Document background
A Financial Review Engagement Agreement is a crucial document used when a company requires professional financial review services from a qualified accounting firm in Saudi Arabia. This agreement establishes the framework for the review engagement, detailing the scope of services, methodologies, and deliverables while ensuring compliance with SOCPA regulations and Saudi Arabian law. It's typically used when a company needs a level of financial statement assurance that's less extensive than an audit but more comprehensive than a compilation. The agreement addresses key aspects such as professional standards, confidentiality requirements, risk management, and service delivery terms, while incorporating specific Saudi Arabian regulatory requirements and business practices. It serves as the primary contract governing the professional relationship between the accounting firm and its client throughout the review engagement.
