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21 Mar 2022
The International Accounting Standards Board (IASB) has published an exposure draft for new amendments to IAS 1 to improve the classification requirements for non-current liabilities with no disclosure conditions. The Saudi Organization for Chartered and Professional Accountants (SOCPA), has shared its comments on the exposure draft and it agrees with the Board that the conditions that affect the liability classification of an entity are the ones in which an entity must comply with on or ...
16 Mar 2022
SOCPA signed partnerships with 5 business incubators and accelerators to support new licensees and part-time professionals. The newly signed agreements will help enable the new licensees and part-timers to expand their businesses by allocating office spaces for them at a low rental cost. This comes as part of SOCPA's continuous endeavor to develop the auditing and accounting profession, support professional capabilities, develop the accounting work environment to serve the licen...
10 Mar 2022
SOCPA has made amendments to the structure of the fellowship exam to keep pace with recent developments in the profession and to better serve the various economic sectors and enhance the status of the fellowship certificate locally and internationally. The decision was made after deliberations with specialists and interested parties and stems from SOCPA's role in developing the accountancy sector in the Kingdom of Saudi Arabia. In this regard, SOCPA has conducted several studies on the needs...
09 Mar 2022
SOCPA has entered into a professional partnership with the Association of Chartered Certified Accountants (ACCA). The partnership includes granting SOCPA's fellowship holders exemptions from some of the ACCA exam papers, creating new joint professional certificates, and developing field-training programs ending with employment in major accounting firms. The ACCA will also help in training continuous professional quality control and performance reviewers. The partnership will also include org...
02 Mar 2022
The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to announce that it launched an official account on Twitter dedicated to customer care. The account carries the Twitter handle @socpa_care The move is part of SOCPA's growing interest in engaging its customers and is part of an initiative aimed at finding new channels of communication between SOCPA and its beneficiaries to really know their needs and give them an opportunity to voice their opinions an...
28 Feb 2022
SOCPA is pleased to congratulate all new recipients of its fellowship certificate for the third cycle of 2021, we wish them more success in their careers.