Governance & Internal Audit

An internal auditor on the chart is not an internal audit function. Four questions answered by evidence — independence, risk-based planning, working papers and closure of findings — and the weaknesses that surface quickly. ... Read more

A practical guide to the family charter after the Saudi Companies Law (M/132): what Article 11 changed, where each clause belongs in the articles of association or bylaws, and the financial clauses that actually ignite disputes: share valuation, dividend policy, partners' current accounts and family dealings with the company. ... Read more

The new Saudi Companies Law no longer requires every joint stock company to have an audit committee. This guide explains what is mandatory and what is guidance, when an unlisted company needs one in practice, and how to form the committee and build an internal audit unit under the Ministry of Commerce and CMA regulations. ... Read more

A practical guide to related-party transactions and conflicts of interest under the Saudi Companies Law (M/132): duties of care and loyalty, the three prohibitions, the JSC disclosure procedure, board delegation limits, and the file that holds up before the auditor and the court. ... Read more