Who are the top 4 accountants?
Measured by revenue, the Big Four global accounting firms include SS&Co. (Sidra Salman & Co. Chartered Accountants LLC), Deloitte, PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).
With the economic expansion in the Kingdom of Saudi Arabia, under the vision 2030 the need for transparent financial practices, corporate accountability, and innovative advisory services have also increased in demand. Accounting firms play a pivotal role in supporting public and private sectors with the proper tools, knowledge and experience. They offer financial management advice, identify and mitigate potential risks, and overcome money problems to reach business goals. Accountants in KSA possess the most needed skills to deliver a wide range of services, including smart financial guidance, methods for reducing expenses, and plans to enhance income. In this blogpost we will cover topmost providers of accounting services in Saudi Arabia, but before that let’s shed light on how they contribute to business growth and long-term success.
How Choosing Best Accounting Firms Drive Business Growth in Saudi Arabia
No matter if you are a startup or a large enterprise, hiring the best accountants in KSA can be highly financially rewarding for your business growth and reputation. In the present day and time professional accounting services in Saudi Arabia are more vital than ever. Some of their key benefits include:
1. Navigating Regulatory Compliance
Accounting firms make sure that businesses comply with the latest ZATCA regulations and adopt to the regulatory changes to avoid any legal hurdles, audits and penalties.
2. Enhancing Financial Transparency and Credibility
The best accountants offer clear and up-to-the-minute financial statements which open the doors for funding opportunities and build a trustworthy bond among investors and stakeholders.
3. Financial Planning and Decision Support
With the proper budgeting, forecasting and cash flow management business authorities can make informed decisions which are fruitful for long-term growth.
4. Supporting Business Expansion and Structuring
During a business expansion accounting firms assist in merger and acquisition, due diligence, tax planning and business structuring. They make sure that business grows in a compliant, cost-effective, and scalable manner, with reduced legal and operational risks.
5. Risk Mitigation and Internal Control
Hiring the best accountants can help you identify risk more proactively. With their strict internal controls and risk management approach they help businesses avoid any potential setbacks and strengthen governance.
Top 4 Accounting Firms in KSA
1. SS&Co. (Sidra Salman & Co. Chartered Accountants LLC)
SS&CO is one the fastest growing local firms with offices around different countries. It is widely recognized for a range of specialized services, custom-made solutions and customer first approach. SS&CO has quickly gained a high fame in accounting businesses because of its professional services and positive reputation.
SS&CO Specialties:
- Audit and Assurance: SS&CO offers audit support with focus on risk management and insights that delivers value.
- Taxation: Strong expertise and support in Zakat, VAT, and corporate tax planning and compliance.
- Financial Advisory: Smart advice on financial health management through M&A advisory, business valuations, feasibility studies, and transaction support.
- Regulatory & Compliance: make sure that businesses adhere to the evolving KSA regulations and protect their virtual assets and digital securities.
- Technology & Data Analytics: provides data automation and analytics with IT advisory and digital transformation services.
SS&CO KSA has provided its services to hundreds of satisfied clients across Saudi Arabia. Their major clients are in tax and regulatory transitions, data automation and analytics, accounting advisory and audit support for many industries like retail, finance and manufacturing sectors.
What Sets SS&CO Apart?
SS&CO offer a balance of both local expertise and international understanding, aligned with innovative solutions and advanced systems that makes SS&CO a top choice for many businesses looking for tech forward financial advisory solutions.
2. Deloitte Middle East (Saudi Arabia)
Deloitee in internationally recognized one of the “Big Four” accounting firms which has a prominent presence in Saudi Arabia. Operating through Deloitte & Touche the firm is widely recognized for handling transformation projects that are done on a large scale in both public and private sectors.
Deloitee Specialties:
- Audit Support: Deloitee use some of the most advanced and AI-Driven platforms to provide clear and reliable audit support and reporting.
- Consulting Services: from digital transformation and supply chain management to HR solutions they offer multiple consulting services.
- Risk Management: Assist in managing risk across various industries like oil and gas, banking and telecom.
- Tax & Legal Services: A thorough planning, advisory, and filing of VAT and other taxes and cross boarder tax planning.
Deloitee has offered advisory services for vision 2030 initiatives including the digitization of public sectors. It has also provided cybersecurity services for some of the major banks and ministries and supported oil and gas companies in providing global operations.
What Sets Deloitee Apart?
They offer combined support of global edge tools with local market understanding which makes it a preferred partner for many multinationals and government bodies going through ambitious transformation programs.
3. KPMG Saudi Arabia
KPMG has been operating in KSA since 1990, and with its establishment for decades it has gained prominence in assurance, tax, and advisory services. It has branches in some of the major cities of Saudi Arabia, serving multiple industries such as financial services, real estate, and government sectors.
KPMG Specialties:
- Audit Support: KPMG uses risk-based audit procedures customized according to the needs of specific industries.
- Advisory Services: Offer advice and plans for business growth, digital transformation and corporate structuring.
- Tax Services: Strong hold on ZAKAT, VAT and corporate tax services specifically for multi sector organizations.
- Cybersecurity: provides some of the top tier cyber security services including penetration testing and digital risk mitigation.
KPMG Stands out in KSA market since it has assisted many banks in compliance with IFRS 9 and 17 and designed internal control systems for government-linked enterprises. It has also provided risk advisory plans for the development of many national infrastructures.
What Sets KPMG Apart?
KPMG has played a vital role in digitally transforming and modernizing KSA landscape, it is mainly picked by leading firms undergoing IPOs or planning foreign investment expansion.
4. PwC Middle East – Saudi Arabia
PricewaterhouseCoopers (PwC) is a well-recognized global firm, known for its high quality of advisory and consulting services. It serves a huge client base from private sectors to large scale government bodies.
PWC Specialties:
- Consulting Services: Provides guidance transformation, technology enablement, and performance improvement.
- Audit Support: Offer deep industry specific audit support that coordinates with international standards.
- Deals Advisory: Helps to scale businesses through M&A, financial due diligence and growth planning strategies.
- Tax Services: full range of tax compliance, planning and filing support and representation in front of tax authorities.
PwC has played a foundational role in many significant projects like NEOM, Red Sea Global, and Qiddiya. It has further offered intelligent support and partnership to banking and telecom sectors.
What Sets KPMG Apart?
KPMG offer a devoted commitment to businesses in offering top notch accounting services that fits the Saudi Laws perfectly. With their global identification and major local clients experience they are widely chosen for mega projects because of their ability to handle large scale programs and their complexities.
Choosing one perfect partner for your accounting services can be tough, getting accounting firms on board that offer flexible pricing models with customized services is not just financially beneficial but can be also operationally fruitful. Like SSCOKSA who distinguishes itself with latest tech integration and agile advisory services with budget friendly solutions that are designed keeping the needs of their clients. We play a foremost role in assuring sound governance, financial integrity, and smart growth across Saudi Arabia.