Company Liquidation
Inventory Counting
the Tawkid team will provide liquidation services to companies and institutions, whether liquidation is voluntary or judicial, through professional cadres who have experience and are qualified in the field of establishing and liquidating companies. TAWKID team will endall arrangements that are necessary of the accounting and law aspects that is represented in ending all transactions that are started before liquidation Without being associated with new business, inventorying the company’s assets and liabilities and collecting the company’s dues with third parties, selling the company’s assets and property in one transaction or in installments by practice or bidding as required in the interest of | the company and in a manner that achieves the highest benefit for the company.
Paying all debts and liabilities before others in according with the determined priorities in the law and documenting all liquidation actions and their results in regular special records, determining the rights of. the partners, and paying them to them, and submitting a detailed statement of account that includes all liquidation procedures and their results.
Evaluating investments
Inventory Counting
Tawkid has a team specialized in evaluating investments for the purposes of preparing financial statements, characterized by specialized professional expertise, and provides many advantages that are all in the service of our clients and in accordance with the International Financial Reporting Standards (IFRS). Those standards obligated companies to evaluate investments classified as financial instruments at fair value from Through profits or losses or through other comprehensive income to be included in the financial statements and for the purpose of showing all the assets and liabilities included in the financial statements at fair value, to enable stakeholders to determine the fair values of each component included in the financial statements and making the right investment decisions
The necessary consulting services
Inventory Counting
The Tawkid team will provide services for preparing policies, regulations, procedures manuals, systems, and internal documentary courses for institutions and companies necessary to help companies prepare for entering the stock markets. The TAWKID team includes cadres with a great deal of experience, responsibility, and specialization in The field of financial and administrative consulting, enabling clients to receive high-quality services and helping them to establish a strong and effective internal control and governance system that helps protect their assets adequately, reduces the risks of errors and fraud, achieves discipline in operational and financial operations, and contributes to compliance with applicable rules and regulations, and examples of policies And regulations, systems and internal documentary courses that We prepare
- Preparing operations manuals, financial and administrative policies and procedures.
- Organizational Chart
- Functional structure
- Charters of the Board of Directors and its committees
- Systems and mechanisms for evaluating the performance of the Board of Directors and executive management
- Matrix of financial and administrative delegation of powers
- Job description cards
- Salary and bonus structure
- Preparing human resources regulations and systems
- Salary and bonus structure
- Preparing human resources regulations and systems
- Preparing governance systems and guides and forming the necessary committees to meet the requirements of listing in the financial market
liquidation services
Inventory Counting
The Tawkid team will provide inventory and liquidation services for estates, as inheritance issues in the Kingdom of Saudi Arabia are among the most important issues that concern families and family entities, so the system of estate liquidation in Saudi law was in accordance with Islamic law and applied to its provisions, and since this type of service includes many details, so many prefer to seek the help of a legal accounting firm specialized and expert in the affairs of estate liquidation to complete the inventory and liquidation of estates, and other procedures that guarantee you justice and avoid the occurrence of disputes between the heirs, and the estates are distributed in accordance with the provisions of Islamic Sharia and Saudi law, and our main goal in that is to obtain The satisfaction and trust of our clients, and the process of liquidating estates is not limited to the heirs only, but extends to the release of mortgages or the payment of debts on the estate, and with the diversity of the estate itself into movables, accounts in banks, shares, companies, lands, etc., which requires the use of a legal accounting firm with extensive experience in this field.
Judicial Guard Services
Inventory Counting
The Tawkid team will provide judicial guard services, and Tawkid is considered one of the specialized companies that has won the confidence of its clients. We manage the organization and the works assigned to it as a judicial guard, and we prepare the necessary periodic reports and submit them to the competent authorities to find out the work that took place during the period.
Judicial Accounting Services and Commercial Arbitration Cases
Inventory Counting
The Tawkid team will provide services for preparing accounting expertise reports and commercial arbitration for judicial authorities, as some companies, general courts, and commercial courts require specialized expertise in this type of services, and Tawkid is considered one of the specialized companies that has won the confidence of its clients, as we study Cases and then prepare a report on the facts discovered in the commercial and financial disputes, which may need to reach results and facts that may have an important role in determining the rights and duties of the parties to the dispute.
Independent Fraud Examination
Inventory Counting
The Tawkid team will provide independent fraud examination services, as the Tawkid team has specialized professional expertise in fraud examinations for suspected violations of internal control systems.
The goal of fraud examination services is helping business entities in reviewing and the ensuring from the possibilities of fraud and breaking the policies and procedures in The business entity has one of the incumbents who exceeds the powers granted to him, causing damage to the business of the entity, as a result of deficiencies in the internal regulations of the business entities and weak internal control and governance.
Managing Risks and Preparing a Risk Register
Inventory Counting
One of the rules of governance is the development of well systems for risk management and internal control, and among the tools for applying this rule is monitoring and analyzing the risks arising from any transactions that take place between the company and a related party. Risk management in business entities has received increasing attention recently due to its impact on the stability of and the continuity of business entities. This interest has evolved into the establishment of specialized professional institutions concerned with issuing the theoretical framework for risk management, which includes international standards that work to unify understanding, implementation and reporting within a common framework within one country and at the level of countries around the world. The TAWKID team will provide services preparing a macro risk register for economic activity, identifying and evaluating collection of latent risks surrounding the different economic activities to the business entities that support the trust of all stakeholders in the business entity.
Restructuring institutions and companies
Inventory Counting
Tawkid has a team specialized in institutional and corporate restructuring services, which includes cadres with a great deal of experience, responsibility, and specialization in the field of corporate financial advisory. TAWKID also provides the best value for financial advisory services to ensure ethical business practices that lead to improving the value of our clients’ business. Successful restructuring is Represented in the financial restructuring and operational restructuring of any institution or company that must lead to a reorganization of the original form of business entities that was affected by the factors of general economic recession or mismanagement.
Inventory Counting
Inventory Counting
Tawkid has a team specialized in inventory counting services, whether using automated systems (barcode) and/or manually, although the responsibility for inventory counting is among the responsibilities of the organization management and under the supervision of the auditor, which is carried out at the end of each fiscal year However, sometimes business entities require the use of an independent party to independently verify the inventory value of the goods.
