Audit and Assurance Services

Audit and Assurance Services

At Maham, we provide financial audit and assurance services in full compliance with SOCPA and ISQM standards, ensuring that every report reflects your financial reality and meets the expectations of regulators.
 We review your financial statements, identify operational and control gaps, and deliver detailed reports that support compliance and are suitable for submission to authorities and investors.

 Subservices include:

  • Financial Statement Audit
     A comprehensive assessment that reflects actual financial performance and is accepted by oversight bodies.

     
  • Financial Statement Review
     A limited-scope review used for internal or contractual purposes.

     
  • Agreed-Upon Procedures (AUP)
     Custom audit procedures carried out to fulfill legal or regulatory needs.

     
  • Financial Statement Preparation
     Complete preparation of financial statements in accordance with Saudi and international accounting standards.

     

Zakat and tax advisory services

 Zakat and Tax Advisory Services

At Maham, we  do not provide generic opinions — we deliver in-depth analysis based on the specifics of your business, aligned with the latest zakat and tax legislation, and offer practical solutions rooted in regulatory insight and real-world experience.

We review your zakat and tax files line by line, and we build advisory plans that improve compliance and reduce systemic risks.
 We also represent you professionally before the authority and appeal committees, with structured documentation and narratives based on facts and supporting evidence.

 Subservices include:

  • Zakat and Tax Position Review
     Comprehensive analysis of data and filings to identify strengths and weaknesses in compliance.

     
  • Legislation and Regulatory Impact Review
     Assessment of recent regulatory changes and how they affect your obligations.

     
  • Technical Advisory and Defense Memoranda
     Professionally drafted memos that support your position based on detailed regulatory criteria.

     
  • Evaluation of Financial Transactions
     Review of contracts and specific deals to understand their impact on the zakat and tax base.

     
  • Recommendations to Reduce Liabilities
     Structuring suggestions that improve compliance efficiency and reduce exposure to penalties.

     
  • Impact Analysis of Accounting Changes
     Assessing how policy changes or accounting errors affect zakat and tax assessments.

     
  • Representation before the Zakat Authority and Appeal Committees
     Official representation in front of the authority and relevant panels in accordance with local law.

     
  • Objection File Preparation
     Compiling required documents, technical responses, and legal justifications for formal objections.

     
  • Financial and Tax Restructuring Solutions
     Re-engineering your legal and operational structure to improve zakat positioning.

     
  • Advisory on Complex Zakat and tax Scenarios
     Specialized support for advanced interpretations and case-specific regulatory analysis.

Zakat and tax services/compliance services

Zakat and Tax Compliance Services

 we go beyond just filling forms. We provide a full-service approach to preparing zakat and tax returns, grounded in analytical review and aligned with regulatory requirements.
 We handle your compliance file from initial review to final submission, helping elevate your organization’s compliance level while minimizing the likelihood of remarks or penalties.
 We prepare and file all types of zakat and tax returns, paying attention to every detail and presenting your compliance position professionally to regulatory authorities.

 Subservices include:

  1. Annual Zakat Return Preparation
     Accurate filings based on your business activity and financial records in accordance with Saudi zakat regulations.

     
  2. Income Tax Return Preparation
     Support for foreign or mixed-ownership entities in calculating and submitting income tax returns with precision.

     
  3. VAT Return Preparation
     Monthly or quarterly returns prepared and submitted according to ZATCA requirements.

     
  4. Withholding Tax Return Preparation
     Calculation and submission of withholding tax on payments to non-residents on time.

     
  5. Electronic Submission and Acknowledgment Tracking
     Submitting returns via the official online portal, confirming receipt, and tracking processing status.

     
  6. Zakat and Tax Registration Updates
     Reviewing and updating registration data based on the latest regulatory changes.

     
  7. Issuance of Zakat and Tax Certificates
     Applying for zakat or VAT certificates and ensuring successful issuance.

     
  8. Release of Financial Guarantees
     Assisting in fulfilling requirements to release zakat or tax-related financial or bank guarantees.

     
  9. Refund Requests for Overpaid Amounts
     Submitting refund claims for excess payments and tracking the process until completion.

     
  10. Tax Deregistration Requests
     Managing deregistration processes for closed or liquidated entities in accordance with regulations.

     
  11. Ongoing File Management and Return Submission
     Providing continuous support to manage and submit all returns on time.

     
  12. Coordination with Internal Accountant or Finance Team
     Working closely with your internal team to ensure accuracy and process alignment.

     
  13. Periodic Compliance Reporting
     Generating reports that demonstrate your compliance level and aid in data-driven financial decision-making.

     
  14. Post-Submission Follow-up and Response Handling
     Managing any inquiries or remarks from authorities and responding professionally.

Liquidation of companies

 Corporate Liquidation Services

At "Maham", we handle corporate liquidation in accordance with the Saudi Companies Law, including voluntary liquidation based on a partners’ resolution. We manage the entire liquidation process and carry out all required procedures to legally dissolve the company and cancel its commercial registration.

We offer comprehensive services that include asset sales, debt settlements, regulatory deregistration, and legal representation—ensuring the company is fully and lawfully wound down.

