External Auditing Service
External Auditing
At Al-Hamly & Partners, we offer external auditing services conducted by certified public accountants in accordance with internationally recognized standards in Saudi Arabia. Our services include reviewing financial statements to ensure the accuracy and integrity of the accounting records for companies and organizations through our best auditing offices. We prepare reports indicating whether the financial statements fairly represent the financial position and performance of the entity at the end of the period, in compliance with the established auditing standards. Additionally, we provide management reports highlighting weaknesses in the internal control system and offer recommendations for improving company performance.
External Auditing Includes:
We provide external audit services for general-purpose financial statements, aiming to build trust with the targeted users of these statements. This is achieved by a review office that delivers an independent report confirming whether the financial statements fairly represent the financial position and performance of the entity at the end of the period, in accordance with the accepted auditing standards. We also submit the audited financial statements and the final audit report to the Ministry of Commerce’s “Qawaem” platform, in line with the Saudi Companies Law.
We provide audit services for financial statements specifically tailored to meet the needs of designated users. These statements are prepared by an accredited audit office in accordance with a specific financial framework suited to the intended purposes of the financial information users, ensuring that their requirements are met effectively.
In our limited review services, we apply advanced analytical procedures and inquiry with company officials about financial and accounting issues. This process is carried out in accordance with the Review Engagements Standard (2410) approved in Saudi Arabia, which focuses on "reviewing interim financial information" by an independent auditor, ensuring the reliability of the quarterly or semi-annual financial reports.
We offer flexible solutions for companies or individuals needing to implement specific procedures to verify the accuracy of key data or comply with local regulations and their executive bylaws. Agreed-upon procedures engagements are a suitable option when traditional audit requirements are not applicable, ensuring confidence in the information provided through an accredited audit office.
We provide necessary support for companies wishing to transition from auditing offices in Riyadh local accounting standards to the full International Financial Reporting Standards (IFRS). This includes:
- Analyzing the current financial position.
- Preparing necessary plans.
Offering professional consulting from certified public accountants office to ensure compliance with IFRS requirements.
Why Choose External Auditing Services from Al-Hamly & Partners?
At Al-Hamly & Partners, we are one of the largest accounting firms in Saudi Arabia, with a highly experienced team of professionals in the field of external auditing. We are committed to delivering exceptional services to businesses of all types, including commercial, industrial, service companies, government institutions, and non-profit organizations.
We focus on examining internal control systems and providing comprehensive recommendations to identify strengths and weaknesses, such as addressing task duplication and improving organizational structure. Our reports from certified public accountants include practical recommendations to enhance operational efficiency within companies.
Our quality management system as an accounting and auditing firm is carefully designed to ensure the application of professional and regulatory standards at the highest level of accuracy, whether in auditing financial statements or other business engagements. This system ensures that client needs are met by skilled auditors while maintaining quality standards.
At Al-Hamly & Partners, we rely on a methodology based on risk analysis and understanding the operational processes of the entity, allowing us to prioritize risks and allocate auditing efforts according to the client’s business nature and size.
As an accounting firm, we are committed to adhering to international auditing standards, regularly updated by the Saudi Organization for Certified Public Accountants (SOCPA). This commitment reflects our delivery of high-quality, effective, and independent services that add value to our clients, balancing cost and efficiency while meeting deadlines.
Benefit from our expertise in external auditing services
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