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SOCPA participates in the exhibition accompanying the First International Conference on Commercial Arbitration

SOCPA participates in the exhibition accompanying the First International Conference on Commercial Arbitration

17 October 2018

Saudi Organization for Certified Public Accountants (SOCPA) participates in the exhibition accompanying the First International Conference on Commercial Arbitration, which will be organized in Riyadh from 15th to 16th of October at the Crowne Plaza Hotel under the title "Institutional Arbitration: Its significance and impact on Economic Transformation and Investment Promotion". This significant event discuss, through several sessions, series of the most important and recent topics related to alternatives to dispute resolution in general and institutional arbitration in particular. It host more than 45 speakers from nearly 15 countries from all continents of the world. SOCPA is keen to participate in such activities in order to introduce its services to the different segments of society. These services include SOCPA fellowship examinations, SOCPA membership benefits, and training programs covering number of specialized topics in the profession of accounting and auditing, which serve and enhance capacities of the interested and competent professionals and others.
 
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SOCPA announces its IFRS workshop (English)

SOCPA announces its IFRS workshop (English)

23 October 2017

SOCPA announces its IFRS workshop (English) which will be convened on Sunday /Monday 19-20/11/2017 in Riyadh from 9 am-4pm and will highlight and discuss 14 IAS & IFRS. The workshop will provide an opportunity for introducing and discussing the major concepts covered in selected International Accounting Standards. All topics covered will be accompanied with some examples to illustrate application. The Trainer is Faheem Piracha, FCA Principal Consultant, Hyphen Consultancy. For more information and registration please Click here .
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Dr Ahmed bin Abdullah Al-meghames, SOCPA Secretary General signed a consultation contract for preparation of  the accounting institute strategy

Dr Ahmed bin Abdullah Al-meghames, SOCPA Secretary General signed a consultation contract for preparation of the a...

07 March 2016

SOCPA signed a contract with the consultant, Knowledge Pioneers for Training Company, to prepare the accounting institute strategy, including each of the proposed activities, the operation and implementation plan of the project, preparing the organizational structure, and the organizational manual covering departments, sections and committees. Dr Ahmed bin Abdullah Al-meghames, SOCPA Secretary General and Board member of the accounting institute signed the contract on behalf of SOCPA and Mr. Obaida bin Jawdat Shorrab, CEO of Knowledge Pioneers for Training Company signed the contract on behalf of Knowledge Pioneers for Training Company.
Dr. Al-meghames stated that, the establishment of an institute for training came within SOCPA plans to develop and enhance the accounting and auditing profession, wishing for the Institute to meet the interests of all trainees and to provide an opportunity for participants to familiarize themselves with the knowledge and skills necessary for the practice of accounting and auditing profession and to introduce theoretical and practical aspects of professional standards and opinions related to the topics of professional courses.
It is worth mentioning that SOCPA Board has formed the Institute board of directors by its resolution No. 8/2/2  taken at its second meeting for the eighth session dated 07.01.1437 H corresponding to 20.10.2015 G. The Board of the Institute has assumed its responsibilities and authorized SOCPA Secretary General to sign the contract. Preparation of the Institute's strategy, operation plan, and organizational structure is expected to take six months from the date of signing the contract.
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SOCPA and GCCAAO held a panel discussion on

SOCPA and GCCAAO held a panel discussion on "the consequences of transformation of Saudi accounting standards to th...

