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.
Vibrant cities attract people to live, work or invest in them. So what should you be focusing on if you're a city planner
Understanding the shifting cyber landscape and mitigate against future attacks
A look at IASB’s Discussion Paper on Financial Instruments with Characteristics of Equity. The likely outcome of Argentina being declared hyperinflationary
Exploring the accounting issues that arise for miners and validators in mining and maintaining the blockchain in accordance with existing IFRS
What’s the best way to maximise potential gains from advances in technology and digital transformation, including robotics, artificial intelligence and the cloud
Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton
Common causes of boardroom strife, how to avoid it and what to do when it does happen
The leasing standard IFRS 16 Leases, issued by the IASB covers the core principle of standard that lessees should recognise all leases on their balance sheet
The 2018 edition of the annual Grant Thornton global transfer pricing guide provides invaluable information to help you steer through the global roll-out of the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan
This edition looks at the revised Conceptual Framework for Financial Reporting. IASB publications: Amendments to IAS 19 and Proposed amendments to IAS 8. ESMA’s report on what European accounting enforcers have been doing in 2018 and EFRAG Discussion Paper on Equity Instruments – Impairment and Recycling
We look into BEPS Action 13 on Transfer Pricing Documentation and Country-by-Country Reporting
Grant Thornton is pleased to launch our annual Women in business 2018 report beyond policy to progress, which includes practical steps business leaders can consider to drive change and increase gender diversity in business
This edition looks at the potential effect of the recent US tax reforms on IFRS preparers with operations in America. IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers. Amendments the IASB has recently made to its Standards. A summary of recently issued Standards and a list of IASB publications that are out for comment.
Tips to overcome talent shortages. A rise in business optimism means more organisations are on the lookout for talent, but with demand outstripping supply, where does it leave SMEs
In the push to become transparent, businesses are disclosing vast swathes of information about themselves – yet many are becoming more opaque as a result.
Many challenges lie ahead for any established, traditional HEIs that are resistant to change. Yet new ways to connect with students and employers around the globe will also present opportunities.