Special Purpose Audit / Compilation In Saudi Arabia
Special purpose audits and compilations in Saudi Arabia are customied reviews conducted to meet specific stakeholder, regulatory, or contractual requirements. Unlike general audits, these focus on defined areas such as grant compliance, revenue validation, or internal reporting. We support clients by coordinating with licensed auditors to ensure documentation is prepared and reviewed according to the intended scope.
Why Special Purpose Audit / Compilation Is Required In Saudi Arabia
Businesses often require targeted audits to satisfy investor mandates, regulatory filings, or internal governance needs. These reviews help validate specific financial data without the scope of a full statutory audit. MFD Services helps define the audit objective, prepare supporting documents, and liaise with certified professionals to ensure accurate and compliant execution.
When Is A Special Purpose Audit / Compilation Needed In Saudi Arabia?
These reviews are typically requested for:
- Grant or subsidy compliance reporting
- Revenue or cost validation for contracts
- Internal control or governance reviews
- Investor or board-specific reporting
- Regulatory submissions requiring limited assurance
- Financial compilations for non-audit entities
MFD helps assess the appropriate review type and coordinates with qualified experts.
What Are The Legal And Procedural Requirements For Special Purpose Audit In Saudi Arabia?
Special purpose audits must be conducted by licensed auditors using frameworks aligned with the review objective. Reports may be submitted to regulators, investors, or internal boards. MFD ensures that coordination aligns with Saudi accounting standards and international assurance guidelines.
What Documents Are Needed For Special Purpose Audit / Compilation In KSA?
To initiate a special purpose audit or compilation, businesses typically provide:
- Financial statements or targeted ledgers
- Contracts or agreements related to the review scope
- Internal policies and control matrices
- Supporting schedules and reconciliations
- Regulatory or investor reporting templates
- Company CR and license details
MFD assists in compiling and formatting these documents for review by certified auditors.
Special Purpose Audit Cost, Duration, And Process
Estimated Pricing Fees vary based on scope, complexity, and reporting requirements. Basic compilations may start from SAR 7,000, while targeted audits require tailored quotes.
Estimated Timeline Reviews typically take 2 to 4 weeks, depending on documentation readiness and stakeholder coordination.
How The Process Works We begin by confirming the audit objective and review scope. MFD coordinates with licensed auditors to conduct the review and issue a report aligned with stakeholder or regulatory expectations.
How Special Purpose Audit Supports Business Transparency In Saudi Arabia
These reviews help businesses:
- Validate specific financial data for stakeholders
- Meet targeted regulatory or investor requirements
- Strengthen internal governance and reporting accuracy
- Avoid full audit costs while maintaining assurance
- Build trust with partners and oversight bodies
MFD assists in compiling and formatting these documents for review by certified auditors.
What Challenges Do Companies Face With Special Purpose Audit In Saudi Arabia?
Common issues include:
- Unclear audit objectives or scope definitions
- Incomplete or misaligned documentation
- Lack of internal controls or supporting schedules
- Delays in stakeholder cooperation or approvals
- Misunderstanding of compilation vs. audit requirements
Contact Us
Book an Appointment with Us
Schedule a consultation with MFD Business Solutions today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
How Our Services Solves Special Purpose Audit Issues
MFD Services provides structured support for targeted audit coordination:
- Scope definition and documentation planning
- Liaison with licensed auditors and advisors
- Data formatting and reconciliation support
- Advisory on reporting frameworks and submission
- Post-review guidance and compliance alignment
Our role is to facilitate readiness and ensure smooth execution — not to conduct the audit directly.
Why Choose MFD For Special Purpose Audit In Saudi Arabia
MFD Services is trusted by finance teams, regulators, and business owners for special purpose audit coordination. We work with certified professionals to ensure that reviews are accurate, compliant, and aligned with stakeholder goals. Our support helps clients meet specific reporting needs with precision and confidence.
Meet Targeted Reporting Needs With Structured Audit Coordination
MFD Services helps businesses validate financial data for grants, contracts, and governance reviews. We define scope, prepare documentation, and liaise with licensed auditors — ensuring your reports are accurate, compliant, and aligned with stakeholder expectations.
FAQ's
It’s a targeted review of financial data for a specific objective, such as grant compliance or internal reporting.
Yes, compilations offer limited assurance and are suitable for non-statutory reporting.
Typically 2 to 4 weeks, depending on scope and documentation.
No, MFD coordinates with licensed auditors to ensure proper execution and compliance.