The Authority Issues an Update to the Guidance Guide for Preparing Independent Auditor Reports
الهيئة تصدر تحديثاً على الدليل الاسترشادي لإعداد تقارير المراجع المستقل
The Saudi Organization for Chartered and Professional Accountants has issued an update to its guidance guide, which contains illustrative examples for various types of independent auditor reports prepared in accordance with the International Standards on Auditing and Review adopted in Saudi Arabia. Key changes include amendments to align with the new Companies Law, revision of the phrase "summary of significant accounting policies" to "material information about accounting policies" in line with effective accounting standard updates, and a requirement that auditor reports state that the auditor communicates to those charged with governance any actions taken to eliminate threats to independence or safeguards applied, in accordance with the Code.
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