Soha Khan
44 posts
Oct 22, 2026
6:49 AM
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Digital transactions are becoming increasingly important in Saudi Arabia, supporting electronic payments, supplier settlements, payroll processing, and online business operations. However, digitalisation also creates risks, including invoice manipulation, unauthorised payments, duplicate transactions, and compromised financial accounts. A consultant internal audit can help Saudi businesses identify weaknesses in transaction controls, investigate suspicious activities, and protect financial records from fraud. In 2026, organisations must strengthen their financial oversight as they adopt automated accounting systems, electronic invoicing, and integrated payment platforms. Saudi Arabia’s FATOORA electronic invoicing framework supports better record keeping and tax compliance, but businesses must still verify supplier details, transaction approvals, and evidence of goods or services received.
Effective digital fraud detection involves reviewing payment records, identifying unusual transactions, verifying supplier banking changes, and monitoring unauthorised journal entries. Data analytics can help auditors identify duplicate payments, suspicious patterns, and transactions that bypass established approval limits. Businesses should also implement multi factor authentication, role based access controls, segregation of duties, regular reconciliations, and employee cybersecurity training. These measures reduce opportunities for fraud and improve accountability across financial operations. By combining technology, risk based auditing, and effective internal controls, Saudi organisations can detect suspicious activity earlier, reduce financial losses, strengthen compliance, and improve the reliability of financial reporting throughout 2026.
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