Audit and Assurance Services

✅Audit and Assurance Services

At Maham, we provide financial audit and assurance services in full compliance with SOCPA and ISQM standards, ensuring that every report reflects your financial reality and meets the expectations of regulators.
 We review your financial statements, identify operational and control gaps, and deliver detailed reports that support compliance and are suitable for submission to authorities and investors.

📌 Subservices include:

  • Financial Statement Audit
     A comprehensive assessment that reflects actual financial performance and is accepted by oversight bodies.

     
  • Financial Statement Review
     A limited-scope review used for internal or contractual purposes.

     
  • Agreed-Upon Procedures (AUP)
     Custom audit procedures carried out to fulfill legal or regulatory needs.

     
  • Financial Statement Preparation
     Complete preparation of financial statements in accordance with Saudi and international accounting standards.

     

Zakat and tax advisory services

✅ Zakat and Tax Advisory Services

At Maham, we don’t provide generic opinions — we deliver in-depth analysis based on the specifics of your business, aligned with the latest zakat legislation, and offer practical solutions rooted in regulatory insight and real-world experience.

We review your zakat and tax files line by line, and we build advisory plans that improve compliance and reduce systemic risks.
 We also represent you professionally before the authority and appeal committees, with structured documentation and narratives based on facts and supporting evidence.

📌 Subservices include:

  • Zakat and Tax Position Review
     Comprehensive analysis of data and filings to identify strengths and weaknesses in compliance.

     
  • Legislation and Regulatory Impact Review
     Assessment of recent regulatory changes and how they affect your obligations.

     
  • Technical Advisory and Defense Memoranda
     Professionally drafted memos that support your position based on detailed regulatory criteria.

     
  • Evaluation of Financial Transactions
     Review of contracts and specific deals to understand their impact on the zakat and tax base.

     
  • Recommendations to Reduce Liabilities
     Structuring suggestions that improve compliance efficiency and reduce exposure to penalties.

     
  • Impact Analysis of Accounting Changes
     Assessing how policy changes or accounting errors affect zakat assessments.

     
  • Representation before the Zakat Authority and Appeal Committees
     Official representation in front of the authority and relevant panels in accordance with local law.

     
  • Objection File Preparation
     Compiling required documents, technical responses, and legal justifications for formal objections.

     
  • Financial and Tax Restructuring Solutions
     Re-engineering your legal and operational structure to improve zakat positioning.

     
  • Advisory on Complex Zakat Scenarios
     Specialized support for advanced interpretations and case-specific regulatory analysis.

     

Zakat and tax services/compliance services

✅Zakat and Tax Compliance Services

 we go beyond just filling forms. We provide a full-service approach to preparing zakat and tax returns, grounded in analytical review and aligned with regulatory requirements.
 We handle your compliance file from initial review to final submission, helping elevate your organization’s compliance level while minimizing the likelihood of remarks or penalties.
 We prepare and file all types of zakat and tax returns, paying attention to every detail and presenting your compliance position professionally to regulatory authorities.

📌 Subservices include :

  1. Annual Zakat Return Preparation
     Accurate filings based on your business activity and financial records in accordance with Saudi zakat regulations.

     
  2. Income Tax Return Preparation
     Support for foreign or mixed-ownership entities in calculating and submitting income tax returns with precision.

     
  3. VAT Return Preparation
     Monthly or quarterly returns prepared and submitted according to ZATCA requirements.

     
  4. Withholding Tax Return Preparation
     Calculation and submission of deductions on payments to residents and non-residents on time.

     
  5. Electronic Submission and Acknowledgment Tracking
     Submitting returns via the official online portal, confirming receipt, and tracking processing status.

     
  6. Zakat and Tax Registration Updates
     Reviewing and updating registration data based on the latest regulatory changes.

     
  7. Issuance of Zakat and Tax Certificates
     Applying for zakat or VAT certificates and ensuring successful issuance.

     
  8. Release of Financial Guarantees
     Assisting in fulfilling requirements to release zakat or tax-related financial or bank guarantees.

     
  9. Refund Requests for Overpaid Amounts
     Submitting refund claims for excess payments and tracking the process until completion.

     
  10. Tax Deregistration Requests
     Managing deregistration processes for closed or liquidated entities in accordance with regulations.

     
  11. Ongoing File Management and Return Submission
     Providing continuous support to manage and submit all returns on time.

     
  12. Coordination with Internal Accountant or Finance Team
     Working closely with your internal team to ensure accuracy and process alignment.

     
  13. Periodic Compliance Reporting
     Generating reports that demonstrate your compliance level and aid in data-driven financial decision-making.

     
  14. Post-Submission Follow-up and Response Handling
     Managing any inquiries or remarks from authorities and responding professionally.

     

Liquidation of companies

✅ Company Liquidation Services


 At Maham, we handle liquidation services in accordance with the Saudi Companies Law, coordinating legal and financial procedures to ensure a smooth closure that respects all obligations.
 We provide end-to-end support, including debt settlement, asset sales, legal representation, and closure of official records — ensuring a compliant and hassle-free process.

📌 Our liquidation services include:

  1. Debt Settlement
     We manage the repayment of financial obligations according to legal priority, clearing dues with suppliers and creditors to ensure no residual liability.

     
  2. Asset Disposal
     We supervise the sale of movable and real assets through auctions or appropriate channels, ensuring full documentation of each transaction.

     
  3. Legal Representation
     We represent your company in all liquidation-related legal matters — including litigation, arbitration, and settlements — with a focus on protecting rights and limiting regulatory conflicts.

