The guide: coding system and sector requirements

Every paper in the file has a fixed code, and each code tells you the section it belongs to. That order lets you find any paper quickly and cross-reference to and from it without ambiguity.

Coding rules

  • Ten sections, one per hundred: from 000 “File Administration” to 900 “Quality Review and File Closure”.
  • A main paper has three digits within its section, e.g. 403 “Risk and Control Matrix”.
  • A sub-paper carries its parent's code plus two digits, e.g. 40301 “Test of Design” under 403.
  • Papers prepared for each engagement take the engagement number before their code: 03-401 is the process narrative for engagement 03. Permanent, annual and contract papers keep their code alone.
  • Tickmarks, referencing rules and the standard header on every paper are defined in paper 002.

The ten sections

  1. 000File AdministrationIA-01
  2. 100Acceptance, Engagement and AdministrationIA-02
  3. 200Permanent and Annual FileIA-03IA-04
  4. 300Engagement PlanningIA-05IA-08
  5. 400Process Understanding and Control AssessmentIA-06IA-08
  6. 500Testing and FieldworkIA-07IA-08
  7. 600FindingsIA-09
  8. 700Reporting and Follow-upIA-09IA-10
  9. 800Advisory EngagementsReplaces 400–700 on advisory engagementsIA-11
  10. 900Quality Review and File ClosureIA-12

Sector requirements

Additional requirements applied on top of the base guide according to the client's sector. They appear as notes inside the affected templates.

Sector and regulatorRequirementPapers
Local banks
Saudi Central Bank (SAMA)
Functional reporting to the Audit Committee and administrative reporting to the CEO
Internal Audit Principles for Local Banks (effective 1 January 2022)
20203
Local banks
Saudi Central Bank (SAMA)
Quarterly report to the Audit Committee on assessments, findings and management responses, and an annual report on the internal control system and performance against plan
Internal Audit Principles for Local Banks (effective 1 January 2022)
709, 707
Local banks
Saudi Central Bank (SAMA)
Risk-based annual plan with a documented assessment, approved by the Audit Committee and updated at least annually
Internal Audit Principles for Local Banks (effective 1 January 2022)
207, 208, 20801
Local banks
Saudi Central Bank (SAMA)
Outsourcing limited to specialised assignments; requires SAMA prior approval, a non-disclosure agreement and knowledge transfer to staff; the provider may not be the external auditor or be re-engaged for the same assignment within 3 years
Internal Audit Principles for Local Banks (effective 1 January 2022)
101, 10102, 103, 10301, 10302, 10303
Local banks
Saudi Central Bank (SAMA)
Electronic database of reports, findings, corrective action plans and working papers, and an approved records retention manual
Internal Audit Principles for Local Banks (effective 1 January 2022)
906, 705
Local banks
Saudi Central Bank (SAMA)
Independent external quality assessment at least every 5 years
Internal Audit Principles for Local Banks (effective 1 January 2022)
903
Listed companies
Capital Market Authority (CMA)
The Audit Committee reviews internal audit reports, follows up corrective actions and oversees the performance of internal audit
Corporate Governance Regulations — Audit Committee duties
709, 705, 707
Listed companies
Capital Market Authority (CMA)
The committee's annual report includes its opinion on the adequacy of internal control and risk management and is published with the General Assembly invitation
Corporate Governance Regulations — Audit Committee duties
709
Listed companies
Capital Market Authority (CMA)
A mechanism for employees to raise concerns confidentially, with independent investigation
Corporate Governance Regulations — Audit Committee duties
30201
Associations and civil foundations
National Center for Non-Profit Sector Development
Associations with annual revenue of SAR 5 million or more form an internal audit committee
Governance Rules for Associations and Civil Foundations (Umm Al-Qura, 2023) — Article 20
20201
Associations and civil foundations
National Center for Non-Profit Sector Development
The committee reviews internal control and recommends the appointment of the internal auditor
Governance Rules for Associations and Civil Foundations (Umm Al-Qura, 2023) — Article 21
101, 103
Associations and civil foundations
National Center for Non-Profit Sector Development
The external auditor may not be a member of the internal audit committee
Governance Rules for Associations and Civil Foundations (Umm Al-Qura, 2023) — Article 36
10102
Government entities
Council of Ministers
General standards: full independence, impartiality, confidentiality and due professional care
Unified Regulation for Internal Audit Units in Government Agencies and Public Institutions (Resolution No. 129 dated 6/4/1428H)
104, 10301

Check the official text of each reference before relying on it; regulations change.