Audit and Assurance
At Khaled Ahmad A. Al-Mubarak CPA, we provide comprehensive audit and assurance services designed to help businesses maintain financial transparency, meet regulatory requirements, and build trust with stakeholders. Our services include:
Statutory Financial Statement Audits
In Saudi Arabia, audit requirements for entities are governed by the Saudi Organization for Chartered and Professional Accountants (SOCPA) and regulations from the Ministry of Commerce and other relevant authorities.
It is mandated for listed entities, Joint stock entities, financial institutes and certain other entities meeting particular criteria to carry out annual audit of financial statements. Audit is carried out, only by SOCPA licensed auditors, as per the requirements of International Standards of Auditing (ISA) as adopted by SOCPA.
Internal Audits
It is mandatory for listed entities to ensure robust internal audit function as part of Corporate governance framework. In addition, financial institutes are also required to have internal audit processes.
Internal audits assess an organization’s internal controls, risk management and operational efficiency and providing insights for improvement.
Review and Compilation Services
We offer reviews and compilations of financial statements for organizations needing a lower level of assurance than a full audit.
Special Purpose Audits
We also provide audits tailored to specific needs, such as grant compliance, agreed-upon procedures carried out as per ASRS 4400 (Agreed-upon procedures engagements).
