Special Purpose Audit / Compilation In Saudi Arabia
Special purpose audits and compilations are often required for regulatory filings, investor reporting, or internal governance in Saudi Arabia. These engagements focus on specific financial elements, transactions, or periods, rather than full-scope statutory audits. MHK coordinates with licensed audit firms to support clients in preparing targeted reports that meet regulatory and stakeholder expectations.
Why Special Purpose Audit / Compilation Is Essential In Saudi Arabia
Targeted audit or compilation reports are often requested by regulators, investors, or internal boards to validate specific financial data. These may include revenue certifications, expense breakdowns, or asset valuations. Incomplete or non-standard reporting can lead to compliance delays or investor concerns. MHK helps define scope, organize documentation, and liaise with licensed professionals to ensure accurate and compliant execution.
Who Needs Special Purpose Audit / Compilation In Saudi Arabia
Special purpose audit or compilation support is relevant for:
- Companies preparing for ZATCA or GAZT filings
- Businesses undergoing internal restructuring or valuation
- Entities seeking investor funding or board approvals
- Firms with specific reporting obligations under CMA or SAMA
- Joint ventures or subsidiaries requiring segment-level reporting
- Organizations with non-standard financial periods or transactions
MHK helps assess reporting needs and coordinate advisory support.
What Are The Legal And Procedural Requirements For Special Purpose Audit In Saudi Arabia?
Special purpose audits are governed by Saudi financial regulations and international assurance standards. Depending on the engagement type, reports may be submitted to ZATCA, CMA, or internal stakeholders. MHK ensures that coordination aligns with regulatory expectations and professional audit protocols.
What Documents Are Needed For Special Purpose Audit / Compilation In KSA?
To initiate a special purpose audit or compilation, businesses typically provide:
- Trial balances and general ledgers
- Source documents for targeted transactions
- Contracts, invoices, and payment records
- Tax filings and regulatory correspondence
- Board resolutions or investor mandates
- Company CR and license details
MHK assists in compiling and formatting these documents for review by licensed audit professionals.
Special Purpose Audit Cost, Duration, And Process Estimated Pricing
Fees vary based on scope, complexity, and reporting requirements. Basic compilation reports may start from SAR 10,000, while specialized audit engagements require tailored quotes.
Estimated Timeline Special purpose audits typically take 2 to 4 weeks, depending on documentation readiness and stakeholder coordination.
How The Process Works We begin by confirming the reporting objective and scope. MHK coordinates with licensed auditors to define procedures, compile relevant data, and prepare reports that meet regulatory or stakeholder expectations.
How Special Purpose Audit Supports Financial Governance In Saudi Arabia
Special purpose engagements help businesses:
- Validate specific financial data for regulatory or investor use
- Meet targeted reporting obligations under Saudi law
- Facilitate internal decision-making and board approvals
- Strengthen transparency and financial control
- Align with international assurance standards
MHK ensures that audit coordination supports compliant, purpose-driven financial reporting.
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Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
What Challenges Do Companies Face With Special Purpose Audit In Saudi Arabia?
Common issues include:
- Incomplete or disorganized financial records
- Lack of clarity on reporting scope or objective
- Delays in stakeholder approvals or documentation
- Errors in transaction classification or valuation
- Misalignment with regulatory or investor expectations
How We Solve Special Purpose Audit Issues
MHK provides structured support for audit readiness:
- Scope definition and documentation planning
- Liaison with licensed auditors and assurance professionals
- Data formatting and reporting structure alignment
- Advisory on disclosures, valuations, and compliance
- Post-reporting support and stakeholder coordination
Our role is to facilitate readiness and ensure smooth execution — not to certify or audit statements directly.
Why Choose MHK For Special Purpose Audit / Compilation In Saudi Arabia
MHK is trusted by finance teams, boards, and investors for audit coordination. We work with licensed professionals to ensure that reports are accurate, compliant, and aligned with strategic objectives. Our support helps clients meet regulatory and stakeholder expectations with confidence.
Prepare Targeted Financial Reports With Confidence
MHK helps businesses execute special purpose audits and compilations through structured coordination with licensed professionals. From scope definition to final reporting, we ensure your financial data meets Saudi regulatory standards and stakeholder requirements — without compromising accuracy or control.
FAQ's
It’s a targeted financial review required for specific regulatory, investor, or internal reporting needs.
Yes, depending on the reporting objective and stakeholder requirements.
Typically 2 to 4 weeks, depending on scope and documentation.
No, MHK coordinates with licensed professionals to ensure proper execution and compliance.