LCGPA Audit standards

Section 2 — Revenue and exports

Validate entity profile, reconcile total revenue, and run the export-revenue sample (≥ 1% triggers sampling).

9 min readUpdated 16 April 2026

2.1 Entity information#

  • Tie name, CR, address, and dominant ISIC sector to the source documents (CR PDF, audited FS).
  • If consolidated, ensure the entity-info subsidiaries section is filled (LCGPA §1.7).

2.2 Export revenue verification#

Obtain a sales analysis at invoice or customer level showing local vs export. Tie the total to the income statement (Other Income is not in scope).

  • If export revenue ≥ 1% of total revenue, run the sample.
  • Start with 20 random transactions; required coverage = 30% of export revenue; cap at 60 transactions.
  • Inspect the sales invoice + delivery note / customs paperwork to confirm destination outside KSA.

Re-sales inside KSA

Goods sold to a foreign trader who delivers them back to a KSA customer (or services performed for a KSA project) are not exports — even if the invoice is to a foreign address.