Expert Financial Audit Services in Saudi Arabia for Confident Business Decisions

Investors, lenders, and capital markets rely on trustworthy financial information. Financial statement audits help provide that confidence by confirming that a company’s financial records are accurate, reliable, and transparent.

Eighty20 Business and Financial Solutions provides trusted financial audit services in Saudi Arabia to help businesses make informed decisions. Our team conducts various types of financial audits, including external audits, internal audits, risk management reviews, stock audits, and forensic audits.

We support clients across the UAE, Saudi Arabia, and Bahrain, offering consistent and dependable audit services in each market.

What Makes Us Different?

In recent years, economic pressures and corporate scandals have increased the demand for independent audits. Investors and regulators expect greater transparency, and businesses need financial information they can rely on.

At Eighty20 Business and Financial Solutions, we continuously improve how we deliver financial statement audits in Saudi Arabia to meet these expectations.

We take the time to understand each client’s business operations and financial structure. Our team uses modern audit tools and data analysis to carefully review financial records and provide insights that support better decision-making.

Our approach focuses on delivering clear, accurate, and dependable audit results.

• A certified audit firm in Riyadh known for objective financial reviews

• Compliance with SOCPA and IFRS standards

• A structured process focused on clarity, accountability, and efficiency

We aim to keep the audit process simple so businesses can focus on their core operations.

Every Client. Every Report.

Integrity is the foundation of every engagement we undertake.

We work with a wide range of clients, including:

• Corporates and SMEs

• Family-owned businesses

• Multinational subsidiaries

• Free zone and mainland companies expanding from the UAE into Saudi Arabia

The Financial Statements We Audit for Your Business

Financial statements provide a full picture of a company’s financial performance and position. They typically include:

• Statement of Financial Position (Balance Sheet)

• Statement of Comprehensive Income (Income Statement)

• Statement of Changes in Equity

• Cash Flow Statement

• Notes to the Accounts

Each statement serves a different purpose, and together they provide a comprehensive view of a company’s financial stability, performance, and compliance.

In Saudi Arabia, financial statements are prepared and audited according to IFRS and SOCPA standards to ensure transparency and accuracy.

The financial statement audit services we offer include:

• External audit

• Internal audit

• Risk management audit

• Stock audit

• Forensic audit

• Agreed-upon procedures

These audits verify the accuracy of balance sheets, income statements, cash flow statements, and equity records.

Balance Sheet

A balance sheet shows a company’s financial position at a specific point in time. It focuses on three key elements:

• Assets – resources owned by the business

• Liabilities – financial obligations owed by the business

• Equity – the owner’s share in the company

Our financial statement audits ensure that the balance sheet accurately reflects the company’s financial position. This gives investors, lenders, and stakeholders greater confidence.

Income Statement

The income statement, also known as the profit and loss statement, shows how a business performs over a specific period.

Key components include:

• Revenue – income generated by business operations

• Expenses – costs involved in running the business

Our auditors verify that financial performance is reported accurately so business leaders can make informed decisions.

Cash Flow Statement

A cash flow statement tracks the movement of cash within a business during a given period.

It typically includes three types of activities:

• Operating activities related to daily operations

• Investing activities involving asset purchases or sales

• Financing activities such as loans, dividends, or equity changes

Through our financial audit services, businesses gain a clear understanding of cash movements and financial stability.

Statement of Changes in Equity

This statement shows how ownership equity changes over time due to financial results and business decisions.

It may include:

• Net profit or loss affecting equity

• Dividends distributed to owners

• Other gains or losses impacting equity

Our SOCPA-compliant audit reports present these changes clearly so stakeholders can understand ownership and financial performance.

Our Financial Audit Process

Every audit begins with understanding the client’s business operations and financial systems.

Planning and Risk Assessment
We analyze the business structure, identify key financial areas, and develop a focused audit plan.

Internal Controls Review
Our team reviews financial systems and internal policies to ensure they meet international and local standards, including IFRS, SOCPA, ZATCA requirements, and Ministry of Commerce regulations.

Substantive Testing and Verification
We examine account balances, transactions, and financial disclosures to confirm their accuracy.

Financial Statement Audit and Reporting
We prepare a clear audit report explaining findings, risks, and recommendations in straightforward language.

Turning Numbers into Growth for Your Business

Many businesses choose our financial statement audit services because we focus on delivering practical insights alongside compliance.

Our approach includes:

• Focusing on financial areas that matter most to your business

• Providing practical recommendations for growth

• Offering fast, flexible, and responsive service

• Encouraging collaboration and fresh financial perspectives

Audit Timeline

A complete financial audit or internal control review usually takes 2 to 3 weeks.

The exact duration may vary depending on how quickly documents are provided, the level of system access available, and the availability of key personnel during the audit.

Each engagement is carried out in structured phases to ensure transparency and minimize disruption to your operations.

Qawaem Portal Upload for Foreign-Owned Companies

Foreign-owned businesses operating in Saudi Arabia must upload audited financial statements in Arabic on the Qawaem Portal within six months after the financial year ends.

Qawaem submissions are mandatory for all foreign-owned micro and small enterprises.

Because the process involves detailed regulatory requirements, working with a qualified auditor is essential to ensure accurate and timely submission.

Eighty20 Business and Financial Solutions can manage the entire Qawaem submission process, ensuring your audited financial statements are prepared, translated when required, and uploaded correctly.

Decades of Leadership. The Right Tools. Trusted Expertise.

Partner with Eighty20 Business and Financial Solutions for professional financial audit services in Saudi Arabia and gain reliable financial insight for every major business decision.

Contact us today to learn how our audit team can support your company’s financial clarity and compliance.