Accounting and Auditing Services
External Audit Services
These are services performed by an independent external auditor to examine financial statements and accounting records, with the objective of providing an opinion on the fairness of the financial statements and accounts and their compliance with International Accounting Standards.
External auditing includes three branches:
Examination, which represents the highest level of assurance.
Review, which provides a moderate level of assurance.
Agreed-upon procedures, where the level of assurance varies depending on the type of service.
Internal Audit Services
Internal auditing is an independent and objective activity that provides assurance and consulting services with the aim of adding value to the organization and improving its operations. This activity helps the organization achieve its objectives by adopting a systematic and disciplined approach to evaluate and enhance the effectiveness of governance, risk management, and control processes.
Legal Audit Services
These are services intended to protect the company’s assets and funds, and to prevent embezzlement and fraud, by utilizing accounting and legal expertise to fully access, analyze, and audit the company’s data.
Internal Controls Services
In today’s evolving business environment, internal control services have become essential to ensure transparency and operational efficiency. At Al-Soor Certified Public Accountants, we provide integrated solutions to develop and implement internal control systems tailored to the nature of the organization and market requirements. Our work includes comprehensive assessments aimed at enhancing internal controls to minimize operational and financial risks.
Regulatory Compliance Services
In an increasingly complex business environment, regulatory compliance has become a strategic necessity imposed by local and international regulations and is considered one of the key standards of corporate trust and sound governance. Regulatory compliance refers to the extent to which companies and institutions adhere to the laws and regulations governing their activities.
This includes the following:
- Compliance with local laws and regulations such as the Companies Law, Labor Law, and Anti-Money Laundering Law.
- Following the regulations of supervisory authorities such as the Capital Markets Authority, Central Bank of Kuwait, Ministry of Finance, and Ministry of Commerce and industry.
- Implementing internal policies aligned with legal requirements.
Assurance Services
These are professional services aimed at examining and analyzing financial or non-financial information to provide an opinion on the extent to which a business entity complies with the requirements of regulatory bodies. These services contribute to enhancing transparency and improving internal control systems.
Agreed-Upon Procedures Services
These are review services and agreed-upon procedures performed on specific financial items, with a report issued by the certified public accountant detailing the results. The execution of these services must comply with International Standard on Related Services (ISRS) 4400.
What does the client benefit from this service?
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- Issuing reports on specific financial data that assists the client in making informed decisions.
- Providing reports on disputed financial items, helping parties reach an agreement.
- Assisting the client in verifying financial items where suspicions of embezzlement or theft exist.
- Issuing reports directed to specific authorities regarding items.