The Saudi Capital Market Authority approved amendments to the Rules for Registering Auditors of Entities Subject to the Authority's Supervision on 29 September 2026, in a move aimed at strengthening the quality of audits across the entities it oversees. The amendments took effect from the date of publication.
Under the updated rules, registered accounting firms are required to improve the qualifications of their professional staff and to maintain an appropriate quality-management system for audit and review engagements. Firms must also follow professional standards when reviewing interim financial statements and when auditing annual financial statements.
The amendments strengthen oversight by requiring firms to cooperate with the Authority's inspections and to provide requested information, data, and documents. In addition, firms must expand the information included in their transparency reports, covering the firm profile, governance, leadership, quality-management system, responsible personnel, and the results of the firm's annual evaluation.
Why it matters
For investors, listed companies, and the wider business community, clearer audit standards support more reliable financial reporting and greater confidence in the capital market. Stronger quality-management requirements and expanded transparency reporting give stakeholders better visibility into how audit firms operate and how they are evaluated.
The changes apply directly to accounting firms registered to audit entities under the Authority's supervision. The relevant details are available through the Authority's regulatory announcements and rules register.
Stay updated with the latest news, events, sports updates, business insights, real estate and lifestyle stories on Saudi Living — the leading online platform for residents, expats, and visitors in Saudi Arabia.
Follow Saudi Living for daily updates:
- Instagram - @saudiliving
- X - @saudiliving
- Facebook - @saudiliving
- YouTube - @saudiliving
Up Next
Saudi Economy Grows 4.5% in 2025, 5% in Q4
Saudi Arabia's real GDP grew 4.5% in 2025 with 5.0% growth in the fourth quarter, driven by broad economic activity across the Kingdom.
Sep 30,2026
Meshraf Almajdiah Phase 1 Sells Out in Madinah
Almajdiah has sold out Phase 1 of its Meshraf residential project in Madinah, with 304 units and sales topping SAR 231 million to non-Saudi investors.
Sep 30,2026
New Chairman for Local Content, Procurement Authority
A royal order names Prince Abdulaziz bin Salman as chairman of the Local Content and Government Procurement Authority, replacing Bandar Al-Khorayef.
Sep 30,2026
New Customs Rules on Prohibited and Restricted Goods
Cabinet approves regulatory measures on prohibited, restricted, and special-category goods. Learn declaration rules, limits, and fines for travelers and importers.
Sep 30,2026Related Stories
Don't Miss Similar Listings
Be the first to know when new stories on this topic are published.
