Service KSA – Lucent-Intl

welcome to Lucent

Our Services

OUR SERVICES

“We provide audit, tax, actuarial, advisory, consulting, and bookkeeping services to support sustainable business growth.”

Audit & Assurance

Comprehensive audit and assurance services that enhance financial credibility and transparency. We ensure compliance with SOCPA and international auditing standards, supporting confident decision-making for stakeholders and investors.

AUDIT SUPPORT

Assistance throughout the audit process—from organizing trial balances and preparing draft financial statements to performing audit testing and evaluating internal control systems.

Tax Support & Advisory

Expert guidance on Saudi Arabia’s tax framework, including VAT, corporate tax, excise, and withholding tax. Our advisors help you plan strategically and ensure full compliance with ZATCA requirements.

Actuarial Services

Professional actuarial studies compliant with IAS 19 and other IFRS standards. We deliver precise calculations for end-of-service benefits, employee liabilities, and long-term financial obligations.

Financial Accounting Advisory Services

Support in applying and transitioning to IFRS standards, resolving complex accounting issues, and improving financial reporting quality to enhance performance and compliance.

Management Consulting Services

Tailored consulting services focused on performance improvement, process optimization, financial management, and organizational development. We help companies align with strategic goals and enhance efficiency.

Bookkeeping Services

Comprehensive bookkeeping solutions including documentation, month-end and year-end closings, trial balances, and preparation of financial statements ready for audit and management review.

Other Services

Customized solutions such as feasibility studies, internal audit assistance, HR and payroll support, and financial planning—crafted to meet the diverse needs of Saudi businesses.

AUDIT

Our independent audit of financial statements enhances the reliability of information provided to investors, creditors, governments, and other stakeholders. We follow a risk-based audit approach based on International Standards on Auditing (ISAs), ensuring accuracy and transparency across every engagement.
We utilize our extensive industry knowledge and sector expertise to deliver high-quality audits that build trust and compliance.

Evaluating internal control systems to identify improvement areas.

Delivering insights that strengthen operational and reporting processes.

Maintaining effective and transparent communication at every stage.

AUDIT SUPPORT

We provide comprehensive support throughout the audit cycle, ensuring smooth preparation, documentation, and testing.

Organizing accounts and preparing the first draft of financial statements after receiving the trial balance.

Conducting sampling procedures to begin audit tests.

Assisting your engagement team in uploading all test samples to the audit software.

Finalizing and reviewing the draft financial statements for fair presentation.

Examining audit files and financial accounts through a detailed assessment.

TAX SUPPORT

A. Tax Compliance Support

Preparing and submitting tax returns such as withholding taxes, VAT, and other filings.

Calculating tax provisions and deferred taxes.

Regularly reviewing client accounts for correspondence or updates from ZATCA.

Supporting clients during tax audits and inspections, ensuring timely document submission and communication.

B. Tax Advisory Support

Our advisory team provides expert tax consultation across Saudi Arabia, Qatar, Egypt, Jordan, and Lebanon, ensuring compliance and strategic efficiency.

Domestic and international tax implications in compliance with local and global frameworks.

Specialized knowledge in Zakat, corporate tax, VAT, excise, customs duties, and withholding taxes.

Regional expertise through dedicated teams in Saudi Arabia and other key Middle Eastern markets.

Actuarial Services

Our actuarial specialists are fully versed in IFRS requirements and conduct detailed actuarial studies as required under IAS 19 (Employee Benefits).

Accurate computation of End-of-Service Benefits (EOSB).

Preparation of actuarial reports for inclusion in financial statements.

Ensuring compliance and alignment with international reporting standards.

Financial Accounting Advisory Services

Our team has deep knowledge of IFRS standards and has participated in major IFRS conversion initiatives across Saudi Arabia and the region.

Assistance in IFRS implementation and transition.

Ongoing day-to-day accounting advisory support.

Guidance in resolving complex financial reporting issues.

Management Consulting Services

We provide financial transformation and performance improvement consulting tailored to the Saudi business environment.

Our services are divided into three key areas:

Assessment:

Conduct current-state assessments for finance, budgeting, and operations.

Identify business requirements for financial management and process improvement.

Implementation and Operational Support:

Deliver knowledge transfer and on-the-job training.

Monitor budget vs. actual performance reports.

Prepare annual budgets and medium-term financial plans.

Manage fixed assets counting, tagging, and registration.

Execute bookkeeping and financial statement preparation.

Planning and Development

Develop a Target operating model for finance, budgeting, and procurement, which includes:

– Determine the strategic objectives of the department.
– Organizational structure and job descriptions.
– Service delivery model.
– Internal and external interactions.
– Service level agreements.
– Key performance indicators.

Develop key performance indicators for finance, budgeting, and procurement.

Develop a financial reporting framework that supports the decision-making process.

Develop a delegation of authority matrix.

Develop implementation roadmap.

Developing finance, budgeting, and procurement policies and processes manual

Develop organizational structure and job descriptions for the finance department, as well as budgeting, financial planning, and procurement departments.

Developing training programs.

Define Employee roles and responsibilities in accordance with the approved organizational structure.

Developing mid-term financial planning methodology.

Developing budget templates based on key assumptions and cost drivers to enhance financial accuracy.

Developing budget reports and interactive dashboards to assist decision-makers and taking corrective action.

Bookkeeping Services

We manage and document all financial transactions accurately and consistently, providing businesses with organized and transparent financial records.

Our bookkeeping process includes:

Recording daily financial transactions.

Preparing monthly and yearly trial balances.

Making adjusting entries where required.

Preparing financial statements for audit purposes.

Other Services

We also provide a range of additional services to support business operations and compliance.

Feasibility studies and financial projections.

Internal audit assistance (onsite support available).

Payroll management and human resource advisory.

Get in touch with us for more information

Lucent was founded with ambitious goal of setting high quality standards providing end-to-end professional services to its clients.

We have established and refined our working methods internal procedures using the technological competence and knowledge of our professionally educated consultants to reach our aim of offering the most complete and efficient service for our clients’ demands.

Information

Contact us

Othman Bin Affan St,
Coral Center Complex –3rdFloor -Office No. 4

+966 55 129 6196
+966 11 2754404

info@lucent-intl.com

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