Why Does Your Company Need an Independent Audit?
More reliable financial information
An independent audit helps management and stakeholders understand financial information within a defined engagement scope.
Varied reporting requirements
The need for audited financial statements may arise from contractual, regulatory, investment, or partnership requirements and differs by circumstance.
Consequential decisions and partnerships
An independent report provides a professional basis for discussions around financial statements when evaluating relevant opportunities or obligations.
Considered regulatory scope
Auditor appointment requirements vary by legal form, ownership, size, and applicable regulations; we begin by identifying the requirement relevant to the entity.
What We Deliver in an Audit Engagement
Financial statement audit
Audit procedures designed around the entity, material risks, and available information within the agreed engagement scope.
Independent auditor's report
A professional report that states the opinion under the relevant standards, with its purpose and use defined for the circumstances.
Disclosures and accounting treatments
Review of disclosures and accounting policies relevant to the financial statements and applicable standards within scope.
Management observations
Professional communication on observations relevant to controls or financial information when identified through engagement procedures.
How Does the Audit Process Work?
Planning & Understanding
We begin by understanding your business, sector, and operational scale to identify material risks and design appropriate audit procedures.
Internal Control Assessment
We assess your internal control system to identify strengths and weaknesses and determine the extent to which we can rely on them to reduce testing scope.
Substantive Testing
We test selected transactions, balances, and disclosures in response to assessed risks to obtain sufficient appropriate audit evidence.
Report Issuance
We issue the Independent Auditor's Report and Management Letter after discussing findings with management and obtaining their written representations.
Frequently Asked Questions About Auditing
What is the difference between external and internal audit?+
An independent external auditor expresses an opinion on financial statements under the applicable financial reporting framework. Internal audit focuses on governance, risk, and controls and may be delivered by an in-house function or an outsourced provider.
What standards do you follow in auditing?+
We perform audit engagements under International Standards on Auditing as adopted in Saudi Arabia by SOCPA, together with the regulatory and professional requirements relevant to the entity and engagement.
How long does an audit take?+
Timing depends on the organisation's size and complexity, record quality, financial-statement readiness, and response time to queries. We confirm the plan, phases, and expected timetable after understanding the engagement scope.
Can you audit financial statements for prior years?+
A prior-period audit may be considered after assessing record availability, evidence, and whether the engagement can be performed under the standards. Scope and timing are agreed separately for each period.
What is the difference between an unmodified and a qualified opinion?+
An unmodified opinion is issued when the auditor concludes that the financial statements are prepared, in all material respects, under the applicable reporting framework. A qualified opinion or another modified opinion depends on the nature of the matter and how pervasive its effects are under the relevant auditing standards.
Need to define the right audit scope?
Start a professional conversation about your reporting requirements and engagement context before deciding the next steps.
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