Accounting and Regulatory Services
External Audit Services
External audit services are performed by an independent auditor to examine financial statements and accounting records, with the aim of expressing an opinion on the fairness of the financial statements and accounts and their compliance with international accounting standards.
External auditing includes three main types:
1. Examination, The highest level of assurance.
2. Review, Provides a moderate level of assurance.
3. Agreed-upon procedures, Where the level of assurance varies depending on the type of service provided.
Internal Audit Services
Internal audit is an independent and objective activity that provides assurance and consulting services aimed at adding value to the organization and improving its operations. This activity helps the organization achieve its objectives through a systematic approach to evaluating and improving the effectiveness of governance, risk management, and control processes.
Legal Audit Services
These are services that protect the company’s assets & funds and prevent embezzlement and fraud by using accounting and legal expertise to fully access, analyze, and audit the company’s data.
Internal Controls Services
In light of the rapid transformations in the business world, internal control services have become a necessity to ensure transparency and operational efficiency. At Al Soor Certified Public Accountants Office, we provide integrated solutions to develop and implement internal control systems that are aligned with the nature of the organization and market requirements. Our work includes a comprehensive assessment aimed at improving internal controls to reduce operational and financial risks.
Regulatory Compliance Services
In an increasingly complex business environment, regulatory compliance has become a strategic necessity imposed by both local and international laws, and it is considered one of the key standards of institutional trust and good 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:
1. Compliance with local laws and regulations such as the Companies Law, Labor Law, and Anti- Money Laundering Law.
2. Following the instructions of regulatory authorities such as the Capital Markets Authority, Central Bank of Kuwait, Ministry of Finance, and Ministry of Commerce and Industry.
3. Implementing internal policies in line with legal requirements.
Assurance Services:
These are professional services aimed at examining and analyzing financial and non-financial information to provide an opinion on the extent of a business entity’s compliance with regulatory requirements. These services contribute to enhancing transparency and improving internal control systems.
Agreed-Upon Procedures Services:
Agreed-upon procedures services involve performing specific procedures on certain financial items, with the issuance of a report by the certified public accountant stating the findings. These services must be performed in accordance with the International Standard on Related Services (ISRS 4400).
What benefits does the client get from this service?
1. Issuing reports on specific financial data to help the client make informed decisions.
2. Providing reports on disputed financial items, helping parties reach an agreement.
3. Assisting the client in verifying financial items in cases of suspected embezzlement or theft.
4. Issuing reports addressed to specific parties regarding particular items.
