Audit & Assurance Services

Welcome to ALHUTHAIL, where excellence meets assurance in every facet of our audit and assurance services Our team of experienced professionals is dedicated to preserving the integrity of your financial information and ensuring transparency in your business practices.

Audit & Assurance Services

With a meticulous approach and sharp attention to detail, we go beyond mere compliance, providing valuable insights that drive strategic decision-making.

Whether you are an established enterprise or a budding startup, our customized audit solutions are designed to strengthen your financial foundation.

At ALHUTHAIL, we believe that trust is earned through expertise, precision, and a relentless pursuit of excellence.

Partner with us and embark on a journey towards financial confidence and accountability.

Your success is our top priority, and our audit and assurance services are the cornerstone of your financial prosperity.

External Audit Services
  • At ALHUTHAIL, we understand the importance of accuracy and trust in financial reporting. Our External Audit Services are designed to provide an independent and objective assessment of your organization's financial statements, giving stakeholders confidence in the reliability of the information presented. Our experienced auditors precisely review your financial records, internal controls, and compliance with relevant regulations to ensure that your financial statements accurately reflect your organization's financial position and performance.
  • With regulatory requirements constantly evolving, organizations are under increasing pressure to maintain transparency and accountability. Our External Audit Services not only fulfill statutory obligations but also add value to your business by identifying areas for improvement in internal controls, risk management, and financial reporting processes. We work closely with our clients to offer insights that can drive operational efficiencies, mitigate risks, and enhance financial governance, ultimately contributing to informed decision-making and sustainable growth.
  • DWe are committed to independence and professional skepticism in the conduct of our external audits. Our External Audit will be conducted in accordance with the International Standards on Auditing (ISAs) that are issued by the International Auditing and Assurance Standards Board (IAASB). We perform the external audit with independence and professional skepticizm.
  • Our External Audit will provide the company's stakeholders with a comprehensive, precise, and impartial depiction of its financial statements. This will allow the company to provide precise and transparent reporting to all of its stakeholders, which will yield long-term value.
  • Our team brings a wealth of expertise and insight to the external audit process. Beyond compliance, our auditors seek to understand the unique aspects of your business and industry, enabling us to tailor our audit approach to your specific needs. We emphasize open communication, transparency, and collaboration, ensuring that the audit process is conducted efficiently while providing opportunities for constructive dialogue and knowledge sharing. At ALHUTHAIL, we are committed to delivering high-quality audit services that instill confidence and support the long-term success of our clients.
  • Additionally, we promptly notify our clients of any updates in accounting and audit standards, allowing for assessment and discussion of their impact on our clients’ businesses.
  • ALHUTHAIL Comprehensive External Audit Services offer an independent assessment of your financial statements, providing stakeholders with confidence and valuable insights for decision-making.
  • Experienced Team: Our external auditors are highly qualified professionals, possessing deep industry knowledge and adhering to the highest ethical and professional standards.
  • Tailored Approach: We understand that every business is unique. We tailor our external audit approach to your specific needs and risk profile, ensuring a comprehensive and efficient review.
  • Beyond Compliance: We go beyond simply checking the boxes. We delve deeper to identify potential risks, internal control weaknesses, and opportunities for improvement.
  • Actionable Insights: Our client will receive a clear and concise management report with actionable recommendations to enhance your financial reporting, governance, and risk management practices.
  • Seamless Process: We strive to make the external audit process as smooth and efficient as possible, with dedicated project managers and clear communication throughout.

Partner with us for an external audit that provides not only compliance but also valuable insights and a roadmap for improvement.

Contact us today to learn how our External Audit Services can benefit your business

ALHUTHAIL's expert and trusted external audit service unlocks financial certainty for informed decisions and building trust with your Stakeholders

Review Historical Financial Statements

Besides the regular audit of financial statements, many organizations also require independent and unbiased assurance of their financial information, transactions, and processes. This helps enhance the credibility of their disclosures and reports, even when it is not legally mandated.

