Audit & Assurance Services
Audit is a critical process that provides an independent and objective examination of an organization’s financial statements, controls, and operations. It is conducted by external auditors who are not employees of the company being audited. The primary goal is to ensure the accuracy and reliability of financial information, enhance transparency, and install confidence among stakeholders, including investors, creditors, and regulatory bodies.
Financial Statement Verification
Auditors carefully review the financial statements to verify their accuracy and compliance with accounting standards.
Internal Controls Examination
Auditors assess the effectiveness of internal controls in place to prevent errors and fraud, this evaluation includes the organization’s systems for financial reporting and operational processes.
Compliance with Regulations
Auditors assess whether the organization adheres to relevant laws, regulations, and accounting principles.
Communication with Stakeholders
Auditors communicate their findings and opinions to stakeholders through the audit report, this report provides an independent and professional perspective on the fairness of the financial statements.
Risk Assessment
Auditors identify and evaluate risks that may impact the organization’s financial health and reporting.
SOCPA
SOCPA plays a pivotal role in regulating the accounting and auditing profession in Saudi Arabia. Established to enhance the quality and integrity of financial reporting, SOCPA sets standards, issues guidelines, and oversees the certification of accountants and auditors.
How can we support your Business?
Insight is licensed by SOCPA to provide Audit and Accounting services, and we are proud to have certain competencies that will help us to gain your trust:
1. In-Depth Understanding of the Business Environment
2. Relevance to Laws, Regulations and the Accounting Standards
3. Expertise in Accounting