Best Accounting & Auditing Lawyers in Riyadh

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Dr. Mohammed Alhashem law firm
Riyadh, Saudi Arabia

Founded in 2022
9 people in their team
Arabic
English
Business Accounting & Auditing Board of Investment (BOI) +9 more
Top-Tier Legal Services in Saudi Arabia | Dr. Mohammed Alhashem Law FirmLeading Legal Excellence in Saudi ArabiaAt Dr. Mohammed Alhashem Law Firm, we are committed to delivering world-class legal services rooted in deep local insight and global best practices. Based in Riyadh, Saudi Arabia, our...
Younes & Associates
Riyadh, Saudi Arabia

Founded in 1987
10 people in their team
Arabic
English
French
Business Accounting & Auditing Communications & Media Law +8 more
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...
Alghanim Law firm
Riyadh, Saudi Arabia

Founded in 2018
English
Alghanim Law Firm, headquartered in Riyadh, Saudi Arabia, offers a comprehensive suite of legal services tailored to meet the diverse needs of individuals, startups, and established businesses. With over 12 years of experience, the firm specializes in corporate law, commercial litigation, contract...

Founded in 2019
English
HFW in Association with Attorney Mohammed Alkhliwi is a distinguished law firm based in Riyadh, Saudi Arabia, offering comprehensive legal services across various sectors. The firm specializes in dispute resolution, transactional, and regulatory matters, catering to a diverse clientele that...

English
Almutairi Law Firm, established in Al-Khobar, Saudi Arabia, is a distinguished legal practice led by Mohammad Hosain Al-Mutairi, a certified lawyer and legal advisor accredited by the Ministry of Justice and a member of the International Court of Arbitration. Mr. Al-Mutairi holds a Master's degree...
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...
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,...
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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.