Best Accounting & Auditing Lawyers in Riyadh

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Younes & Associates
Riyadh, Saudi Arabia

Founded in 1987
10 people in their team
Arabic
English
French
HistoryEstablished in 1987 by distinguished legal minds, Mohammed Al Jarbou & Boutros Younes, our law firm has proudly navigated over three decades in the region's legal arena. The strength of their expertise has cemented our reputation as a dependable beacon for both corporate entities and...
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English
Al Bin Ali Law Firm offers comprehensive legal services to regional, local, and international businesses operating in Saudi Arabia. The firm's attorneys possess extensive education and experience in local laws and regulations, collaborating with foreign lawyers and global law firms to provide...
Kadasa Intellectual Property
Riyadh, Saudi Arabia

Founded in 1981
English
Kadasa Intellectual Property, established in 1978 by Saudi Attorney Nasser Ali Kadasa, is a premier legal consultancy firm specializing in intellectual property (IP) services in Saudi Arabia. With over 45 years of experience, the firm offers comprehensive solutions in patent filing, trademark...
Alkhieli & Associates
Riyadh, Saudi Arabia

Founded in 2011
English
Alkhieli & Associates, established in 2011, is a fully integrated law firm based in Riyadh, Saudi Arabia. The firm offers a comprehensive range of legal consulting and litigation services to enterprises and public bodies across various sectors. Their practice areas encompass litigation and...

Founded in 2013
English
Established in 2013 and headquartered in Al-Khobar, Saudi Arabia, Abdulaziz Bin Ali & Partners Law Firm is a premier full-service legal practice. The firm offers expert legal advice and consultation to a diverse clientele, including the Saudi government, government-owned entities, and local,...
AL Othman Law Firm Co
Riyadh, Saudi Arabia

Founded in 2016
81 people in their team
Arabic
English
Chinese
Al Othman Lawyers and Consultants is a leading company in the legal field in Saudi Arabia and the Middle East, founded in 2016 and headquartered in the Kingdom of Saudi Arabia. The company specializes in providing a wide range of legal services, including consulting, pleading and litigation,...
Riyadh, Saudi Arabia

Founded in 2001
English
BSA Ahmad Bin Hezeem & Associates LLC is a regional law firm with a significant presence in Saudi Arabia, operating from its Riyadh office. The firm offers comprehensive legal services, including corporate and commercial law, dispute resolution, and regulatory compliance. BSA's team in Riyadh...
Khalid Alnowaiser Law Firm & Partners

Khalid Alnowaiser Law Firm & Partners

15 minutes Free Consultation
Riyadh, Saudi Arabia

Founded in 1994
10 people in their team
Arabic
English
Khalid Alnowaiser Law Firm & Partners: Pioneering Legal Excellence in Saudi ArabiaEstablished in 1996 by Dr. Khalid Alnowaiser, our firm has rapidly evolved into a vanguard of legal innovation in Riyadh and Jeddah. At Khalid Alnowaiser Law Firm & Partners, we don't just practice law; we...
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About Accounting & Auditing Law in Riyadh, Saudi Arabia

In Riyadh, Saudi Arabia, Accounting & Auditing laws are a vital aspect of business structures. They're designed to ensure corporate accountability, ethical business practices, and financial transparency. The Ministry of Commerce supervises these laws, with adherence to the International Financial Reporting Standards (IFRS). Saudi Arabia has also recently introduced new tax laws, which greatly influence the accounting and auditing sectors.

Why You May Need a Lawyer

Legal advice becomes essential in various scenarios such as setting up a new business, restructuring an existing business, resolving tax disputes, dealing with insolvency issues, or ensuring compliance with local regulations. Also, a lawyer can provide reliable counsel during a business audit, assisting in transparency of your account records and ensuring your business is complying with the required Saudi Arabian accounting & auditing laws.

Local Laws Overview

Key aspects of local laws include regulations on Anti-Money Laundering (AML), Anti-Fraud measures, and compliance with the new Value Added Tax (VAT) laws. Businesses are also required to regularly maintain their financial bookkeeping and carry out audits yearly. Penalties are imposed for violations of these laws, which may include heavy fines, and in severe cases, imprisonment.

Frequently Asked Questions

1. Can I use foreign accounting standards in Saudi Arabia?

No, international accounting standards as well as those outlined by Saudi Arabia's Ministry of Commerce must be used.

2. What is the VAT rate in Saudi Arabia?

Starting July 1, 2020, Saudi Arabia increased its VAT rate from 5% to 15%.

3. How often must audits be conducted?

Most organizations are required to conduct audits annually.

4. Are digital records accepted for bookkeeping?

Yes, digital records are accepted, provided that they comply with the regulations set forth by the respective authorities.

5. Can a lawyer represent me during an audit?

Yes, you have the right to legal representation during audits.

Additional Resources

Key resources for accounting and auditing laws in the Kingdom include the Ministry of Commerce and the General Authority of Zakat and Tax. Both provide extensive resources and guides on financial regulations and tax laws in Saudi Arabia. Additionally, the Saudi Organization for Certified Public Accountants is a good point of reference for accounting professionals.

Next Steps

In case you require legal assistance in Accounting & Auditing, it's advisable to connect with a reputable law firm that specializes in business law. Ensure the firm has an in-depth understanding of local law and international relations concerning Accounting & Auditing. A thorough evaluation of your situation, coupled with expert advice, will provide accurate solutions to your legal queries.

Lawzana helps you find the best lawyers and law firms in Riyadh through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Accounting & Auditing, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Riyadh, Saudi Arabia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.