 Scope of Liquidation Services:

  1. Asset Disposal:
    We supervise the sale of movable and immovable assets using the most appropriate methods (e.g., auctions or other sales channels) to maximize return on liquidation, with full documentation for each transaction.
  2. Debt Settlement:
    We manage the settlement of financial obligations based on legal priorities, ensuring that all liabilities to creditors and suppliers are resolved with no outstanding financial exposure.
  3. Legal Representation:
    We legally represent the company throughout the liquidation process under the authority granted to us as the appointed liquidator, whether before courts or in arbitration and settlement proceedings—safeguarding rights and minimizing disputes.
  4. Tax Deregistration & CR Cancellation:
    We complete all formalities with the Zakat, Tax and Customs Authority to close the company’s tax file and obtain the Tax Identification Number (TIN) Deactivation Certificate, which is then submitted to the Ministry of Commerce to finalize the commercial registration cancellation.

Risk Advisory Services

Maham Risk Advisory Services


We deliver comprehensive Risk Advisory through qualified, certified professionals to strengthen controls, enhance compliance, and optimize operational efficiency. Our structured approach ensures transparent risk assessment and actionable insights for robust governance.
 

Our integrated solutions include:

  • Customized support scaled to your needs: Full outsourcing, co-sourced partnerships, or department establishment—tailored to your current objectives, complexity, organizational maturity, and evolving compliance requirements.
     
  • Technology-powered methodology: Custom audit frameworks incorporating digital tools for comprehensive, accelerated audits that deliver timely, actionable intelligence for tactical and strategic decision-making.

 

  • Future-proofed excellence: IIA-standards-aligned execution monitoring, quality assessments, and governance reporting mechanisms tailored to your audit committee's strategic/compliance objectives—ensuring sustained capability through growth and staff transitions.

 

  • Cyber-integrated safeguards: Proactive operational/information technology/fraud risk assessments with automated control embedding to harness technology investments, plus tailored training and executing tasks with precision and focused efficiency toward organizational objectives.

Local expertise in global standards with a sensitive scope on what matters to the organization and its objectives.

Financial and Managerial Advisory Services

 Financial and Managerial Advisory Services

At “Maham” we don’t offer theoretical recommendations we analyze the actual state of your organization and design tailored organizational solutions that accelerate closing processes, enhance the quality of disclosures, and reduce operational gaps. We also prepare reports that meet compliance and audit requirements.

We support the development of a robust financial system that ensures sustainability, aligns with regulatory expectations, and strengthens your organization's readiness before relevant stakeholders.

Our services are designed to inform decision-making with clear, data-driven analysis, and to improve financial performance efficiency in alignment with the objectives of Vision 2030.

 Subservices in Detail:

  • Closing Process & Reporting Optimization:
    We restructure the accounting close and reporting cycles to enhance speed and quality while meeting regulatory and compliance standards.

 

  • Due Diligence Reviews:
    We conduct in-depth analysis of financial and contractual data to mitigate risks related to mergers and acquisitions.

 

  • Feasibility Studies:
    We develop robust and data-backed feasibility studies to support investment and financing decisions based on realistic financial and market indicators.

 

  • Design of Financial Policies & Procedures:
    We create operational policies that strengthen internal controls and ensure compliance with governance and audit requirements.

Bankruptcy work

Bankruptcy Estate Management Services

At “Maham” we act as Bankruptcy Trustees in accordance with the Saudi Bankruptcy Law and its Implementing Regulations, managing the process under full judicial supervision. Our responsibilities span from receiving creditor claims, to identifying and inventorying assets, assisting the debtor in preparing a financial reorganization proposal, and overseeing implementation until the procedure is concluded—with full commitment to documentation and disclosure at every stage.

 Scope of Bankruptcy Estate Services:

 

  • Creditor Rights Protection:
    We review and verify creditor claims, and submit a comprehensive claims list to the competent court, including the trustee’s recommendation for each claim to support fair judicial decisions.

 

  • Assisting the Debtor in Preparing a Financial Reorganization Plan:
    We supervise and support the debtor in drafting a reorganization plan that ensures fair treatment of all creditors and promotes financial recovery.

 

  • Asset Inventory and Liquidation Procedures:
    We conduct detailed inventory and valuation of all assets, submitting a verified asset list to the competent court. We then execute all required procedures to appraise and liquidate the assets in a way that maximizes returns for both the debtor and creditors.

 

  • Preparation of Legal Documentation:
    We assist the debtor in preparing all necessary documentation in accordance with the Bankruptcy Law and the Document and Information Regulations, ensuring timely and accurate submission to the relevant judicial authorities.

 

 

 

Forensic accounting services

Forensic Accounting Services

At "Maham", we conduct detailed examinations of financial data and records and prepare technical accounting reports submitted to judicial authorities. These reports provide clear financial context and support informed judicial decision-making.

Our services include dispute analysis, examination of documents submitted by involved parties, preparation of expert accounting reports, and providing clarifications to judicial bodies—all in compliance with applicable accounting standards and regulatory requirements.

 Subservices in Detail:

  • Financial and Accounting Dispute Analysis:
    We review records and documents to identify points of contention and assign financial responsibility with high professional accuracy.

 

  • Detection of Fraud or Financial Misconduct:
    We perform specialized examinations to detect indicators of fraud, analyze suspicious transactions, and document findings comprehensively.

 

  • Preparation of Court-Ready Accounting Reports:
    We prepare detailed reports in accordance with the accounting standards recognized in the Kingdom of Saudi Arabia, tailored for submission to courts.

 

  • Technical Support Before Judicial Authorities:
    We provide expert clarifications, explain complex accounting issues to the court, and respond to judicial inquiries with objectivity and professionalism.