helps you prepare for a future audit or tax check because your accounts will already be clean and consistent.

Why a Review Matters in Saudi Arabia? 

Saudi Law Requires Accuracy

Saudi companies must follow the Companies Law and prepare financial statements according to SOCPA-approved standards. Most companies use IFRS. These rules make accuracy a legal requirement, not just a “good-to-have.” If your numbers are wrong, you can face penalties or delays in approvals.

ZATCA Rules Make Clean Books Even More Important

ZATCA checks VAT filings, tax reports, and e-invoicing systems. Many errors in accounting lead directly to tax mistakes, which can bring fines. Detailed accounting review services like ours help you catch these issues early.

Sector Regulators Expect Reliable Statements

Banks in Saudi Arabia follow rules set by SAMA, and publicly listed companies follow CMA regulations. If your company is private, foreign-owned, and not listed, you don’t need to follow SAMA or CMA. Instead, you follow MISA, the Ministry of Commerce, ZATCA, labour authorities, and any rules specific to your industry. 

Even then, these authorities expect accurate and well-organized financial statements. Getting your accounts reviewed makes your numbers clearer, easier to trust, and more acceptable to all the regulators you deal with.

Laws and Standards We Follow

Our accounting review services Saudi Arabia adhere to: 

Saudi Companies Law

This law explains how your financial statements must be prepared, approved, and filed. It guides many reporting responsibilities for businesses in the Kingdom.

SOCPA Requirements

SOCPA requires accountants to follow international auditing and review standards. That means your review follows the same rules used by global firms, giving it strong credibility.

IFRS for Financial Statements

Most companies in Saudi Arabia use IFRS. During a review, we check if you recorded revenue, expenses, assets, liabilities, and disclosures correctly under IFRS rules.

ZATCA and Tax Guidelines

VAT, withholding tax, and e-invoicing rules all connect to accounting entries. We follow ZATCA guidelines to ensure your statements align with your tax filings.

Industry-Specific Rules

If you belong to a regulated sector like banking or capital markets, we also follow SAMA and CMA requirements to make sure your reporting stays compliant.

How Our Review Process Works

Starting the Engagement

Our accounting review services begin by sending you an engagement letter that explains the work, timeline, responsibilities, and fees. This keeps everything transparent and clear before we start.

Planning and Understanding Your Business

We study how your business earns revenue, spends money, records transactions, and controls risk. This helps us understand where mistakes might occur.

Checking IFRS Compliance

We look closely at your accounting policies and see if they follow IFRS, ZATCA, and other local GAAP rules. We pay attention to areas like revenue recognition, depreciation, inventory valuation, payables, receivables, and other accounts that impact your financial picture.

Running Analytical Procedures

We compare your results with previous periods, use ratios to spot unusual patterns, and ask you questions whenever something does not look normal. This step is a major part of the audit of accounts KSA.

Sampling and Confirmations

We check selected invoices, bank transactions, customer balances, and supplier records to ensure they match your books. If needed, we send confirmations to banks or vendors for clarity.

Looking at Controls and Tax Records

We perform a financial statement review Saudi Arabia of your internal controls, accounting system, VAT setup, and e-invoicing to ensure your financial reports are accurate and reliable.

Issuing the Final Report

At the end, we prepare our working papers and issue a written review report based on ISRE standards. You also receive recommendations that help you fix issues and improve your processes.

Review vs. Audit

Understanding the Difference

A review gives limited assurance. This means the work is lighter and mainly involves analysis and inquiries. An audit gives high assurance and requires deeper testing, inspection, and documentation. Many companies do not need a full audit, so they choose a review because it gives confidence at a lower cost and in less time.

Who Usually Gets This Service

Growing businesses, private companies preparing for investors, and firms applying for bank loans often get a review. Companies also use reviews when they need cleaner numbers before an audit or before submitting statements to regulators. Parent companies use reviews to ensure their subsidiaries’ records are ready for consolidation.

What You Receive at the End

You get a complete review report that follows ISRE standards, a management letter with issues and suggestions, and a full set of working papers that show the work we performed. You also receive clear recommendations on how to improve your accounting system, strengthen controls, and avoid tax-related errors.

Why Our Review Stands Out

Our accounting review services Saudi Arabia follow every law and every standard required in Saudi Arabia. We stay updated with SOCPA rules, IFRS changes, ZATCA updates, and sector-specific guidelines. We explain everything in simple English and make sure you understand your numbers without confusion. Many companies trust us because our work reduces their risk before it reaches tax authorities, banks, auditors, or investors.

How Long Does the Review Take

A small business review normally takes two to four weeks. Medium companies take four to eight weeks because they have more transactions and more areas to check. Larger companies or groups may take longer due to higher complexity. We always discuss this clearly when starting the engagement.

Important Terms Explained Simply

• Materiality means the size of an error that matters in financial reporting. 
• Analytical procedures are checks we perform using trends, ratios, and comparisons. 
• Sampling means we review only part of your records because it is not practical to check everything. 
• An engagement letter is the agreement for the work, and a management representation letter is signed at the end to confirm the information you gave us is correct. 
• Limited assurance means we give a conclusion based on review-level work, not full audit testing.