What is meant by the Certified Public Accountant's statement on the validity of the return for the establishment whose taxable income exceeds one million Saudi riyals? What standards should the accountant take into account to execute such a responsibility?

What is meant by the Certified Public Accountant's statement on the validity of the return for the establishment whose taxable income exceeds one million Saudi riyals? What standards should the accountant take into account to execute such a responsibility?

Certified Public Accountant's statement on the validity of the return means that the accountant confirms the validity of the tax return, especially that the return information is derived from the books and records of the establishment and verify its compatibility, and that the return was prepared as per the provisions of the Saudi Income Tax Law. This will be complied with if the taxable income exceeds one million Saudi riyals. The taxable income in question is the total income before deduction of expenses. The standards to be followed by the accountant are the standards set out in the Income Tax Law and its Regulations in addition to the standards issued by the Saudi Organization for Certified Public Accountants.

What is meant by the Certified Public Accountant's statement on the validity of the return for the establishment whose taxable income exceeds one million Saudi riyals? What standards should the accountant take into account to execute such a responsibility?