News - SOCPA

23 Feb 2022

CEO Congratulates the Leadership on the Anniversary of the Founding Day

The CEO of SOCPA, Dr. Ahmed bin Abdullah Al-Maghamis, congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud on the occasion of the founding day. Dr. Al-Maghamis said on this occasion that the royal decree to announce the anniversary of the founding day shows the wise leadership's keenness to consolidate the history of the Saudi state, as this day reflects the founding ...

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17 Feb 2022

SOCPA Promotes Accounting Culture Among University Students

SOCPA launched an initiative to enhance accounting awareness amongst university students around Kingdom. The initiative includes holding exhibitions at colleges of administration and business in a number of universities around the Kingdom with the goal of spreading professional awareness among male and female accounting students. The exhibitions will last for two days, during which introductory seminars will be held on the future of the profession and the professional certificates ...

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15 Feb 2022

UNCTAD and SOCPA Offers a Program to Qualify Trainers in Various Professional Bodies

SOCPA has started training accounting personnel in the Middle East and North Africa regions, through a course in accounting for micro, small and medium enterprises (MSMES). This comes as the United Nations Conference on Trade and Development (UNCTAD) commissioned the SOCPA to provide a professional course aimed at qualifying trainers for professional bodies in a number of African and Middle Eastern countries to better utilize the accounting training manual for small, medium and micro-enterprise...

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14 Feb 2022

IFAC praises SOCPA's Experience in Developing Accounting Education

The International Federation of Accountants (IFAC) praised SOCPA for its role in the development of accounting education and the quality of educational outputs for university education in the kingdom. The federation recommended replicating the SOCPA experience in the Arab countries and benefiting from it as a leading professional organization in the region. The federation also proposed holding a regional meeting that brings together the countries of the Middle East to unify the efforts towards...

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13 Feb 2022

SOCPA shares its comments on the Tentative Agenda Decision of IFRS Interpretations Committee (IFRS 15)

The IFRS Interpretations Committee has asked for comments on its tentative agenda decision regarding how to adapt an entity's transactions that involve the reselling of software to a third-party, and whether the entity in questing can be considered a principal or agent when it is obligated to provide advice to the end-user about the software and has the right to negotiate prices. SOCPA concurred with the Committee's conclusion that the principles and requirements in IFRS Standards provi...

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09 Feb 2022

SOCPA Adopts a Set of Regulations and Policies as Part of its Push for More Governance

SOCPA continued to govern its work and institutionalize the accounting work after the Board of Directors approved a set of regulations and specialized policies that will ultimately lead to higher quality and performance. The Board approved the SOCPA's Terms of Reference, the Conflict-of-Interest Policy, the Advisory Board's Regulations, the Board of Directors Regulations, the Education and Training Committee Regulation, the Professional Ethics Committee regulation, the Professional Perf...

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