Expert Financial Audit Services in Saudi Arabia for Confident Business Decisions

Investors, lenders, and the capital markets need to trust your numbers. Financial statement audits make that possible. They show that your information is accurate, reliable, and clear. With audits like these, your business builds confidence and credibility.

Eighty20 Business and Financial Solutions offers trusted financial audit services in Saudi Arabia that give you a clear edge in business decisions. We handle all types of financial audits your business might need, including external, internal, risk management, stock, and forensic audits. Our expertise extends across the UAE, KSA, and Bahrain. 

What Makes Us Different? 

In recent years, economic challenges and corporate scandals have highlighted the critical role of independent audits. Today, stakeholders expect greater transparency, and businesses need reliable insights. At Eighty20 Business and Financial Solutions, we are meeting this demand by evolving the way we deliver financial statement audits in Saudi Arabia.

We listen carefully to our clients and stakeholders. We adopt advanced data analytics and modern audit processes. This allows us to provide financial audit services in Saudi Arabia that are not just compliant but also meaningful. Our goal is to make audits more relevant, insightful, and trusted, raising the standard of quality with every engagement.

• A certified audit firm in Riyadh trusted for objective reviews and practical insight.
• Compliant with SOCPA and IFRS standards.
• A process built around clarity, accountability, and efficiency.

We don’t make the audit experience complicated. We make it simple so you can focus on what drives your business forward.

Every Client. Every Report. 

One Principle: “Integrity Above All”

We serve a wide variety of clients, from small family businesses to major global corporations:

• Corporates and SMEs
• Family-owned businesses
• Multinational subsidiaries
• Free zone and mainland companies expanding their operations from the UAE to Saudi Arabia

The Financial Statements We Audit for Your Business

A financial statement is a complete record of a company’s financial performance and position. It typically includes the Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Income Statement), Statement of Changes in Equity, Cash Flow Statement, and Notes to the Accounts.

Each part serves a different purpose, and together they give a full picture of your company’s financial health, compliance, and stability.

In Saudi Arabia, these statements are prepared and audited following IFRS and SOCPA standards to ensure accuracy and transparency. Here are the different types of financial statement audit KSA that we offer:

• External Audit
• Internal Audit
• Risk Management Audit
• Stock Audit
• Forensic Audit

Under this, Eighty20 Business and Financial Solutions provides reliable financial audit services, including balance sheets, income statements, cash flow, and equity statements.

Balance Sheet

A balance sheet shows your company’s financial position at a specific moment. It highlights three key areas:

• Assets: what your business owns
• Liabilities: what your business owes
• Equity: the owner’s share

Our financial statement audits Saudi Arabia ensure your balance sheet accurately reflects your business’s economic health. This gives investors, lenders, and stakeholders confidence in your company.

Income Statement

Also called the profit and loss statement, the income statement shows how your business performed over a period. It tells you whether your company made a profit or faced a loss. Key components:

• Revenue: income your business earns
• Expenditure: costs of running the business

Our certified auditors make sure your financial statement audit KSA shows your business performance accurately, helping you make smart decisions.

Cash Flow Statement

A cash flow statement tracks the movement of cash and bank balances over time. It shows where money comes from and how it is used. It covers three types of activities:

• Operating activities: day-to-day business operations
• Investing activities: purchases or sales of assets
• Financing activities: loans, dividends, or equity changes

With our financial statement audit Saudi Arabia, you gain a clear picture of cash flow, helping you manage resources strategically. 

Statement of Changes in Equity

This statement shows how owner equity changes over time and the effect of key decisions. It includes:

• Profit and loss: net income affecting equity
• Dividends: distributions to owners
• Gains or losses: other adjustments affecting equity

Our SOCPA compliant audit in Saudi Arabia presents these changes clearly. Stakeholders can easily understand the full picture of ownership. 

Our Financial Audit Process

Every audit starts with understanding your business, not just your ledgers. Here’s how we make your audit experience clear and insightful:

Planning and Risk Assessment

We review your business structure, identify key financial areas, and create a focused audit plan.

Internal Controls Review

Our team reviews your financial systems and policies to ensure they comply with international standards, IFRS, SOCPA, ZATCA, and the Ministry of Commerce requirements.

Substantive Testing and Verification

We check account balances, transactions, and disclosures to confirm accuracy and reliability.

Financial Statement Audit & Reporting

As a certified audit firm KSA, we prepare your audit report clearly. It explains findings, risks, and recommendations in simple, easy-to-understand language.

Turning Numbers into Growth for Your Business and the Economy

Here’s why hundreds of clients trust our financial statement audit KSA: 

Timeline

A complete financial audit or internal control review usually takes around 2 to 3 weeks. The duration can vary depending on how quickly documents are provided, the level of system access, and the availability of key stakeholders.

At Eighty20 Business and Financial Solutions, every engagement is handled in structured phases to keep things transparent and avoid any major interruptions to your operations.

Qawaem Portal Upload for Foreign-Owned Companies

If you run a foreign-owned business in Saudi Arabia, you must upload your audited financial statements in Arabic on the Qawaem Portal within six months of the financial year end.

Qawaem submissions are mandatory for all micro or small enterprises that are foreign-owned, without exception.

Since the Qawaem process is highly detailed and strictly regulated, appointing a qualified auditor is essential to handle the Qawaem upload accurately and on time.

We can handle the entire process for you, ensuring your audited financials are submitted accurately, on time, and in full compliance.

Decades of Leadership. The Right Tools. Unmatched Expertise.

Partner with Eighty20 Business and Financial Solutions for financial audit services Saudi Arabia and make every decision count. Get in touch now!