Services
Adel ALSheddi CPAs provides several integrated professional services that are compliant with the Kingdom's regulations, standards and professional principles including auditing, attestation, accounting, Zakat and Income Tax consultations, process development, performance review and verification, due diligence, internal controls, Entrepreneurship, , liquidation, and training..
Audit and Attestation
Through our auditing and attestation services, we apply our proven approach to review the client's financial statements and reach a reasonable assurance that the financial statements have been prepared according to the recognized professional standards and they fairly represent the financial position, work results and cash flows of the audited entity. During auditing exercise, we evaluate the client's local controls, report on evaluation results, provide proposed recommendations to enhance local control procedures and increase efficiency.
Our auditing and attestation practices through our advanced methodology take into account the best local and international practices in terms of auditing, planning and implementation. We adopt a dynamic approach that reflects the latest local and international developments in professional services to ensure the best quality performance. up
Zakat and Income Tax
Expansion of activities, diversifications of financing resources and entering in local and regional partnerships and mergers will highlight Zakat and Income Tax operations and their related consultations and necessitates reverting to professional opinion to satisfy the upnormal needs of customers.
Our Zakat and Income Tax services include provision of professional services to existing and potential entities in Saudi Arabia on all areas relating to the Kingdom's Zakat and Income Tax system, reviewing Zakat/Tax returns prepared by the client according to his audited financial statements to ensure sound implementation of the system, and following up the outstanding issues with the competent authorities.
We build on our consultants' long experience and profound knowledge in the local Zakat and Tax regime. We also provide our clients with the sound knowledge of Zakat/Tax computation instrumentalities based on the applicable regulations. up
Processes Development
In a rapidly changing world, we strive to have our clients benefit from continuous development in work methodologies by transferring the optimal global practices that comply with work environment in Saudi Arabia. Our services include development of financial and management systems, supervising their implementation and following up their continuous updating. We are also specialized in automating and computerizing traditional manual systems to ensure work efficiency. up
Performance Review and Verifications
Acquisitions, mergers and similar investment resolutions often require performance review and verification of historical events of the entity. This implies determination of specially designed work procedures aiming at reviewing the historical financial performance, accounting and management systems, local controls, tangible and intangible assets, human resources, strengths and weaknesses, opportunities and threats, future prospects and work plans. up
Internal control
Internal control is a critical system for entities to ensure protection and safeguarding of their assets and capabilities against damage, loss or misusage through designing a flexible and integrated control system to ensure implementation of the controls in line with the client's activities and business.
We build on our consultants' long experience in internal auditing works to design the proposed control system and examine it periodically to ensure efficiency. Our relevant services include interior control systems, financial control, authorities and responsibilities, segregation of duties, information system control. up
Accounting Services
Entities require some services relating to accounting system development through development and supervising financial transactions inputs, processing and outputs to achieve the required level of efficiency and increase the overall accounting system reliability. Accounting services include development and supervision of policies and accounting procedures manuals, designing charters of accounts, transferring knowledge to finance department staff with regards to posting, processing and reporting. Our works include also definition of electronic accounting system requirements, helping our clients to choose an optimal system and supervising implementation.
We make our best endeavors to upgrade the client's accounting system through knowledge transference to the finance department seniors with regard to the accounting processing of financial data without conflict with the provided professional services that may affect the auditor's independence. Our consultants also conduct continuous functional assessment to upgrade accounting system efficiency. up
Entrepreneurship
In line with the economical boom and steady growth of the business sector in the kingdom and unlimited support rendered to Small enterprises by the government, we are keen on providing primary professional services to such enterprises to avail of our experience to ensure success. Our services to such small enterprises include financial studies, work plans, cash management, competition management, differentiation between investment options, setting priorities and other services based on the project nature and size as well as the experience of the entity's' management. up
Liquidation
Winding up is a non-recurring event in the life of any entity. The liquidation process must be supervised by a certified accountant. Our consultants can supervise such process in a timely and accurate manner to protect rights of all relevant parties according to the relevant kingdom's regulations. We cooperate with a number of professional legal advisors to carry our some tasks as required by the liquidation process. up
Training and Development
Entities' needs are rapidly and continuously changing according to their changing works. To satisfy such needs, we provide our primary training and development services to develop our clients. We tailor-make training programs for accountants, auditors, administrators and users of financial and accounting information. Such programs address all needs of users whatever their professional level are.
