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IFRS Advisory and Audit Quality Support in Saudi Arabia
WDS supports companies and audit firms in Saudi Arabia with IFRS advisory, audit methodology and quality review work, and outsourced accounting delivered from Pakistan. Our audit partner spent part of his Deloitte career in the Kingdom and supported Deloitte KSA through its global practice review.
How does the regulatory environment in Saudi Arabia affect your finance function?
Saudi companies report under IFRS as endorsed by SOCPA, and statutory audits must be signed by a SOCPA licensed auditor. Zakat applies to Saudi and GCC owned businesses while foreign ownership is subject to corporate income tax, and VAT is levied at 15 percent with mandatory e-invoicing.
Rapid growth under Vision 2030 has increased demand for IFRS expertise, audit quality improvement and finance teams that can keep up with ZATCA reporting.
WDS is an ICAP registered firm in Pakistan. In Saudi Arabia we provide advisory and support services; statutory audit opinions and ZATCA filings are signed by locally licensed professionals.
Key regulators in Saudi Arabia
- Saudi Organization for Chartered and Professional Accountants (SOCPA)
- Licenses auditors and adopts IFRS for use in the Kingdom.
- Zakat, Tax and Customs Authority (ZATCA)
- Administers zakat, corporate income tax, VAT and e-invoicing.
- Ministry of Commerce
- Registers companies under the Companies Law.
What WDS provides for clients in Saudi Arabia
IFRS technical advisory
Accounting papers, IFRS 9, IFRS 15 and IFRS 16 implementation.
Financial Reporting and IFRSAudit quality and file review
Support for audit firms ahead of internal or regulatory reviews.
Audit Quality Review for FirmsOutsourced accounting and reporting
Month-end close, consolidations and management packs delivered remotely.
Outsourced CFO and Business AdvisoryPakistan market entry
Subsidiary set-up and compliance for Saudi investors entering Pakistan.
Corporate and SECP Compliance
Working with WDS in Saudi Arabia
Can you work with our existing Saudi auditor?
Yes. We often prepare IFRS papers and audit-ready schedules that your SOCPA licensed auditor reviews, which shortens the audit and reduces queries.
Do you support audit firms in the Kingdom?
Yes. We have supported a Big 4 member firm in Saudi Arabia during its global practice review and offer file reviews and methodology support to other firms.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.