Kreston NBB Granted Audit Services Approval in Saudi Arabia
Kreston NBB Professional Consulting has received approval from Saudi Arabia's Capital Market Authority (CMA) to provide audit services for entities under the regulator’s supervision. This registration enables Kreston NBB to conduct audits of CMA-regulated organizations, including listed companies and real estate investment traded funds upon meeting additional requirements. The CMA emphasized that this move supports transparency, disclosure, and investor confidence in Saudi Arabia's capital market by ensuring reliable financial reporting. The approval marks a significant milestone for Kreston NBB as it strengthens its presence in the region. Currently, 17 accounting firms are registered with the CMA to offer audit services. This development follows regulatory updates introduced since 2018 and revised in 2022 aimed at improving auditor registration processes.