     
  4. Regulatory Closure
     We finalize deregistration with ZATCA by canceling the company's tax file and unique number, ensuring full legal and tax closure.

     

Internal Audit Services

✅ Internal Audit Services

At Maham, we conduct comprehensive internal audits to assess operations, evaluate risks, and strengthen compliance — all within a structured framework that enhances transparency and boosts performance efficiency.

We deliver reports that identify weaknesses and offer actionable recommendations to improve administrative clarity, strengthen internal control, and achieve effective governance. Our solutions reduce potential risks and support full regulatory compliance.

📌 Our Internal Audit Services include :

  1. Full Audit Outsourcing
     We manage the entire internal audit function independently, ensuring neutrality and adherence to best practices.

     
  2. Co-sourced Internal Audit
     We collaborate with your in-house team to deliver joint audits that enhance capabilities and add value.

     
  3. Establishing the Internal Audit Department
     We assist in building a full department — from charter development to policy and procedure design.

     
  4. Designing Audit Methodology
     We create a comprehensive framework covering scope, analytical tools, and annual plans.

     
  5. Reporting Support and Review
     We develop and review mechanisms for reporting to the audit committee and assess their governance alignment.

     
  6. Technical Support for Audit Systems
     We enhance your infrastructure with audit systems that support documentation and structured analysis.

     
  7. Ongoing Monitoring and Analysis
     We supervise audit execution and perform regular reviews of outcomes and insights.

     
  8. Internal Audit Quality Assessment
     We evaluate audit performance using objective indicators and specialized standards.

     
  9. Fraud Risk Assessment
     We conduct targeted reviews to detect fraud indicators and recommend preventive measures.

     
  10. Internal Audit Training
     We deliver tailored training workshops, blending theory and practice to elevate team competency.

     
     Maham’s internal audit services include full reviews, department setup, audit methodology design, fraud detection, quality assessment, and team training — enabling proactive governance and operational control.

 

Financial and Managerial Advisory Services

✅ Financial and Managerial Advisory Services

At Maham, we don’t offer generic advice. We analyze your organization’s actual financial state and design structured solutions that accelerate closing cycles, improve disclosure quality, and minimize reporting gaps. Our reports comply with audit and regulatory expectations.

We help build a robust financial system that supports sustainability, meets regulatory demands, and strengthens your readiness for stakeholders. Our advisory approach is built on clear analytics that enhance decision-making and align financial performance with Vision 2030 goals.

📌 Our key services include :

  1. Closing Process & Reporting Enhancement
     Restructuring financial close and reporting cycles for faster execution and higher-quality outputs aligned with compliance standards.

     
  2. Due Diligence for M&A
     Conducting thorough financial and contractual reviews to reduce risk in acquisition and merger decisions.

     
  3. Feasibility Studies
     Providing detailed studies to assess investment and funding opportunities, backed by solid data and analytics.

     
  4. Policy & Procedure Design
     Developing operational policies that enhance internal controls and ensure compliance with audit and governance standards.

     

Bankruptcy work

✅ Bankruptcy and Insolvency Services


 At Maham, we view bankruptcy as a structured legal path to restore financial balance and organize relationships with creditors.

We act as licensed bankruptcy trustees under the Saudi Bankruptcy Law. We manage the process under full judicial supervision, from claim collection to asset evaluation and financial reorganization, with strict adherence to documentation and disclosure at every stage.

📌 Our bankruptcy services include :

  1. Creditor Rights Protection
     We initiate bankruptcy procedures in compliance with the law, document creditor claims, and safeguard their legal interests under applicable regulations.

     
  2. Financial Reorganization Planning
     We prepare reorganization plans under court supervision and coordinate with stakeholders to agree on a sustainable financial schedule that enables gradual recovery.

     
  3. Asset Liquidation and Distribution
     We conduct detailed asset evaluations, supervise their sale, and ensure that proceeds are distributed according to payment priorities, with full documentation of each transaction.

     
  4. Judicial Documentation
     We prepare comprehensive legal files in response to court requirements, ensuring full compliance with bankruptcy regulations.

     
  5. Financial and Accounting Dispute Resolution
     Our expert advisors support the resolution of complex financial conflicts and deliver technically sound accounting reports that strengthen your legal position.

     
  6. Support During the Bankruptcy Process
     We provide continuous advisory support and prepare financial reports, including income statements, cash flow analysis, and required financial documentation, to assist both business owners and relevant stakeholders.

 

 

 

 

Forensic accounting services

✅ Forensic Accounting Services

At Maham, we conduct thorough reviews of financial records and prepare technically sound forensic accounting reports. These reports are presented in a neutral, well-documented format that supports judicial understanding of the financial context.

Our services cover dispute analysis, detection of financial irregularities, preparation of expert reports, and professional representation before judicial bodies—all in line with accepted accounting and regulatory standards.

📌Scope of Forensic Accounting Services :

  1. Financial and Accounting Dispute Analysis
     Reviewing records to identify points of contention and determine financial responsibilities with professional accuracy.

     
  2. Fraud or Misuse Detection
     Conducting specialized assessments to detect fraud indicators and analyze suspicious transactions with proper documentation.

     
  3. Preparation of Forensic Accounting Reports for Courts
     Producing detailed, court-accepted reports in a neutral and technically sound format that supports the client’s legal stance.

     
  4. Support Before Judicial Authorities
     Explaining complex financial issues to courts and responding to inquiries with professional and technical clarity.