Comparable to an audit, a review is an impartial assessment of an entity’s financial statements. Nevertheless, a financial statement review conducted in accordance with the International Standard on Review Engagements (ISRE) 2400 (Revised), “Engagements to Review Historical Financial Statements” provides only limited assurance, as it offers a conclusion rather than an audit opinion.

An ISRE 2400 (Revised) review is an independent assessment conducted to provide limited assurance on an entity’s historical financial statements. Unlike an audit, which provides a higher level of assurance, a review involves inquiries and analytical procedures designed to identify potential material misstatements.

Why Choose ALHUTHAIL ISRE 2400 (Revised) Review Services?

Our team of experienced professionals possesses a deep understanding of ISRE 2400 (Revised) and extensive knowledge of various accounting frameworks. We will work closely with you to:

  • Gain a deeper understanding of your business and its specific needs.
  • Perform a thorough review of your financial statements, applying appropriate procedures.
  • Identify and communicate any potential issues or areas requiring further investigation.
  • Issue a clear and concise review report outlining our findings and conclusions.
  • Enhanced credibility and user confidence in your financial statements.
  • Identification of potential errors or inconsistencies before they become major issues.
  • Improved internal controls and risk management practices.
  • Fulfillment of regulatory or contractual requirements for a review engagement.

Contact us today to discuss your specific needs and learn how our ISRE 2400 (Revised) review services can add value to your business

Gain limited assurance on your historical financial statements with ALHUTHAIL ISRE 2400 (Revised) reviews services

Agreed-Upon Procedures (AUP) Services
  • Collaborative approach: We work hand-in-hand with your team, fostering open communication and building trust throughout the process.
  • Tailored to your needs: We perfectly define the scope of work and procedures, ensuring you get the precise information you need.
  • Independent and objective: Our certified professionals conduct reviews with complete neutrality, delivering unbiased findings and insights.
  • Enhanced transparency: We keep you informed throughout the process, providing regular updates and clear, concise reports.

When performing AUP engagements we comply with ISRS 4400 (Revised), “Agreed-Upon Procedures Engagements”. The ISRS 4400 (Revised) requires our compliance with the applicable requirements of the Code of Ethics for Professional Accountants issued by the IESBA. The ethical principles that apply to agreed-upon procedures engagements are the professional responsibilities for integrity, objectivity, professional competence and due care, confidentiality, professional behavior, and technical standards

Ready to gain clarity and address your specific concerns? Contact us today

ALHUTHAIL AUP services empower you to make informed decisions with confidence

  • Collaborative approach: We work hand-in-hand with your team, fostering open communication and building trust throughout the process.
  • Tailored to your needs: We perfectly define the scope of work and procedures, ensuring you get the precise information you need.
  • Independent and objective: Our certified professionals conduct reviews with complete neutrality, delivering unbiased findings and insights.
  • Enhanced transparency: We keep you informed throughout the process, providing regular updates and clear, concise reports.

When performing AUP engagements we comply with ISRS 4400 (Revised), “Agreed-Upon Procedures Engagements”. The ISRS 4400 (Revised) requires our compliance with the applicable requirements of the Code of Ethics for Professional Accountants issued by the IESBA. The ethical principles that apply to agreed-upon procedures engagements are the professional responsibilities for integrity, objectivity, professional competence and due care, confidentiality, professional behavior, and technical standards

Special Purpose Audit

At our firm, we understand the unique challenges you face when navigating specific reporting requirements outside of standard financial statement audits. That is why we offer comprehensive special purpose audit services tailored to your specific needs and conducted in strict accordance with International Standards on Auditing (ISAs).

