Saudi Arabia has secured the top position among G20 countries for the quality of its auditing and accounting practices, The ranking places the Kingdom ahead of all other major economies in the group.
At the global level, Saudi Arabia ranked ninth among the countries and economies covered by the index, which is published as part of the 2026 World Competitiveness Yearbook. The result marks a significant leap from the previous year, when the Kingdom stood at 22nd place globally in 2025.
The index measures the reliability and standard of financial reporting, auditing procedures, and accounting practices across economies. A strong showing reflects greater transparency, stronger corporate governance, and higher confidence in financial information produced within a country.
Why it matters
For residents, businesses, and investors across Riyadh, Jeddah, and beyond, improved auditing and accounting standards translate into a more trustworthy business environment. Reliable financial practices make it easier for companies to operate, attract investment, and plan with confidence.
The advance from 22nd to ninth within a single year signals steady progress in the Kingdom's financial and regulatory systems. Stronger accounting and auditing frameworks support the wider goals of economic diversification and a more competitive, transparent marketplace for both local and international players.
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