Islamic banking has witnessed significant growth and acceptance worldwide, with Saudi Arabia being at the forefront of this transformative movement. As the Kingdom's economy embraces Islamic principles, Chief Financial Officers (CFOs) must understand the implications of this shift in financial reporting and auditing practices. This article aims to shed light on the rise of Islamic banking, its future in Saudi Arabia, and the steps CFOs should take to adapt to this evolving landscape.
Transparency and accountability are crucial for building trust, fostering investor confidence, and ensuring the stability and integrity of financial systems. In Saudi Arabia, auditing is vital in promoting transparency and accountability across various sectors. This article explores the significance of auditing in Saudi Arabia, the key stakeholders involved, the regulatory framework, and the benefits it brings to the economy.
Digital currencies powered by blockchain technology have gained significant attention and adoption worldwide. In Saudi Arabia (KSA), the digital currency landscape is evolving, with increasing interest from individuals, businesses, and the government. This article explores the trends in digital currency, their adoption, their impact on the country, and the implications for taxation and financial reporting in Saudi Arabia.
Grant Thornton interviewed 5000 mid-market business leaders as part of the International Business Report, find out how respondents felt about the future and the global economic outlook
Our 2019 Women in business report: building a blueprint for action explores how to build momentum and drive change. Outlining practical steps to increase the number of women in senior management, across all job roles, industries and regions
IFRS News: your quarterly update on all things relating to International Financial Reporting Standards. BREXIT, IASB proposals, review of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers
IFRS 16 provides significant transition reliefs to make first time application simpler. The article provides insight on the various choices available and how they impact the balance sheet and income statement.
IFRS 15 covers Revenue from Contracts with Customers. This article looks at what it means for an asset to have ‘no alternative use’ when dealing with a contract for the sale of a single apartment contained within a multi-unit residential complex currently under construction.
Indirect taxation is not as easy as it seems, from pricing and reputational risks to the threat of systems overload and cash flow disruption. In this article we look at how to best manage the hidden complexities of indirect taxation.
As businesses come to terms with a skilled worker shortage. Are technology and mobility two options for businesses struggling to find talent?
A look at the commercial implications and interpretations of the new 2018 IFRS Standards issued and amendments made to existing IFRS standards
Find out how today’s leaders ensure that their businesses can anticipate and overcome cyber risk
An overview of IASB publication Definition of Material –Amendments to IAS 1 and IAS 8, regulators’ views on IFRS 9 and IFRS 15, reverse factoring and issues related to the discontinuance of LIBOR and other inter-bank offer rates
Financial technology and digital transformation, avoid making costly strategic errors and take advantage of digital opportunities, learn why a clear strategy is so important
Explore where CFOs are focusing on investments. The shift from the focus on day-to-day operational efficiency to strategy, analysis and growth prediction, and the adoption of new technologies
How to stay ahead with Indirect taxation as the trend of traditional goods and services models are being replaced with digital content; virtual consumption and seamless international trade flows
Infrastructure as a stimulant of a city's economic growth and attracts inward investment is well understood by city planners. In this report the importance of housing is addressed and how it can help a city retain talent.