Global Thinking Local Presence

AUDIT | CONSULTING | FINANCIAL ADVISORY | ZAKAT & TAX

AWAJI.

Section Page

About Us 1

About Alliott Group International 2

Our Services 3 – 6

Global Presence 7

Our Audit Approach 8 - 10

Our Team 11 - 19

Risk Management & Quality Control 20

Contact Us 21

ABOUT US

Awaji Certified Public Accountant is a medium size professional services firm founded in 2013 in Riyadh, capital city of Kingdom of Saudi Arabia, with a vision to grow internationally and work as a first class professional services firm that provides distinguished quality to its clients. Our expertise encompasses audit & assurance, consulting, financial advisory, legal, and Zakat & tax.

We pride ourselves on being able to offer fresh perspectives and practical advice to clients, delivering the ideas and solutions in the most efficient, effective and timely manner. We would like to highlight the following key features that make us unique in our ability to serve our Clients:

• A hands-on, partner-led relationship, emphasizing responsiveness, accessibility and extra-mile client service values.

• A team with deep expertise in the Financial Services Sector who are ready to hit the ground running. • A collaborative, consultative, year-round approach to resolving accounting and Zakat and tax issues. • A service team that delivers efficient service and assumes a responsibility for identifying creative, value-added

business strategies. In late 2016, Awaji Certified Public Accountant have succeeded to join Alliott Group International, an international alliance of independent accounting, law and consulting firms.

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ABOUT ALLIOTT GROUP INTERNATIONAL

Established in the UK in 1979, Alliott Group (“ AGI”) was one of the first international associations of independent accounting firms (at the time referred to as "networks").

Our founding members recognized that the business of their mid-market and privately held company clients was fast becoming more international with supply and demand for many of their clients' products and services no longer being just local. Alliott group adds value to our firm by reducing the risks for clients involved in international/multimarket business through access to 170+ carefully selected expert accounting and law member firms in 70+ countries. The alliance assures that the clients will receive levels of personal service that cannot be matched by the big international mega firms and charge-out rates that will be highly competitive.

For more information regarding AG International, please visit website: www.alliottgroup.net

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OUR SERVICES

Audit & Assurance

We provide auditing services to a wide range of companies, business organizations and to public authorities in accordance with the most recent international and local standards. The professional excellence we bring to our engagements, both in the quality of our people and our audit approach is a hallmark of our firm. Our approach starts with the right attention at the top: an emphasis on integrity and doing the right thing.

Audit & Assurance

Consulting

Financial Advisory

Zakat & Tax

Our firm’s leaders have made it clear that we will determine the position of the firm with respect to matters of professional practice and accounting and auditing standards, based on what we believe is the right answer, regardless of whether it is the popular answer.

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OUR SERVICES

Consulting In addition to financial audits, we also provide consulting services which include: Financial investigations in accordance with due diligence procedures for transactions

involving mergers, acquisitions, joint ventures or partnerships understandings. Operational audits of internal control structure such as assistance in setting up accounting

systems for new or expanding businesses. Acquisitions and disposals supports consisting of in- depth reviews of specific businesses,

purchase investigation or audit of an intended acquisition. Implementation of consolidation processes, including the different aspects relating to the

definition of reporting group, to the choice of accounting principles and to the implementation of reporting procedures from affiliates to their holding.

Acting as liquidators of companies appointed by partners in voluntary liquidation or courts in compulsory liquidation and handling of any subsequent related matters.

Assistance in assessing the effectiveness and structure of internal audit departments, and training of internal auditors in relevant techniques including computer auditing.

Acting as custodians appointed by courts and accounting experts in litigation. Acting as arbitrators.

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OUR SERVICES

Advisory Through our different engagements, we assist the management of our clients in the accounting, financial and administrative aspects of daily management. Our advisory services falls under the following categories:

A. Accounting Advice on the appropriateness of policies in particular business circumstances including acting as

arbitrator or an expert witness. Implementation follow-up and review of financial accounting. Participation in setting up accounts through the design and follow-up of the cost accounting

system, the implementation of accounting plans and the preparation of periodical financial positions, balance sheets and income statements.

B. Financial Financing, including advice on sources of finance, assistance with preparation of budgets, cost

analysis, margins, profitability, negotiation of finance. Preparation of reports for investment banks and financial institutions. Business expansion advice. Assistance in preparing management reporting, budgetary control and advice on methods to

improve profit or reduce costs particularly in the financial areas. Reporting on specific business activities, such as the operation of a branch or a subsidiary. Advice on the evaluation and selection of microcomputer systems and related software, and their

installation.

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OUR SERVICES

Zakat & Tax Through our specialized center, Gulf Center for Zakat and Tax Consultancy (GCC), we provide a wide range of Zakat & tax services to companies, partnerships, individuals and trusts. These are available not only to clients who use our services, but to any business enterprise or individual requiring special Zakat & tax advice. Assistance to clients in meeting their Zakat & tax compliance obligations. The provision of specialized Zakat & tax planning advice which aims to ensure that clients businesses

and financial affairs are arranged in an orderly manner with proper regard to the incidence of taxation.