Our training programs are conducted by experienced specialists in various fields, who provide their knowledge and experience through innovative and advanced techniques including hands-on practices, workshops and discussions. up
Other Professional Services
We understand the importance of providing our clients with integrated professional services that satisfy their needs. We capitalize on our staff experiences to provide wide range of professional services include:
- Audit and Attestation
- Zakat and Income Tax
- Processes Development
- Performance Review and Verifications
- Internal control
- Accounting Services
- Entrepreneurship
- Liquidation
- Training and Development
- Other Professional Services
Audit and Attestation
Through our auditing and attestation services, we apply our proven approach to review the client's financial statements and reach a reasonable assurance that the financial statements have been prepared according to the recognized professional standards and they fairly represent the financial position, work results and cash flows of the audited entity. During auditing exercise, we evaluate the client's local controls, report on evaluation results, provide proposed recommendations to enhance local control procedures and increase efficiency.
Our auditing and attestation practices through our advanced methodology take into account the best local and international practices in terms of auditing, planning and implementation. We adopt a dynamic approach that reflects the latest local and international developments in professional services to ensure the best quality performance. up
Zakat and Income Tax
Expansion of activities, diversifications of financing resources and entering in local and regional partnerships and mergers will highlight Zakat and Income Tax operations and their related consultations and necessitates reverting to professional opinion to satisfy the upnormal needs of customers.
Our Zakat and Income Tax services include provision of professional services to existing and potential entities in Saudi Arabia on all areas relating to the Kingdom's Zakat and Income Tax system, reviewing Zakat/Tax returns prepared by the client according to his audited financial statements to ensure sound implementation of the system, and following up the outstanding issues with the competent authorities.
We build on our consultants' long experience and profound knowledge in the local Zakat and Tax regime. We also provide our clients with the sound knowledge of Zakat/Tax computation instrumentalities based on the applicable regulations. up
Processes Development
In a rapidly changing world, we strive to have our clients benefit from continuous development in work methodologies by transferring the optimal global practices that comply with work environment in Saudi Arabia. Our services include development of financial and management systems, supervising their implementation and following up their continuous updating. We are also specialized in automating and computerizing traditional manual systems to ensure work efficiency. up
Performance Review and Verifications
Acquisitions, mergers and similar investment resolutions often require performance review and verification of historical events of the entity. This implies determination of specially designed work procedures aiming at reviewing the historical financial performance, accounting and management systems, local controls, tangible and intangible assets, human resources, strengths and weaknesses, opportunities and threats, future prospects and work plans. up
Internal control
Internal control is a critical system for entities to ensure protection and safeguarding of their assets and capabilities against damage, loss or misusage through designing a flexible and integrated control system to ensure implementation of the controls in line with the client's activities and business.
We build on our consultants' long experience in internal auditing works to design the proposed control system and examine it periodically to ensure efficiency. Our relevant services include interior control systems, financial control, authorities and responsibilities, segregation of duties, information system control. up
Accounting Services
Entities require some services relating to accounting system development through development and supervising financial transactions inputs, processing and outputs to achieve the required level of efficiency and increase the overall accounting system reliability. Accounting services include development and supervision of policies and accounting procedures manuals, designing charters of accounts, transferring knowledge to finance department staff with regards to posting, processing and reporting. Our works include also definition of electronic accounting system requirements, helping our clients to choose an optimal system and supervising implementation.
We make our best endeavors to upgrade the client's accounting system through knowledge transference to the finance department seniors with regard to the accounting processing of financial data without conflict with the provided professional services that may affect the auditor's independence. Our consultants also conduct continuous functional assessment to upgrade accounting system efficiency. up
Entrepreneurship
In line with the economical boom and steady growth of the business sector in the kingdom and unlimited support rendered to Small enterprises by the government, we are keen on providing primary professional services to such enterprises to avail of our experience to ensure success. Our services to such small enterprises include financial studies, work plans, cash management, competition management, differentiation between investment options, setting priorities and other services based on the project nature and size as well as the experience of the entity's' management. up
Liquidation
Winding up is a non-recurring event in the life of any entity. The liquidation process must be supervised by a certified accountant. Our consultants can supervise such process in a timely and accurate manner to protect rights of all relevant parties according to the relevant kingdom's regulations. We cooperate with a number of professional legal advisors to carry our some tasks as required by the liquidation process. up
Training and Development
Entities' needs are rapidly and continuously changing according to their changing works. To satisfy such needs, we provide our primary training and development services to develop our clients. We tailor-make training programs for accountants, auditors, administrators and users of financial and accounting information. Such programs address all needs of users whatever their professional level are.
Our training programs are conducted by experienced specialists in various fields, who provide their knowledge and experience through innovative and advanced techniques including hands-on practices, workshops and discussions. up
Other Professional Services
We understand the importance of providing our clients with integrated professional services that satisfy their needs. We capitalize on our staff experiences to provide wide range of professional services include:
- Valuations.
- Financial Analysis.
- Feasibility Studies.
- Business Plans Development.
- Budgeting.
- Financial Studies.
Local Spirit & International Standards