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Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
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Marketing and Client Service
We offer strategy, client service, digital and insight solutions to businesses that are shaping the future across the Middle East.
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Forensic services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Transaction Advisory
Globalisation and company growth ambitions are driving an increase in transactions activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer-term strategic goals.
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Growth services
We have designed and developed growth services to support your business at each phase of its growth. So whether you are an SME that has just set up or a large business wishing to expand, at Grant Thornton we will help you unlock your potential for growth.
![Behind the Numbers: The Art of Audit in Saudi Arabian Companies](/globalassets/_markets_/sau/media/464x422-listing-article-images/behind-the-numbers.jpg)
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IFRS
At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting.
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
The objective of the Standard is to improve how information is communicated in an entity’s financial statements, particularly in the statement of profit or loss and in its notes to the financial statements.
Overall, the majority of changes made in IFRS 18 impact the statement of profit or loss and notes to the financial statements, but there are also limited changes to specificrequirements that are set out in IAS 7 ‘Statement of CashFlows’. Only minimal changes were made to the disclosures required for the statement presenting comprehensive income, the statement of changes in equity and the statement of financial position. While much has been carried forward from IAS 1, there are some key changes that reporting entities need to be aware of.
We share further insights in the PDF, which can be downloaded below.
On 9 April 2024 the International Accounting Standards Board (IASB) published a new standard, its first since 2017.