Top Audit & Assurance Services in Saudi Arabia by Eighty20

What Is Audit & Assurance and Why It Matters

Businesses in the Kingdom of Saudi Arabia must maintain clear and transparent financial records to meet regulatory requirements and build investor confidence.

Audit and assurance refer to professional evaluations of a company’s financial statements and financial practices. These reviews help confirm that records are accurate and comply with legal and accounting standards.

Eighty20 Business and Financial Solutions provides professional audit and assurance services in Saudi Arabia to help businesses meet these goals. Our services include compliance-ready reviews, structured financial reporting, and careful oversight of financial operations.

All our audit and assurance engagements are carried out by licensed auditors and experienced assurance professionals.

Compliance Timelines for Audit & Assurance in Saudi Arabia

Completing audits on time is essential for regulatory compliance and proper corporate governance. We organize structured timelines to ensure all reporting obligations are met without delays.

Interim Audit
A mid-year financial review that is typically completed within 2 to 3 weeks.

Year-End Audit
Usually finalized within 2 to 3 weeks after the fiscal year ends.

Compliance Review
Delivered within statutory deadlines required by authorities, such as Qawaem submissions, corporate tax filings, VAT compliance, and other regulatory audit requirements.

Assurance Engagements
Scheduled based on investor or regulatory requirements. For example, special purpose audits or due diligence reviews requested by investors are planned according to the required timeline.

Audit & Assurance Services We Offer

Eighty20 Business and Financial Solutions provides a wide range of audit and assurance services in Saudi Arabia designed to meet different business needs.

Our services include:

• External audit for statutory financial statement compliance

• Internal audit and risk advisory for internal control reviews

• Interim financial reviews conducted mid-year

• Financial due diligence for mergers, acquisitions, or investments

• Forensic audits to investigate fraud or financial misconduct

• IKTIVA compliance audits aligned with Saudi Aramco program requirements

• Sales audits for franchise or royalty verification

• Certificate of Origin verification audits for export documentation

• Special purpose audits based on specific stakeholder requirements

• Agreed-Upon Procedures (AUP) reports based on defined procedures

• ESG and sustainability assurance for environmental and governance reporting

• Fraud investigation support through investigative audits

If you are unsure which service is suitable for your situation, our team can help identify the right audit approach.

Schedule a Consultation
If you are interested in any of these services, contact Eighty20 to discuss your requirements. Our team provides personalized guidance to help you choose the most suitable audit or assurance engagement.

Documents Required for Audit & Assurance in Saudi Arabia

An effective audit requires properly organized documentation. Eighty20 helps businesses prepare regulator-ready records so the audit process runs smoothly.

Financial Statements and Ledgers

• Income statement, balance sheet, and cash flow statement

• General ledger, trial balance, and journal entries for the review period

Compliance Filings and Audit Trails

• VAT returns, zakat filings, and supporting schedules

• Audit trail reports from accounting or ERP systems showing transaction history and system changes

Internal Policies and Governance Records

• Company accounting policies

• Internal control procedures and governance documentation

• Board meeting minutes when relevant

ERP System Configurations

• System setup details for financial software such as SAP, Oracle NetSuite, Odoo, or QuickBooks

• Access controls and workflow settings used for IT control reviews

Contracts and Agreements

Important legal and financial documents may include:

• Loan agreements

• Lease contracts

• Vendor or supplier contracts

• Shareholder agreements

These documents help verify accounting treatments and identify key financial obligations.

Keeping these records organized helps reduce delays and speeds up the audit process.

Laws and Authorities Governing Audit & Assurance in Saudi Arabia

Audit and assurance services in Saudi Arabia operate under several regulatory authorities and professional standards.

ZATCA (Zakat, Tax and Customs Authority)
ZATCA is the government authority responsible for administering taxes, VAT, and zakat. It ensures companies file and report tax obligations accurately during audits.

SOCPA (Saudi Organization for Chartered and Professional Accountants)
SOCPA sets the accounting and auditing standards that companies must follow when preparing financial statements and undergoing audits in Saudi Arabia.

IFRS (International Financial Reporting Standards)
IFRS are globally recognized accounting standards used by many Saudi businesses to ensure financial statements are consistent and transparent.

Ministry of Commerce
The Ministry of Commerce oversees corporate compliance and ensures companies maintain proper financial records and submit audited financial statements as required by Saudi company law.

ISO Certification

ISO certification is more than adding a certificate to your business profile. It involves building effective systems and processes within your organization.

We guide businesses across Saudi Arabia through the full ISO certification process. This includes reviewing existing procedures, identifying documentation gaps, and conducting internal audits.

Our work follows standards set by the International Organization for Standardization, including:

• ISO 9001 for quality management

• ISO 14001 for environmental management

• ISO 27001 for information security

Our goal is to help businesses implement proper controls, organize policies, and prepare confidently for external certification audits.

Cost & Pricing Overview for Audit & Assurance

The cost of audit and assurance services in Saudi Arabia depends on several factors, including company size, operational complexity, and reporting requirements.

We provide clear pricing estimates in advance and discuss the scope of work with you. Each audit engagement is customized so businesses only pay for the services they need.

Industries We Serve with Audit & Assurance in Saudi Arabia

Our audit and assurance services are designed to meet the compliance and reporting needs of different industries. We serve clients across various sectors in Saudi Arabia, including:

• Retail and e-commerce

• Healthcare and pharmaceuticals

• Real estate and construction

• Finance and banking

• SMEs and family-owned businesses

For each sector, Eighty20 adjusts its audit approach to address specific regulatory risks and compliance challenges.

Why Choose Eighty20 for Audit & Assurance Services in Saudi Arabia

Eighty20 stands out among audit firms in Saudi Arabia because of our regulatory expertise and client-focused approach.

Alignment with Saudi Regulations
Our audit procedures strictly follow Saudi regulatory frameworks, including ZATCA tax rules, SOCPA standards, and Ministry of Commerce requirements.

Compliance-Ready Reporting
We deliver audit reports prepared for regulators and investors, allowing you to submit financial statements with confidence.

Integration of Modern Tools
We use modern technologies such as ERP integrations and data analytics platforms to improve audit accuracy and efficiency. This allows faster data review and deeper financial analysis.

Customized Audit Strategies
Our audit methods are tailored to your company’s size, industry, and operational risks.

Ongoing Advisory Support
Our role goes beyond a yearly audit. We provide continued advisory support, compliance updates, and regulatory guidance even after the audit engagement is completed.

Get Your Audit & Compliance Plan Started

Choosing the right audit partner can significantly improve financial transparency and regulatory compliance.

An Eighty20 audit consultant is ready to assist you. Contact us today to schedule a consultation and learn more about our customized audit and assurance solutions.