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IFRS Advisory and Audit Support for Dammam Companies and Firms
WDS Chartered Accountants supports companies and accountancy practices in Dammam with IFRS advisory, audit quality work and outsourced accounting, delivered by ICAP chartered accountants from Pakistan. Dammam and the wider Eastern Province are the heart of Saudi Arabia's oil, gas and petrochemical industry and its supporting contractors.
- ICAP chartered accountants
- Big 4 trained partners
- Remote delivery in your time zone
How WDS supports businesses in Dammam
Dammam and the Eastern Province form the industrial heart of Saudi Arabia, home to oil and gas, petrochemicals and the contractors and suppliers that serve them.
We help Eastern Province contractors and industrial companies with IFRS reporting, project accounting and audit preparation.
Long term contracts and IFRS 15
Contractors serving the energy sector recognise revenue over many years under IFRS 15. We review contract accounting, variations and provisions so the numbers hold up at audit.
What do Dammam businesses need from their accountants?
Contract accounting
Contractors need IFRS 15 revenue recognition over long projects.
Internal controls
Industrial service companies need strong procurement and project controls.
Which industries do we serve in Dammam?
Our partners tailor audit procedures, tax reviews and reporting to the sectors that shape Dammam's economy.
- Oil and gas services
- Petrochemicals
- Industrial contracting
- Logistics
Regulators that matter to Dammam businesses
- 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.
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.
Our services in Dammam
Financial Reporting and IFRS in Dammam
IFRS statements, IFRS 9 ECL, IFRS 16 and IFRS 17 implementation.
Risk Advisory and Internal Controls in Dammam
ICFR reviews, SOPs, risk frameworks and fraud risk management.
Outsourced CFO and Business Advisory in Dammam
Fractional CFO, budgeting, cash flow, valuations and feasibility studies.
Nearby locations we serve
Questions from Dammam clients
Do you advise oil and gas contractors on IFRS 15?
Yes. We advise on revenue over time, variations, claims and contract costs for long-term service contracts.
Do you advise oil and gas contractors in Dammam?
Yes. We support contractors with IFRS 15 revenue recognition, project costing and audit preparation.
Do you cover Al Khobar and Jubail?
Yes. We support clients across the Eastern Province remotely.
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.
Your first consultation is free.
A partner will review your requirements and outline a clear path forward. No sales pitch, no obligation.