Best Accounting & Auditing Lawyers in Riyadh

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Younes & Associates

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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شركة ريان بن رده الثبيتي للمحاماة والإستشارات القانونية

شركة ريان بن رده الثبيتي للمحاماة والإستشارات القانونية

Riyadh, Saudi Arabia

English
A professional law firm offering expert legal services.
آل بن علي للمحاماة Al Bin Ali Law Firm

آل بن علي للمحاماة Al Bin Ali Law Firm

Riyadh, Saudi Arabia

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...
Law Firm of Mohammed Al Sharif

Law Firm of Mohammed Al Sharif

Riyadh, Saudi Arabia

Founded in 1978
English
The Law Firm of Mohamed Al-Sharif, based in Riyadh, Saudi Arabia, has been serving clients since 1978. The firm offers a comprehensive range of legal services, including mergers and acquisitions, company formation, litigation, corporate restructuring, labor and employment, intellectual property,...
شركة اتكاء للمحاماة والاستشارات القانونية

شركة اتكاء للمحاماة والاستشارات القانونية

Riyadh, Saudi Arabia

English
A professional law firm offering expert legal services.
MSY Law Firm

MSY Law Firm

Riyadh, Saudi Arabia

English
Muqrin Saad Alyabisi Law Firm (MSY Law Firm) is a prominent legal practice in the Kingdom of Saudi Arabia, offering comprehensive legal services to both public and private sectors, as well as individuals. The firm specializes in various legal disciplines, including company establishment, legal...
الحمدان والعامري للمحاماة والاستشارات القانونية

الحمدان والعامري للمحاماة والاستشارات القانونية

Riyadh, Saudi Arabia

English
Al-Hamdan & Al-Amri Law Firm is recognized for its comprehensive expertise in the legal domain, excelling in providing tailored legal services in Saudi Arabia. The firm boasts a team of seasoned attorneys whose knowledge spans a diverse range of legal areas, ensuring clients receive informed and...

Aljaafari & Albassam Law [JB Law]

Riyadh, Saudi Arabia

Founded in 2012
English
Aljaafari & Albassam Law Firm (JB Law), based in Al Khobar, Saudi Arabia, offers comprehensive legal services in litigation, arbitration, and advisory capacities. The firm specializes in commercial disputes, corporate matters, liquidation and bankruptcy, foreign investment, employment, and labor...
ALNAMI LAW FIRM

ALNAMI LAW FIRM

Riyadh, Saudi Arabia

Founded in 1994
English
Established in 1994 by brothers Khalil and Osama Al-Nami, ALNAMI LAW FIRM (NLF) is a distinguished legal practice based in Riyadh, Saudi Arabia. The firm has built a strong reputation for delivering comprehensive legal services across various sectors, including corporate and commercial law,...

BSA Law

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...
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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.