Transformation

 
– Transformation from cash basis to accrual basis accounting
Since government agencies are in the process of converting from the cash basis to the accrual basis of accounting, and based on the Royal Order that provides for the approval of the project of converting all government agencies from the application of the cash basis to the accrual basis of accounting, the project of converting to the accrual basis of accounting in accordance with international accounting standards in the public sector and building the financial position of the state comes in order to achieve one of the pillars of the Kingdom’s Vision 2030 concerned with improving the quality of financial accounts and enhancing transparency within the program to improve the government accounting system and auditing standards Accounting, we work with our clients to ensure that they switch from a cash basis to an accrual basis where our team is characterized by a group of qualified professionals with skills and full knowledge of systems.