Audit for non-profit organisations associations, foundations and endowments
We audit your financial statements so the board and donors can rely on them, and we set out restricted and unrestricted funds clearly.
The short answer
Entry Post is a licensed accounting and audit firm in Riyadh. It audits the financial statements of associations, foundations, endowments and non-profit companies in Saudi Arabia, with the partner on the file, and issues the independent auditor’s report in Arabic and English. The National Center for Non-Profit Sector provides a service for non-profit entities to submit their audited financial statements.
Reviewed by Noura Alderaan, SOCPA Fellow (No. 1379) ·
Official sources: National Center for Non-Profit Sector: submission of financial statements ↗Companies Law (Royal Decree M/132): Articles 18, 19 and 238 ↗
Who this is for
- Associations and foundations submitting annual statements.
- Endowments and family funds.
- Non-profit companies.
- Boards that want a clear report on funds and programmes.
Why you need an audit
- The National Center for Non-Profit Sector provides a service for non-profit entities to submit their audited financial statements.
- A non-profit company follows the Companies Law rules for the legal form it takes.
What usually worries you
The board and donors want a report they can rely on.
An independent auditor’s report that sets out restricted and unrestricted funds and programme costs.
The submission date for the financial statements is close.
We start right after the year-end close, and the written proposal sets the timetable.
Our finance team is small and unsure what is needed.
We send a list of the documents we need and work through it with your team step by step.
What the audit focuses on
- Donations and grants and how they are recognised.
- Restricted and unrestricted funds.
- Programme costs and administrative costs.
- Endowments and their investments.
- Controls over cash and collections.
How we work
- 1A call with the partnerWe learn your business, its size and why you need the audit.
- 2A written proposalScope, timetable and the documents we need, before we start.
- 3The audit workWe test balances and records and discuss findings with your team as they arise.
- 4The auditor’s reportAn independent auditor’s report in Arabic and English.
Independence first
We do not both audit your accounts and prepare your statements or keep your books. If the statements are not ready, your team or another firm prepares them and we audit them.
Financial statements preparationDocuments we need
- The trial balance and financial statements for the year
- Last year’s financial statements and auditor’s report
- Bank statements and reconciliations
- The fixed asset register
- Articles of association and commercial registration
Request an audit proposal
Answer four short questions and the partner will reply with the scope and timetable.
Frequently asked questions
Do you know non-profit reporting?
We audit under the standards endorsed in Saudi Arabia for non-profit entities, and the first call covers what applies to your organisation.
When should we start?
Right after the year-end close, so the report is issued before the submission date.
Is an audit mandatory for our company?
Under the Companies Law every company has a licensed auditor by default. A micro or small company is exempt when it meets two of three tests: annual revenue up to SAR 10 million, total assets up to SAR 10 million, and 49 employees or fewer. The exemption does not apply in cases the law lists, including where the articles require an auditor, or where the company owns or is a subsidiary of another company unless all of them are small. We check your case for you.
How long does the audit take?
Usually two to three weeks once the documents are complete. The written proposal sets the timetable for your size.
Do you prepare and audit the same financial statements?
No. Independence rules do not allow it. Your team or another firm prepares the statements and we audit them.
In which language is the report issued?
In Arabic and English.
Official sources
- National Center for Non-Profit Sector: submission of financial statements
- Companies Law (Royal Decree M/132): Articles 18, 19 and 238
General information based on the official sources listed. It is not professional advice for your company. Entry Post is a private professional firm, not a government body.