Service · IFRS & Compliance
IFRS & Compliance Support
Some IFRS work demands specialist hands — and the auditors who review your financial statements can't prepare these reports themselves. Signity fills that gap. We deliver the expert IFRS valuations and computations finance teams across Saudi Arabia rely on: accurate, well-documented, and ready for audit.
Why it matters
Why finance teams bring this work to a specialist
EOSB valuations, ECL models and lease accounting aren't routine calculations — they need the right methodology, current assumptions, and documentation an auditor will accept. Handled in-house without specialist input, they invite audit queries, last-minute delays, and provisioning that's over- or under-stated. A specialist report that's accurate and properly documented means a cleaner audit, fewer surprises, and numbers your management can rely on.
Why it matters
What we deliver
EOSB Actuarial Valuation
End of Service Benefits are a defined-benefit obligation under IAS 19 — they call for a proper actuarial valuation, not a simple accrual. We prepare EOSB valuations with sound assumptions for discount rate, salary growth and attrition, fully documented and ready for audit.
IFRS 9 — ECL Calculation
IFRS 9 requires expected credit losses to be recognised proactively — not only when a receivable goes bad. We build provision matrices and ECL models for trade receivables and other financial assets, blending historical data with forward-looking factors, and prepare the disclosures your financial statements need.
IFRS 16 — Lease Accounting
IFRS 16 brings most leases onto the balance sheet as a right-of-use asset and lease liability. We handle the calculations — discount rates, lease terms, modifications and remeasurements — and produce the schedules and journal entries your team and auditors can rely on.
IFRS 18 — Presentation of Financial Statements
IFRS 18 reshapes how the income statement is presented, with new defined categories and subtotals, effective from 2027. We help finance teams prepare early — assessing the impact and getting your presentation and disclosures ready before the deadline.
Other IFRS & Reporting Advisory
IFRS is broad, and not every reporting question fits neatly under one standard. For other IFRS standards, technical reporting positions, disclosure questions or one-off advisory needs, our team can help — tell us what you're dealing with and we'll guide you.
PROCESS
How it works
1
Tell us what you need
A quick WhatsApp message or call. We discuss the scope — the standard, the entity, the deadline — so we understand exactly what's required.
2
Quote and engagement letter
We share a clear, scope-based fee quote. Once you're happy, we sign an engagement letter — so scope, terms and deliverables are agreed in writing from the start.
3
Data review
You send us the data. We review and clean it first — flagging gaps or inconsistencies early, before they affect the report.
4
We prepare the report
Our team prepares the valuation, computation or report — applying the right methodology and assumptions, fully documented.
5
Draft review
We share a draft and walk you through it. Assumptions, questions and adjustments are discussed and agreed before anything is finalised — no surprises.
6
Final report delivered
The final report is signed and delivered, ready for your auditors.
Reports built to be accepted
When a report has to satisfy your auditors, the detail behind it matters.
Prepared by qualified specialists
Every report is prepared by the right qualified professional — EOSB actuarial valuations by qualified actuaries who are members of recognised actuarial institutions, and ECL, lease and other IFRS reports by professionally qualified Chartered and certified accountants.
Relied upon by auditors
Our reports are accepted and relied upon by auditors across Saudi Arabia, including Big 4 firms.
Two decades in the Saudi market
Two decades of experience here means our work reflects how IFRS is genuinely applied — and reviewed — in Saudi Arabia.
A proven track record
8 years, 100+ clients, 1,000+ reports delivered — a record finance teams trust.
Are your financial
statements on hold?
Tell us the standard, the entity and your deadline —
a quick WhatsApp message is all it takes to get started.
Finance & Accounts Advisory & Support · Saudi Arabia
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Office 90, 5th Floor, Alwane Centre, Juffair, Bahrain · Bahrain CR 121517-1