Licensing Terms for Practicing Accounting and Auditing

Article III of Certified Public Accountants' Regulations issued by Royal Decree No. (M/59) dated 27-07-1442 h requires that the licenses should be granted according to the following:

1- For full-time practitioners, the following requirements should apply:

• A - Saudi National.

• B- Of full legal capacity.

• C- Holder of a Bachelor's degree in Accountancy or any other equivalent Certificate as may be deemed acceptable according to the regulation.

• D- Full membership in SOCPA, with at leaast one year of related experience.

• E- Of good conduct ; not convicted of doctrinal punishment or of an offense involving moral turpitude or breach of trust , unless rehabilitated ; not subjected to a disciplinary decision discharging him from governmental service , unless three years have lapsed since the taking of such disciplinary decision.

2- For part-time practitioners, the following requirements should apply:
A part-time person may be licensed according to the conditions specified in the Regulation, taking into account the following:

• A- All conditions mentioned in Paragraph (1) of this article.

• B- There must be a maximum period for practicing the profession part-time.

• C- Raising the required supervision hours for the licensee per client in addition to setting a maximum for total hours during the year.

• D- Not engaging in any audit services for high risks companies.
   

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