VAT Consulting, implementing, and other related services.

Zakat

Income Tax

Withholding Tax

VAT

Selective Commodity Tax

CRS

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GLOBAL PRESENCE

160+ member firms 170+ cities 70+ countries

Afghanistan Argentina Australia Austria Belgium Brazil Bulgaria Canada China Colombia Costa Rica Cyprus

Denmark Ecuador Egypt France Germany Greece Guernsey Hong Kong India Indonesia Ireland

Russian Federation Saudi Arabia Senegal Singapore South Africa South Korea Spain Switzerland

Isle of Man Italy Japan Jersey Kuwait Latvia Lebanon

Lithuania Luxembourg Malaysia Malta Mauritius Mexico Nepal

Netherlands New Zealand Nigeria Pakistan Papua New Guinea Peru Poland Portugal Romania

OUR AUDIT APPROACH

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The increasingly scrutinized environment in which audits are conducted means the clients need to be confident in their auditors and their auditors’ approach. Management and directors expect a robust audit where the auditors work closely to support the business, bringing new ideas and insights, whilst remaining independent so as to challenge and review areas of practice. Our commitment to the clients is the provision of assurance, a no surprise audit, and value adding ideas and solutions. We have a proven track record for delivering a robust audit to our clients who will provide their management with confidence in the integrity of the financial reporting and quality of controls operations.

Our objective for each engagement is to develop an audit

approach, which is tailored to the client’s business and industry.

This approach involves evaluating the areas of financial and business risk, and then designing and applying tests to those risk areas. The benefits of this approach is that less time is spent on the routine testing of transactions, allowing more time on the critical areas of judgment and management concern.

OUR AUDIT APPROACH (Cont’d)

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Auditing Process We will develop and Implement an audit approach that is tailored for your Company and in compliance with the International Standards of Auditing generally accepted in the Kingdom of Saudi Arabia in which it includes effective & continuous communication in all matters and issues related to the audit & the operating of the Company, in addition to commitment in the provisions and regulations applied in the

Kingdom of Saudi Arabia.

Benefits We have audit procedures and approach that are supported by using the modern technologies which helps in the following:

Effectively planning and implementing the risk-based audit approach that provides an appropriate basis for expressing our opinion on the Company’s financial statements.

Determines the needs and expectations of the Company and the significant professional requirements for the task, along with preparation and implementation of an appropriate plan to serve the Company.

Provide advice & guidance for significant matters relevant to the nature of the Company’s business and activities in light of the circumstances related to the Company.

OUR AUDIT APPROACH (Cont’d)

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Main Characteristics Partner Involvement: The partners in our firm are directly involved in directing and monitoring the planning process and implementation of audit procedures due to their extensive experience and

knowledge in the nature of the Company’s activities. In addition, the partners are responsible for the overall quality of service provided to the clients and are required to effectively and continually interfere in managing and directing the audit process.

Identifying Risks: We identify the risks related to the nature of the Company’s activity and to the audit process on the level of significant accounts’ balances and potential errors, in addition, we assist the Company in identifying risks and determining the extent of internal control procedures to respond on those risks through planning for an audit that is focused on those risks.

Interaction: We interact with the Company’s management and respond duly to the management’s needs and expectations.

Flexibility: We develop audit plan that is contingent.

High Mechanization: We consider ourselves a leading firm in applying automated audit tools & software.

OUR TEAM

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Certified Public Accountant (SOCPA) - Saudi Arabia. Master Degree of Science (MSc) in Accounting – Texas A&M

University (USA). Bachelor degree of Accounting – King Saud University. Member of Saudi Accounting Committee. Member of SOCPA Performance Quality Control Committee. Member of VAT Examination & Assessment Committee.

Rashed Awaji Partner

Adel Sadiq Audit & Zakat

Director

Bachelor degree of Accounting. Member of SOCPA. Has more than 30 years experience in Audit & Zakat in Saudi

Arabia. He has been the Zakat and tax consultant and advisor for several companies due to his extensive experience, knowledge, and awareness of the local laws & regulations.

OUR TEAM (Cont’d)

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Ziad Salem Financial Advisor

Has over 30 years of accounting, auditing, management and financial consulting, computer modeling and training. His career experience covers different areas with public and private sectors in the field of corporate finance, feasibility studies, financial system development, restructuring and performance evaluation.

Had extensive experience in Financial Advisory in RSM (2007 – 2016).

Anwar Aqad Audit Manager

Bachelor degree of Accounting. Member of SOCPA. Has more than 27 years experience in audit & assurance in

Saudi Arabia. He has extensive experience in Groups audit, consolidation, inter-company transactions and analysis, in addition to knowledge, and awareness of the local laws & regulations.

OUR TEAM (Cont’d)

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Salam Naddaf Audit Manager

Mohammad Y. Khan Audit Manager

Bachelor degree of Accounting. Master of Business Administration (MBA). Member of SOCPA. Has more than 15 years experience in audit & assurance. He

gained his experience from TAGI in different industries.

