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.
This publication provides a high-level summary of recent changes to IFRS that will affect companies' future financial reporting.
A lack of awareness is fuelling the surge in cyber crime but there are pragmatic steps that organisations can take.
This Special Edition of IFRS News explains the key features of the new Standard for revenue recognition and provides practical insights into its application and impact.
Competition for students in increasing, as traditional countries targeted for students grow their domestic capability and US HEIs ramp up their recruitment drive. Understanding the underlying factors driving students’ choices will help HEIs align their recruitment activities and attract the top students.
International student fees can significantly boost Higher Education Institutions’ (HEI) financial results. But competition is increasing for a piece of this lucrative market. Are you using the right techniques to capitalise on it?
The global IFRS team at Grant Thornton International Ltd has published consolidated example financial statements for the year ending 31 December 2016.
Practical insights and examples on IFRS 15 Revenue Recognition for companies in the real estate and construction industries.
More and more large businesses are investing in innovative mid-market companies as a shortcut to R&D. For investees, corporate venturing can offer a stable route to accelerated growth.
Introducing innovations such as artificial intelligence into your supply chain takes time and effort but it can help you leapfrog the competition
Welcome to the fifth edition of GrowthiQ, our digital publication that provides practical solutions to the challenges facing leaders of dynamic businesses.
The healthcare sector is still experimenting with using big data but, as Anne McGeorge the national managing partner of healthcare at Grant Thornton US shares, it already has plenty to teach us about the benefits and challenges of big data analytics.
Every city official knows that if you’re not running a global capital, you’re going to have to work twice as hard to attract business investment. Being a second or third city might seem to be a handicap but it forces you to innovate, which can only be a good thing.
Mid-market businesses should feel empowered to ask for better service from their bank, says the Swedish lender that is challenging established global players.
If you don’t want to deal with a communications crisis, make sure your corporate governance procedures are robust enough to prevent it in the first place
Predicting the future need not be a stab in the dark. There are plenty of practical steps businesses can take to prepare for the challenges ahead.