Saudi Arabia Statutory Financial Reporting

Expert support to meet your needs

BDO has invested in the latest tools to help clients prepare financial statements under International Financial Standards.  We have local teams who can work closely with clients to assist with the production of statutory financial statements.

We have also developed Saudi Arabian financial reporting centres of excellence where we have dedicated teams who produce statutory financial statements for our accounts clients, as well as supporting clients audited by other firms where for example, auditors are conflicted due to independence rules. 

Our dedicated team is focused on ensuring you meet your financial reporting requirements with the following services:

Financial statement preparation

Delivery of statutory financial statements prepared in accordance with IFRS (as endorsed by Saudi Arabia) for single entities or consolidated groups.

Migration and translation

Ensuring accurate migration or translation between the following GAAPs:

• UK GAAP and US GAAP.

Consolidation

Preparation of the consolidated results of your business from subsidiary company information to support preparation of statutory financial statements.

Audit liaison

A tailored approach for your needs, from simply answering queries relating directly to our statutory financial statement preparation work, to being an integral part of your relationship with your auditors.

iXBRL

Converting your statutory financial statements into InLine eXtensible Business Reporting Language (iXBRL) format for submission to the Ministry of Commerce and Investment.