Insights on Saudi Accounting & Regulation

Assessing the Internal Audit Function: How to Know Whether Yours Actually Works

Almousa & Altamimi16 September 2026

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

Supporting an Expense Before the Auditor and ZATCA: What Is Accepted and When an Invoice Is Not Enough

Almousa & Altamimi16 September 2026

An invoice alone does not prove an expense. The full documentary chain from purchase order to proof of payment, the cases where an invoice is not enough, and the documentation mistakes that cost you in an examination. ... Read more

Cash Basis versus Accrual Accounting in Saudi Arabia: Why Cash Books Do Not Produce Acceptable Financial Statements

Almousa & Altamimi16 September 2026

The cash book ties entries to money movements, while statutory financial statements are prepared on the accrual basis under Article 17 of the Companies Law. What you lose in profitability, receivables and liabilities, and how to transition. ... Read more

دليل الدائن في نظام الإفلاس: المطالبة والتصويت وترتيب الديون

The Creditor’s Guide to the Saudi Bankruptcy Law: When to Take the Initiative, How to File Your Claim within 90 Days, How to Vote, and Where You Rank in the Distribution

Almousa & Altamimi16 September 2026

A practical guide for creditors: when to apply to open a liquidation procedure and on what conditions, how to file a claim within 90 days and what gets it accepted first time, the voting majorities on a proposal, the ranking of debts in distribution, and the routes of objection. ... Read more