As per SA 800, a special purpose framework is designed to meet the financial information needs of specific users, for example:

  • The cash receipts and disbursements basis of accounting for cash flow information that an entity may be requested to prepare for creditors;
  • The financial reporting provisions established by a regulator to meet the requirements of that regulator; or
  • The financial reporting provisions of a contract, such as a bond indenture, a loan agreement, or a project grant.
  • An audited cash flow statement to be submitted to potential investors.
  • Accounts receivable, allowance for doubtful accounts receivable, inventory, the liability for accrued benefits of a private pension plan, the recorded value of identified intangible assets, or the liability for ‘incurred but not reported’ claims in an insurance portfolio, including related notes.
  • A schedule of externally managed assets and income of a private pension plan, including related notes.
  • A schedule of net tangible assets, including related notes.
  • A schedule of disbursements in relation to a lease property, including explanatory notes.
  • A schedule of profit participation or employee bonuses, including explanatory notes.

Contact us today to discuss your specific needs and learn how our ISRE 2400 (Revised) review services can add value to your business

Gain limited assurance on your historical financial statements with ALHUTHAIL ISRE 2400 (Revised) reviews services

  • ISA 805 (revised): Audits of Single Financial Statements and Specific Elements: We offer focused audits on specific financial statement components, such as property, plant, and equipment valuations, inventory counts, or specific account balances, providing targeted assurance tailored to your unique needs.
  • ISA 800 (revised): Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks: Whether you require compliance with grant agreements, regulatory requirements, or contractual obligations, our team possesses the expertise to conduct audits adhering to specific financial reporting frameworks outside of the usual IFRS.
  • ISA 810 (revised): Engagements to Report on Summary Financial Statements: Need assurance on condensed financial statements or other condensed financial information? We can provide comfort and increased confidence to users through engagements designed specifically for such scenarios.
  • Experienced Professionals: Our dedicated team of professionals possesses extensive experience in conducting special purpose audits across various industries, ensuring a deep understanding of your specific requirements.
  • Enhanced Efficiency: We work collaboratively with you to define the scope and objectives of your engagement, maximizing efficiency and minimizing disruption to your operations.
  • Independent and Objective Assurance: Our commitment to independence and objectivity allows us to deliver reliable and unbiased reports, adding credibility and value to your financial information.

Contact us today to discuss your specific needs and how our special purpose audit services can help you achieve your unique reporting objec

Get tailored assurance for specific reporting needs with our ISA 800, 805 & 810 (revised) compliant special purpose audits.

Compilation Services

Navigating financial reporting requirements can be complex, even for small and medium-sized businesses. Our Compilation Services, performed under the International Standard on Related Services 4410 (Revised) “Compilation Engagement”, offer a cost-effective solution to enhance transparency and boost stakeholder confidence in your financial information.

Unlike a full audit, compilation engagements do not express an opinion on the accuracy or completeness of your financial statements. Instead, we assist you with the preparation and presentation of your information in accordance with an applicable financial reporting framework.

  • Increased Transparency: Provide clear and reliable financial information to stakeholders like investors, creditors, and lenders.
  • Cost-Effectiveness: Enjoy a budget-friendly alternative to a full audit while adhering to reporting requirements.
  • Enhanced Credibility: Demonstrate your commitment to transparency and good governance with a professional compilation report.
  • Peace of Mind: Gain confidence knowing your financial statements have been reviewed by experienced professionals.
  • Improved Efficiency: Streamline your financial reporting process with our dedicated team's expertise.
  • Experienced Professionals: Our team comprises highly qualified accountants with deep knowledge of ISRS 4410 (Revised) and relevant financial reporting frameworks.
  • Tailored Approach: We customize our services to your specific needs and industry, ensuring a comprehensive and relevant review.
  • Seamless Process: We work closely with you throughout the engagement, providing clear communication and timely updates.
  • Focus on Value: We go beyond compliance, offering insights and recommendations for improvement in your financial management practices.

Ready to elevate your financial reporting?

Contact us today to discover how our ISRS 4410 (Revised) “Compilation Services” can empower you to navigate financial reporting with confidence and transparency.

Elevate your financial reporting with ALHUTHAIL expert Compilation Services, ensuring accurate and compliant statements tailored to your business needs.