Preparation of Fixed Assets Register
Preparation of Fixed Assets Register
Tawkid has a specialized team that in inventorying fixed assets and preparing a record for it that contains the original cost, associated annual depreciation, and residual value, in which the value of fixed assets represents an intrinsic value for some business entities, such as service, real estate, and industrial establishments. This enables the management of the Organization to control and maintain fixed assets and achieve optimal use of them and prepare various types of reports. We also provide assistance to activate the electronic barcode system to facilitate annual inventory procedures
Design Costing Systems
Design Costing Systems
Tawkid has a team specialized in designing costs systems, which assists business entities in designing a system that measures direct and indirect costs for each service or product so that it helps the executive management in business entities to make important decisions regarding selling prices, profit margin percentage, direct or indirect costs, Establishing a costing system requires high skills in designing and implementing it within automated systems due to the complexities involved in it, with the aim of preparing consolidated reports on a monthly basis, which help in providing details and analyzes of balances with large and influential amounts.
Establishing institutions and companies and changing their formal form
Establishing institutions and companies and changing their formal form
Tawkid has a specialized team with extensive experience that extends for several years in establishing all types of institutions, companies and other legal persons in the Kingdom of Saudi Arabia, transferring its legal capacity from one entity to another, establishing branches and representative offices for foreign companies in the Kingdom, and finalizing merger, exit and acquisition procedures, including the implementation of a transaction Increasing and decreasing the capital of companies and institutions, amending articles of incorporation and articles of association for companies, supervising the necessary process for transferring ownership and liquidating various legal entities in the Kingdom.
Certification of forms in accordance with the regulations
Certification of forms in accordance with the regulations and certification of local content forms in accordance with requirements of the local content and government procurements Authority
The Tawkid team will review the forms required by certification, classification and mining agencies on local content forms in accordance with the requirements of the local content and government procurement Authority, ministries and various agencies within the kingdom of Saudi Arabia, and certify them in accordance with the standards issued by the Saudi organization for auditors and Accountants.
Prepare and Present Financial Statements
Prepare and Present Financial Statements
The Tawkid team will prepare and present the financial statements in accordance with the standard 4410 compilation Engagements. as many companies and institution need to prepare and present their financial statements in accordance with a specific framework such as international financial Reporting standards (IFRSS), whether in its full or small and medium versions (SMEs).
Capital Adjustment
Capital Adjustment
The Tawkid team will meet the needs of companies and business organizations within the capital in terms of adjusting the capital by increasing or decreasing, in which many reasons that call for companies and business organizations to do so. The Saudi companies’ law requires the appointment of a licensed auditor to issue reports related to the capital adjustment.
Preparing the Corporate Governance Systems
Preparing the Corporate Governance Systems
The Tawkid team will provide governance services for listed and unlisted companies in the financial market We have in Tawkid a team of specialists and experts in corporate governance practices and issues and they are fully aware of the requirements and regulations of local and international corporate governance, as the Tawkid team will prepare corporate governance guides such as Regulations of the Executive Committee, the Audit Committee, the Nominations and Remuneration Committee, the Regulations of the Safety and Sustainability Committee, and the Conflict of Interest Policy.
Financial Examination of due Diligence
Financial Examination of due Diligence
Tawkid has a team specialized in providing financial due diligence services, represented in a detailed financial assessment of the current financial position of the institutions and companies that are analyzed, including their ability to make profits In the near future, in the course of due diligence, various financial aspects of the business are evaluated, i.e. assets, liabilities, revenues, costs, debtors, creditors, loans, financial controls, planning system, integrity of management information, quality of reports and financial due diligence services are provided upon acquisition of a significant share of an entity. Business, merger between two entities, disposal of part of the assets, sale of an effective share of an entity, or the existence of disputes or disputes between partners and shareholders
Agreed Procedures Services
Agreed Procedures Services
The Tawkid team will issue the independent auditor report on the agreed procedures in accordance with standard 4400.
Agreed upon procedures services are tasks appointed by the independent auditor to issue a report according to procedures to be agreed upon with the client , and to submit a report on factual findings and the independent auditor must adhere to the requirements of the international standard for Related services No4400 , Agree upon Procedures regarding financial information.
Applications of International Financial Reporting Standards (IFRS, IPSAS)
Applications of International Financial Reporting Standards (IFRS, IPSAS)
The Tawkid team will provide complete transformation services for the application of International Public Sector Accounting Standards (IPSAS), and the transition to IFRS for government and private institutions and companies, as the International Financial Reporting Standards are witnessing successive developments, which magnifies the need to seek the help of the TAWKID team to help business entities with their applications.