25 February 2016

Saudi Organization for Certified Public Accountants (SOCPA), in collaboration with the  GCC Accounting and Auditing Organization (GCCAAO), organized on Wednesday, 15.05.1437 H corresponding to 24.02.2016 G at the headquarters of Saudi Standards, Metrology and Quality Organization in Riyadh, a panel discussion on (the consequences of the transformation of Saudi Arabia accounting standards to international standards). The aim of the panel is to illustrate the main requirements of international standards compared to Saudi standards, and the potential effects of the application of fair value concepts. Furthermore, attendees were provided the opportunity to share their views and suggestions, and display their inquiries with respect to the potential complications that may emerge when applying international standards.
 Dr Ahmed bin Abdullah Al-meghames, SOCPA Secretary General inaugurated the panel by a speech in which he welcomed the attendees and thanked them for their participation in this significant professional event, which comes within the ongoing cooperation between SOCPA and GCCAAO , as both of them are keen to establish better accounting practices, expand and enrich the discussions and the exchange of experiences between people with interest and competence in the accounting and auditing profession.
During his speech, Dr Al-meghames urged accountants to attend the courses and events organized by SOCPA, which will make them technically and professionally prepared before the mandatory application of the international standards. Then topics began, which included the impact of the transition to international accounting standards compared to Saudi standards, through an application viewpoint; the impact of the fair value concept  on the transition in the first  and succeeding years; and the role of consulting firms in the transition to the international standards. The speakers in this panel were, Mr. Suleiman Ahmed Abu Tayeh, Head Of Accounting And Finance Division of the Islamic Development Bank, Dr. Mahmoud Nassar, an accounting professor at the University of Applied Sciences in Jordan, and Mr.  Ehsan Amanullah Makhdoom –CPA. The panel was  concluded by a discussion session in which Dr. Abdulrahman bin Mohammed Al-resin, SOCPA Assistant Secretary General for standards, participated with speakers. The panel was moderated by Dr. Nasser Al-Gaoad, GCCAAO chief executive.
The panel witnessed a good presence of competent persons who interacted with the presentations of the speakers. At the end of the panel, Dr. Mohammed bin Suleiman Al-Aqeel, SOCPA  Assistant Secretary-General for membership and professional development, presented commemorative shields to the speakers and thanked them on behalf of the audience for the constructive ideas and visions presented during the panel.

 

 
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SOCPA  translated a book on the Intermediate Accounting

SOCPA translated a book on the Intermediate Accounting

24 February 2016

Dr Ahmed bin Abdullah Al-meghames, SOCPA Secretary General signed a cooperation agreement between SOCPA and "Pearson Education" company, under which the book of Intermediate Accounting Part I and Part II, by Kin Lo, George Fisher, is translated.
The translation of this book also comes as part of SOCPA efforts to obtain the best international textbooks in order to promote curricula and learning outcomes for Accounting Departments in Saudi Arabia and to enable students of accounting departments at the universities to be aware of modern knowledge in the field of accounting in order to conform with the development witnessed by the Kingdom. SOCPA, by using the advice of the scientific and practical expertise, selects the latest books in the field of accounting and auditing based on book reputation and coverage of international standards.
SOCPA hopes that this book is to be a useful reference for students of accounting departments at the universities, particularly in the Kingdom and in the Arab world in general, in order to increase the level of the educational output in a way that serve the practice and the labor market.
The "Pearson Education" group is one of the educational giant companies specialized in the formulation and development of textbooks. "Pearson Education" comprises a group of companies and brands with various terms of reference in the field of education and training which is spread all over the world.
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The organization issued a number of new ''Accountants Magazine''

The organization issued a number of new ''Accountants Magazine''

21 January 2016

 
  Saudi Organization for Certified Public Accountants issued its magazine "Accountants" number 82, which included a number of topics related to the activities of the organization and the profession locally and internationally. To read this magazine, Please click here 
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SOCPA presented a lecture on

SOCPA presented a lecture on "treasury management"

02 December 2015

Saudi Organization for Certified Public Accountants (SOCPA) presented on Monday, November 30, 2015 in Riyadh a lecture on the role of treasury management in providing financial solutions for companies. At the beginning, Dr. Mohammed Al-aqeel, SOCPA Assistant Secretary-General gave a speech in which he welcomed the attendees and thanked them for their participation, indicating that the presentation of this lecture comes within the efforts  continuously made by SOCPA for the promotion of the accounting and auditing profession and all matters that may enhance its status, and in consideration to its role in raising the community awareness and cultural level and in maintaining the public interest. 
Subsequently, Mr. Mohamed Hassan Abu Yassin, Senior Vice President and Chief Sales Treasury's customers at Riyadh Bank presented the lecture, where he touched on the importance of the role played by the Treasury in helping companies to seize opportunities that became available as a result of the economic growth,
 and in providing alternative solutions to protect those companies from the risk of price fluctuations. He also highlighted the key issues facing treasury managers and experts working in the financial sector of companies.
Many interested persons attended and interacted with the lecturer. At the end of the lecture, Dr. Al-aqeel  presented a memorial shield to the lecturer and thanked him on behalf of the audience for the constructive ideas and visions provided during the lecture.
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