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Annual Audit Reports

Saudi-Bangla Business Solution is a trusted provider of Anual Audit Reports, dedicated to helping businesses in retail, hospitality, and service industries streamline their operations and achieve sustainable growth.

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How We Do

Annual Audit Reports

At SBBS, we specialize in delivering comprehensive Anual Audit Reports

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1

Client Engagement & Audit Planning

Sign engagement agreement outlining audit scope, timeline, and objectives. Collect company registration details, financial records, and VAT/TAX compliance documents. Define audit methodology as per Saudi Arabia’s SOCPA standards & IFRS. Create an annual audit plan with milestones.

2

Data Collection & Preparation

Gather financial statements (trial balance, general ledger, P&L, balance sheet, cash flow). Collect supporting documents: invoices, purchase bills, payroll, VAT returns, contracts, and bank statements. Review internal controls and accounting policies.

3

Risk Assessment & Internal Control Review

Identify potential risks in financial reporting. Assess internal controls over cash, inventory, receivables, and payables. Recommend improvements in processes if weaknesses are found.

4

Detailed Audit Testing

Perform substantive testing of transactions (sales, purchases, expenses, payroll). Verify accuracy of VAT/TAX records and compliance with ZATCA regulations. Match accounting entries with supporting documents (invoices, receipts, contracts). Conduct bank reconciliation & confirmation with third parties if needed.

5

Financial Statement Verification

Check compliance with SOCPA & IFRS reporting standards. Ensure correct valuation of assets, liabilities, and equity. Validate year-end adjustments, depreciation, and provisions. Confirm accuracy of consolidated reports (if multi-company).

6

Draft Audit Report Preparation

Prepare draft audit findings with identified discrepancies. Share observations with management for clarification. Conduct review meetings to discuss adjustments.

7

Submission & Compliance

Submit audited financials to: ZATCA (General Authority of Zakat & Tax) for VAT/Zakat filings. MOCI (Ministry of Commerce & Investment) if required. Banks, investors, or regulators as applicable. Ensure timely submission within regulatory deadlines.

8

Post-Audit Support & Continuous Monitoring

Offer assistance in case of government queries or inspections. Provide quarterly/half-yearly financial reviews. Support business growth with advisory on budgeting, forecasting, and cost control.

Why SBBS

A platform With global team

Your dependable guide to achieving freedom from manual accounting work and building that perfect workplace you have always aspired to build. Your dependable guide to achieving freedom.

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All-in-One Solution such as accounting, CRM, inventory, and project management, into a single, unified system.

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Your Businesses can avoid high licensing fees and pay only for the features they need, offering a budget-friendly option compared to traditional ERP systems.

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It's a suitable solution for startups, small and medium-sized enterprises (SMEs), and large organizations alike.

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It provides the freedom to modify the software and integrate third-party apps, tailoring it to specific industry and business requirements.

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It's features a modern, intuitive, and visually clean interface that is easy to navigate and learn, enhancing productivity and user adoption.

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Being a browser-based and mobile-friendly solution, Odoo allows for convenient access from anywhere in the world, supporting digitalization and remote work.

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Startups thrive with SBBS. Their flexible Point of Sales & Accounting solutions have been instrumental in our journey, providing the support

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