Forensic Audit and Fraud Investigation Services in Saudi Arabia

Hidden financial risks can quietly harm a business. Eighty20 Business and Financial Solutions uncovers these risks with expert forensic audit services, helping your finances stay secure and compliant. Our forensic accountants examine bank statements, invoices, contracts, and financial records to detect fraud, errors, or misuse of funds. They gather clear evidence that can be used with regulators, courts, or internal investigations. Protect your business, ensure compliance, and know the truth with Eighty20 Business and Financial Solutions.

What Is a Forensic Audit and Why It’s Needed

A forensic audit is a specialized review of financial records designed to uncover fraud or abuse. It combines accounting expertise with investigative techniques. Unlike a standard audit, a forensic audit prepares evidence suitable for legal use. The team plans the work, gathers documents and data, traces financial activity, and explains exactly what happened. Findings are documented in a clear report, and forensic auditors may testify as expert witnesses in court to help judges and lawyers understand the financial facts.

Our Forensic Audit Services

We offer comprehensive forensic audit services in Saudi Arabia, each aimed at protecting your business:

• Fraud Detection & Investigation: Reviews transactions and accounts to uncover embezzlement or falsified entries using forensic tools to gather proof.

• Asset Tracing: Tracks missing or hidden assets across accounts and locations to recover improperly moved funds.

• Financial Statement Review: Checks income statements, balance sheets, and expense records for accuracy.

• Procurement and Vendor Fraud Checks: Audits purchasing and suppliers to detect inflated invoices or fake vendors.

• Regulatory Compliance Review: Ensures records and filings comply with ZATCA, SOCPA, and other Saudi regulations.

• Litigation Support & Expert Witness: Prepares reports and evidence for legal cases and provides court testimony if needed.

• Fraud Investigation Services: Conducts interviews, policy reviews, and other investigative work, supporting police reports or court cases.

• Financial Forensics (Forensic Accounting): Uses accounting and data analysis to investigate money laundering, bribery, insurance claims, disputes, or hidden assets.

Legal and Regulatory Framework in Saudi Arabia

Forensic audits in KSA follow multiple Saudi laws and standards:

• ZATCA: Ensures VAT and tax filings are accurate, avoiding fines.

• SOCPA: Adheres to Saudi auditing and accounting standards based on IFRS.

• Ministry of Commerce: Confirms corporate records and licenses align with audit findings.

• CMA: Supports listed companies with investor reporting and disclosures.

• Courts and Legal Rules: Evidence is gathered in compliance with Saudi laws and may involve the Financial Intelligence Unit (FIU) or law enforcement.

• Anti-Fraud and AML Laws: Supports investigations under anti-corruption and anti-money laundering regulations.

Our team keeps you informed of each regulatory step to ensure compliance and transparency.

Fraud Investigation Audit in Saudi Arabia

For suspected fraud, we conduct targeted fraud investigation audits. This includes forensic steps plus staff interviews, witness statements, and document reviews. We identify the source of fraud, trace the flow of funds, and determine responsibility. Our clear fraud report can be used by regulators, police, or courts and supports decisions on legal or disciplinary actions.

Court-Ready Financial Evidence

Our forensic audit team provides litigation support by translating complex financial data into plain language for lawyers, judges, and companies. Services include:

• Calculating lost profits or damages

• Tracing assets in disputes or divorces

• Reviewing contracts for hidden fraud

• Providing expert opinions on financial claims

Our experts prepare structured evidence that meets legal standards, supporting civil or criminal cases. In court, findings are presented clearly to help judges understand fraud and financial misconduct.

Our Step-by-Step Forensic Audit Process

1. Planning and Scope: Define objectives, areas to review, potential fraud risks, and timelines.

2. Evidence Collection: Gather documents, logs, emails, contracts, and CCTV as needed, ensuring evidence integrity.

3. Analysis and Review: Examine data for anomalies and wrongdoing using accounting and forensic tools. Findings are summarized with charts and reports including recommendations for future prevention.

4. Court Presentation: Present findings in simple terms, showing how fraud occurred, who was involved, and relevant legal violations, supporting regulators, lawyers, or judges.