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How many Entities deal in IFRS & IAS in Saudi?

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Question added by Muhammad Owais Anwar , Financial Auditor , Deloitte - Saudi Arabia
Date Posted: 2014/01/14
mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Saudi follows IAS and hence IFRS .When enforcement is there through Law, all entities are supposed to follow naturally the enforcement only.

I donot know whether they made exception for the entities complying with the Shariate.But in my  limited experience, Audit Reports certified the compliance with Shariate and IAS/IFRS together.

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