Wafeq Accounting Partners
Find Audit Support Firms in KSA and UAE — Wafeq
Bronze Partner
Aok Book - اي اوك بوك
We provide financial services to startups starting with bookkeeping to financial valuation.
Bronze Partner
Afaaq Al-Maarefah Company
An integrated system that connects accounting, marketing, and technology to provide you with clarity and tangible growth.
Verified Partner
المكتب الاستشاري للمحاسبة والضرائب اتش جي (HG - financial & tax consultants)
Our mission at HG - financial & tax consultants Office is to provide exceptional chartered accountant services, as well as reliable legal and financial consultations. With a commitment to excellence, we aim to assist our clients in navigating the complexities of accounting, taxes, and financial planning.
Verified Partner
RQMK
• We provide professional accounting services including bookkeeping and financial statement preparation, tax filings, e-invoicing, accounting system setup, and internal auditing. • Our team relies on specialized accountants to ensure accuracy and efficiency, enabling clients to make informed financial decisions that support sustainable growth.
Platinum Partner
Virtuzone
Virtuzone is the UAE’s first and largest company formation specialists and an award-winning corporate service provider. Established in 2009, Virtuzone has set up the companies of more than 80,000 entrepreneurs from 180 countries. With over 250 staff members speaking 40 languages, Virtuzone provides end-to-end company formation and corporate services, ranging from trade license and visa processing to bank account opening, tax consultancy, compliance, accounting, legal services, and more. Virtuzone—and its sister companies Taxready.ae, Next Generation Equity and MAKTABI—are now part of Ascentium, a Singapore-based global business services platform supporting over 20,000 active clients across 25 cities and nine markets in the Asia Pacific (APAC) region.
Platinum Partner
Pi Flow
At Pi Flow, you get a complete team manage to your accounting, from bookkeeping to financial reports generation and tax returns. We make sure we deliver accurate and on time books through accurate data entry and reporting for your SME.
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Audit Support for businesses in KSA and the UAE
An audit doesn't have to be stressful — but poor preparation makes it feel that way. In Saudi Arabia, statutory audits are required for joint stock companies, foreign-owned entities, and businesses above certain revenue thresholds. In the UAE, free zone companies must submit annual audited financial statements to their licensing authority, and the 9% corporate tax regime has increased scrutiny across all larger businesses.
Frequently asked questions
Who needs a statutory audit in Saudi Arabia?
Joint stock companies, foreign-owned entities with foreign shareholders, and businesses above specific revenue thresholds require statutory audits in Saudi Arabia. SOCPA-certified auditors must conduct these. Even businesses not legally required to audit often do so for banking, investor, or licensing purposes.
Why do UAE free zone companies need annual audits?
Most free zones require annual audited financial statements as a condition of licence renewal. The auditor must be UAE-registered. Missing the deadline risks licence suspension. Accounting firms in this directory handle this as a standard annual engagement — not an emergency each year.
What does good audit preparation look like?
Reconciling all balance sheet accounts, ensuring fixed assets are properly depreciated, confirming payroll records match expense accounts, verifying VAT ledgers align with filed returns, and preparing IFRS-compliant financial statements. Firms here manage the preparation process, not just the audit handover.
How does Wafeq help with audit readiness?
Wafeq maintains a full transaction trail — invoices, payments, journals, and bank reconciliations — structured for review. Accounting firms familiar with the platform extract audit-ready reports directly, cutting preparation time and cost significantly.
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