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Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from IAS 1 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.

Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRS Accounting Standards in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance. This edition provides guidance on some of the basic issues encountered in accounting for cryptocurrencies, focusing on the accounting for the holder.

In 2023, the International Sustainability Standards Board (ISSB) issued its first two international IFRS Sustainability Disclosure Standards (IFRS SDS), IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.

Revenue recognition is fundamental in all businesses, and it is important that it is recognised in a consistent and comparable way across industries and capital markets.

In today’s dynamic economic environment, accurately valuing businesses and assets has become more critical and more complex than ever. Within the Kingdom of Saudi Arabia, rapid economic transformation, increased M&A activity, evolving regulation, and global market fluctuations are redefining traditional valuation benchmarks. Volatility, whether triggered by shifts in oil prices, regional developments, or broader geopolitical risks, requires a more thoughtful and adaptable approach to ensure that fair value remains both reliable and defensible.

The government of the United States of America (US) has announced a series of changes in their economic and policy priorities. These include changes to import tariffs targeting major trading partners and the suspension of foreign development assistance.

The International Accounting Standards Board (IASB) has introduced IFRS 19, a standard designed to simplify financial reporting for subsidiaries that do not have public accountability. The standard, which becomes effective for reporting periods beginning on or after 1 January 2027, with early adoption permitted, represents a significant step forward in reducing the reporting burden while maintaining consistency with full IFRS.

Saudi Arabia’s healthcare sector is changing faster than ever. With Vision 2030 as the driving force, the Kingdom is moving toward a more digital, integrated, and private-sector-led healthcare system. This shift is not just about technology or investment; it’s about reshaping how care is delivered, how outcomes are measured, and how patients interact with the system.

Family businesses form the backbone of Saudi Arabia’s private economy, with Jeddah home to some of the Kingdom’s most established and diversified family enterprises. These companies are increasingly seeking external investment to fund growth, diversify portfolios, or prepare for public listings. In this environment, the role of a credible audit extends well beyond regulatory compliance. It becomes a key enabler of investor trust, demonstrating transparency, stability, and governance maturity.

Across today’s capital markets, from Riyadh to London, confidence in audit remains a critical foundation of effective governance and long-term value creation. Yet the growing gap between what stakeholders expect from audit and what is typically delivered has created a tension point that boards and executive teams can no longer ignore.

The audit profession in the Kingdom of Saudi Arabia is entering a new era of transformation. Shaped by evolving regulations, technological innovation, and shifting stakeholder priorities, assurance is no longer confined to historical compliance. Instead, it has become a strategic function that supports transparency, strengthens governance, and builds investor confidence. As the Kingdom advances its economic diversification goals under Vision 2030, the relevance and resilience of the audit function are more crucial than ever.

The International Monetary Fund’s (IMF) April 2025 World Economic Outlook (WEO) has provided updated inflationary assessments impacting financial reporting under IFRS. Based on this latest guidance, certain countries continue to be classified as hyperinflationary as at 30 June 2025, which triggers the application of IAS 29: Financial Reporting in Hyperinflationary Economies.

Artificial Intelligence is no longer a future concept in Saudi Arabia. It is a present-day force that is actively shaping the country’s economy, society and government.

Saudi Arabia is rapidly emerging as a powerhouse in the global startup ecosystem, fostering innovation and entrepreneurship to build the next generation of billion-dollar companies. With a strategic vision, robust economic reforms, and increasing investment in technology and infrastructure, the Kingdom is positioning itself as a leading hub for startups aspiring to scale into unicorns.

As Saudi Arabia continues its economic transformation under Vision 2030, the tax landscape is evolving rapidly. The Kingdom has recently implemented significant tax reforms including incentives and Regional Programs to diversify its revenue sources and create a business-friendly environment. In 2025, businesses operating in Saudi Arabia must stay informed about the key tax regulations to ensure compliance, manage liabilities effectively, and seize potential opportunities. This article explores the critical tax considerations businesses need to navigate this year's Saudi market.

This year’s report calls for a decisive shift in approach, aligning with the International Women’s Day 2025 theme: "Accelerate Action." We can no longer afford to wait. The missed opportunities for businesses, economies, and the next generation of female leaders are too great. To remain competitive in a rapidly evolving business landscape, mid-market firms must take bold steps now—setting ambitious diversity targets, embedding gender equality into their strategic agendas, and fostering environments where women can thrive at all levels of leadership.