Bachelor degree of Accounting – University of Jordan. Member of SOCPA. Has more than 10 years experience in audit & assurance. He has

gained his experience from one of the Big four (Deloitte) for 6 years in different industries.

Expert in IFRS and has extensive experience in Saudi Joint Stock regulations and Financial Reporting Framework.

He have passed 3 courses of CPA exams during 2017/2018.

OUR TEAM (Cont’d)

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Mustafa Abbas Audit & Quality

Manager

Bachelor degree of Accounting – Yarmouk University. Member of SOCPA. Has more than 9 years experience in audit & assurance. He

gained his experience from one of the Big four (Deloitte) for 8 years in different industries (i.e. Retail, Manufacturing, Real Estate, Telecommunication) Moreover, he has experience in financial analysis, risk assessments, reporting, & internal control systems.

Bachelor degree of Accounting – Yarmouk University. Member of SOCPA. Has more than 5 years experience in audit & assurance. He

gained his experience from one of the Big four (Deloitte). He have passed 2 courses of CPA exams during 2017/2018.

Mohammed Aburub Audit Supervisor

OUR TEAM (Cont’d)

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Qusai Mallah Tax – Senior

Associate

Bachelor degree of Accounting – Jadara University. Participated in VAT Expert training course in Jordan. Has more than 6 years experience in tax and accounting

services in several industries (I.e. Healthcare, Contracting, & Retail).

Master degree of Business Administration. Bachelor degree of Accounting. Member of SOCPA. Has more than 4 years experience in accounting & audit of

contracting, educational & telecommunication industries.

Riyaz Sharief Auditor

OUR TEAM (Cont’d)

Bachelor degree of Accounting – Yarmouk University. Member of SOCPA. Participated in PWC training program in Jordan. Has more than 4 years experience in accounting & audit of IT,

Financial institutions, contracting & manufacturing industries.

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Mohammad Nofal Auditor

Osama ElNeel Audit Staff

Bachelor degree of Accounting & Finance – University of West of England (UK).

Member of SOCPA. Has more than 3 years experience in audit & assurance of retail,

investments, and travel and hospitality industries. He have passed 4 out of 5 courses of ACCA during 2017/2018.

OUR TEAM (Cont’d)

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Bachelor degree of Accounting – Balqa Applied University. Member of SOCPA. Has more than 3 years experience in audit & assurance of retail,

medical, and travel and hospitality industries.

Shawkat AbuHejleh Audit Staff

Murad Shehadeh Audit Staff

Bachelor degree of Accounting – Middle East University. Member of SOCPA. Has more than 2 years experience in accounting & audit of

retail, real estate & manufacturing industries.

OUR TEAM (Cont’d)

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Nada Mohammed Quality Control Staff

Master degree of Accounting – Yarmouk University. Bachelor degree of Accounting – Yarmouk University. Has more than 2 years experience in banks accounting and

auditing of several industries.

Bachelor degree of Accounting. Member of SOCPA. Has more than 2 years experience in accounting & audit of real

estate investment industries.

Ibrahim Adel Audit Staff

OUR TEAM (Cont’d)

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Master degree of International Management. Bachelor degree of Marketing & Management. Has more than 6 years experience in Management and

Development.

Rahma Akhtar Business

Development Officer

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Administrative Staff

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Professional Services Staff

5

Professional Services

Managers

We have high qualified and well experience professionals to serve our clients. Our team comprise of bilingual staff with professional qualifications and good experience.

RISK MANAGEMENT & QUALITY CONTROL

Risk Management

Risk management is the responsibility of all AWAJI personnel. It is important for them to act with objectivity and integrity at all times with all clients. In addition, it is incumbent on all personnel to: Take responsibility for the work that is

produced. Adopt an attitude of professional

skepticism. Recognize the importance of judgment

and common sense. Keep the lines of communication open

and recognize that all AWAJI personnel can be affected by the work of others.

Quality Control

There is a distinct difference between quality assurance and quality control. Quality assurance is a function that defines then manages quality.

Quality control is the process of measuring deliverables against standards. Quality assurance uses the results of quality control to evaluate and improve the "processes" that produce the deliverables.

Thus, quality assurance works with the processes, and quality control works with the deliverables.

The benefits of managing quality systematically and proactively include:

Reducing project risks. Reducing project costs. Increasing user confidence. Increasing project team job satisfaction. Producing deliverables on time. Minimizing re-work.

Plan

Establish

Implement

Review

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AUDIT | CONSULTING | FINANCIAL ADVISORY | ZAKAT & TAX

Alloitt Group International Established in the UK in 1979, Alliott Group (“AGI”) was one of the first international associations of independent accounting firms (at the time referred to as "networks").

Rashed Awaji – Certified Public Accountant Independent member of Alliott Group International

Olaya Main Street – King Fahad District Building No. 6483 Unit No. 1 Zip Code: 12271 – Additional No. 2734 Riyadh – Kingdom of Saudi Arabia Telephone: +966 (0) 11 2290 444 / 920033129 Fax: +966 (0) 11 2290 335 www.awajicpa.com | www.alliottgroup.net