Project Components
The project transformed the Agricultural Development Fund’s financial reporting systems to comply with International Financial Reporting Standards. It included quality assurance across all phases, development of an integrated accounting model to analyse financial flows and impacts, and deployment of advanced analytics to enhance transparency, data quality and financial decision‑making.
A. The Challenge
The fund’s financial reports were based on local standards, limiting comparability, transparency and analytical depth. To meet global expectations and support better decision‑making, the organisation needed a comprehensive transition to IFRS while ensuring data quality and economic soundness.
B. Our Solution
We provided consulting services to plan and implement IFRS adoption. This included rigorous quality assurance, development of a comprehensive accounting model and integration of advanced analytical tools. Our team worked closely with fund staff to ensure accurate translation of financial statements and to build internal capabilities for ongoing compliance.
C. Key Achievements
The transition improved the transparency and comparability of financial reports, enabled deeper analysis of financial flows and supported more informed decisions. The fund now meets international reporting standards, enhancing stakeholder confidence and paving the way for more sophisticated financial management.
Project Overview
Client:
Agricultural Development Fund
Value:
797,551 SAR
Start Date:
2021
End Date:
2021
Project Category:
Digital Transformation, Data and Insights, Quality and Institutional Excellence
Project Tag:
Government
Duration:
Six months
Project URL:
Status:
Completed
The Client Phone :
00966112118888
The Client Email :
cc@adf.gov.sa
The Client Website :
adf.gov.sa