Saudi Aramco GI 203.004 CORPORATE AND WHOLLY-OWNED SUBSIDIARIES’ FINANCIAL ACCOUNTING & ADVISORY SERVICES

This General Instruction (GI) manual outlines Saudi Aramco's comprehensive process for contracting, awarding, and managing Financial Accounting and Advisory Services (FAAS) engagements with approved international, regional, and local accounting firms. It details the objective, scope, and responsibilities involved in engaging Preferred Accounting Firms (PAFs) for services such as asset and job valuations, risk assessments, compliance reviews, financial and commercial due diligence, and back-office outsourcing.

The document specifies the procedures for pre-award activities, including the Financial Advisory Engagement Request (FAER) submission and review, selection processes, and fee structure negotiation. It also covers award procedures, post-award administration, and roles of key departments like JVS&FCD and the Proponent Organization.

This instruction ensures the effective oversight and engagement of external financial expertise to support Saudi Aramco and its wholly-owned subsidiaries. Ideal for procurement specialists, financial analysts, accounting managers, and compliance officers working in the oil & gas industry or similar large-scale enterprises.