IFRS

International Financial Reporting Standards (IFRS) are in place to ensure that domestic and international businesses strictly adhere to globally recognized accounting standards. This helps facilitate financial transparency and comparability in a globalized economy. All Saudi Arabian companies that are listed on the Capital Market Authority (CMA) or the Alternative Investment Market (AIM) are required to produce their year-end consolidated and interim financial statements by IFRS.

Hanz provides in-depth support to organizations in meeting these international standards and trains and advises the employees and management on the requirements. We help companies prepare financial statements compliant with IFRS requirements, verify the accuracy and compliance of financial statements with IFRS standards, offer training programs and workshops to educate finance teams and executives on IFRS standards and their implications and provide guidance on complex IFRS-related issues.