Who is the best accounting firm in Saudi Arabia?

Saudi Arabia is going through a financial transformation, pushed by the goals of Vision 2030. The Kingdom’s aim is to diversify its economy which has surged the demand for professional accounting and financial advisory services. Additionally, the introduction of VAT, Compliance requirements of ZATCA and international financial reporting standards (IFRS) also amplified the need for specialized financial professionals. As many renowned global firms and homegrown local leaders compete to stay aligned with the country’s evolving needs, one name that stands out because of its innovation, precision and budget friendly solutions is Sidra Salman & Co. Certified Public Accountants. SS&CO KSA is highly growing into an accounting powerhouse, blending global standards with in-depth local expertise.

In this article we will dive deep into what makes SS&CO KSA number 1 and best accounting firm in Riyadh and outshine their rivals in Saudi’s accounting industry while setting new standards for financial consulting and audit excellence across the Kingdom.

Who is SS&CO KSA?

SS&CO KSA is a Riyadh Based accounting and consulting Firm offering Audit, Tax, Advisory, ERP and Virtual CFO services. Founded in 2017, SS&CO has rapidly gained wide recognition because of its top-notch services, customer centric approach, ethical standards, technological solutions and professionalism that meet the standards of leading accounting firms in much lower rates.  The major goal of the firm was to offer thorough, tailored solutions for businesses of all scales. Some of SS&CO’s notable achievements include:

• Recognized as one of the premium advisory firms for SMEs and Startups in Riyadh
• Over 1000 satisfied clients with Zakat and tax services offered successfully
• Managed complex audits for international business and conglomerates
• Proficiently Implemented ERP systems for over 100 companies
• Offered Virtual CFO services across multiple industries
• Professionally trained 300+ professional in accounting and financial reporting

SS&CO has a team of expert professionals that offers a wide range of services across various sectors like manufacturing, retail, healthcare, real estate, fintech and hospitality. SS&CO also actively supports the aims of vision 2030 by promoting financial transparency, employing Saudi Talent, supporting entrepreneurship and facilitating digital transformation in finance. With the priority to build long term relationships SS&CO has been repeatedly chosen by its clients from around the KSA.

Services Offered by SS&CO

There is an extensive range of professional services offered by SS&CO to meet the needs of businesses in KSA, some of top services covered by SSCO include,

1.     Audit and Assurance Services

The SS&CO audit and assurance services helps the business in conducting statuary audits, internal audits, forensic investigations and IFRS implementation. They not just help to forecast risks to plan audits but also assure complete compliance. Their auditor carries out financial due diligence for deal making like merger and acquisition by using robust data analytics and automation tools to make sure of transparency and excellence.

2.     Taxation Services

SS&CO taxation services comprise of a full range of comprehensive tax solutions. Be it end-to-end VAT support, Zakat Compliance or smart tax planning SS&CO have tax experts who handle it all with full precision. Along with regional tax support, they also assist in international tax and withholding tax intricacies. Their team prepares for transfer pricing documentation and represents in front of tax authorities for tax audits and resolving of disputes to make sure that their clients are not just always compliant but also prepared for regularly shifting regulatory landscape.

3.     Advisory and Business Consulting

Advisory and business consulting services at SS&CO includes the services of entity formation, licensing of businesses, restructuring, feasibility studies, analysis of return on investment, risk management and M&A deal making. These services are crafted to assist clients elevate their operations, expand progressively and outshine their competitors in Saudi Market.

4.     CFO and Virtual CFO Services

The SS&CO virtual CFO services provide thoughtful financial planning, capital management, smart budgeting solutions, variance analysis and investor reporting. They also create KPI dashboards which help to align the teams according to the company’s goals. These services are for businesses of all sizes to gain executive level financial guidance without hiring a full-time internal CFO.

5.     ERP and Accounting Software Implementation

SS&CO team offer expert ERP and Accounting software implementation. The firms have worked with leading platforms like ZOHO, QuickBooks, Xero, SAP and Oracle to integrate customized ERP solution and keep them in line with tax authorities, to digitize financial process and to offer training to in house staff for long term support. These digital capabilities not just boost efficiency and accuracy but also help in decision making across business operations.

Why SS&CO KSA is number 1 Chartered Accountant in Saudi Arabia?

S&CO has been constantly praised by clients for its prompt responsiveness, familiarity with local and international laws, and dedicated support. Many businesses trust the firm to help them avoid tax penalties, legal hurdles and to optimize financial operations, which leads to operational and financial enhancement. Some of the major reasons why SS&CO is considered as number 1 accounting firm in Riyadh includes:

1.     Local Expertise with Global Standards

Many international firms offering services in the region provide best global support however SS&CO is an expert in both. With a profound understanding of local laws and international best practice combined help in adherence with not just ZATCA regulations but also IFRS and ISA implementation. The dual capability opens the door of opportunities for their clients to confidently operate in distinct business environment of Saudi Arabia.

2.     Technological Innovation

SS&CO utilizes the modern day reliable technological tools and software into its services, from cloud computing and digital audits to ERP and MIS dashboards execution. With this use of smart and automation tools, businesses stay ahead in financial and accounting services that traditionally lag in digitizing.

3.     Client-Centric Approach

Each business that SS&CO becomes a part of gain the benefit from their commitment in understanding the client’s businesses, their industry specific challenges and their financial goals. They become an extended part of the team and offer solutions that are long-term and value-driven, not just quick fixes.

4.     Cost-Effective, High-Quality Solutions

In comparison with the globally recognized firms, SS&CO KSA put forward services that are as premium as offered by big four but at a fraction of the cost. This makes them a preferred choice of local business, specifically SMEs and startups with limited budgets but demands skilled solutions.

5.     Rapid Growth and Market Recognition

In a very short span of time, SS&CO has gained popularity among its client from across Saudi Arabia and around GCC market. Their rapid growth reflects their high reputation, performance, and professionalism. Their forward-thinking approach, connection with regulators and clean audit records make them a trusted advisor in compliance-heavy sectors.

Comparison with the Big Four in Saudi Arabia

Despite of the fact that Big four (Deloitte, PwC, EY, KPMG) dominates globally, SS&CO KSA create a new era of local firms redefining the excellence in accounting industry. With innovation, competence and timely solutions SS&CO has become a brand that is both impressive and impactful. In comparison with the big four firms let’s see how SS&CO offers unique advantages.

• Local Market Focus: SS&CO offer local expertise while big four works according to global structures.
• Cost Structure: SS&CO provide affordable solutions while big four have expensive premium packages
• Client’s Engagement: SS&CO prioritizes clients by offering them hands-on support while big four have more structured and rigid solutions.
• Technology Use: SS&CO utilize cloud computing while big four use smart but less flexible tools.
• Turnaround Time: Fast delivery of services that is adoptable but big 4 has slower response due to large scale and process layers
• SME accessibility: SMES and startups can easily approach SS&CO while it’s nearly impossible for them to approach big four for their expensive services
• Custom made solutions: SS&CO offer personalized solutions crafted according to the needs of clients while big four have standard offerings

The SS&CO flexibility, responsiveness and budget friendliness makes it overshadow the big four which often just provide solutions for large enterprises or multinational companies with better budgets.

Get in touch!

If you are looking for a firm that combines local standards with global best practices, and facilitate with custom made solutions, SS&CO is undoubtedly number 1 chartered accountant in Saudi Arabia, for those looking for value, vision and results. Visit their website, book a free consultation and start your services today!