News - SOCPA

18 Feb 2024

SOCPA Releases Updated International Standards for Quality Management and Auditing

The Saudi Organization for Chartered and Professional Accountants (SOCPA) has released the Arabic electronic version for the year 2024, which corresponds to the latest version of the International Standards on Quality Management, Auditing, Review, and Other Assurance and Related Services (2022 edition). This version includes several amendments and updates, which can be summarized as follows: 1. Quality Management Standard (1): "Quality Management for Firms that Perf...

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15 Feb 2024

SOCPA Hosts the 2024 Middle East Accounting Case Study Student Competition

SOCPA has announced its partnership in organizing and hosting the "2024 Middle East Accounting Case Study Student Competition" held annually by the Institute of Management Accountants (IMA). This competition is open to accounting students from various universities across the Middle East and Africa, and for the first time, submissions can be made in Arabic. This initiative is part of SOCPA's efforts to enhance knowledge in the field of management accounting and to en...

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15 Feb 2024

SOCPA Shares Its Perspective on Several IFRS IC Tentative Agenda Decisions

The Saudi Organization for Chartered and Professional Accountants (SOCPA) has shared its views on several tentative agenda decisions issued by the IFRS Interpretations Committee (IFRS IC). The IFRS IC published a tentative agenda decision regarding a query on the disclosure of revenues and expenses for reportable segments. Represented by the Accounting Standards Board, SOCPA expressed its perspective, confirming its agreement with the IFRS IC’s approach that the relevant standard...

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13 Feb 2024

SOCPA Publishes Names of Fellowship Certificate Recipients

The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate the recipients of the Fellowship Certificate for the third cycle of 2023. We wish them continued success and prosperity in their professional careers.

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07 Feb 2024

SOCPA Signs Partnership with Ministry of Environment, Water, and Agriculture to Enhance Financial Performance

SOCPA has signed a cooperation partnership with the Ministry of Environment, Water, and Agriculture. The signing ceremony took place at the Ministry’s headquarters in the presence of His Excellency the Deputy Minister, Eng. Mansour bin Hilal Al-Mushaiti. The agreement was signed by SOCPA’s CEO, Dr. Ahmed bin Abdullah Al-Meghames, and the Deputy Minister for Shared Services, Mohammed bin Ali Al-Zubaidi. The partnership aims to collaborate in training and education and foster communit...

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01 Feb 2024

SOCPA Adopts Narrow Scope Amendments to International Standards on Auditing 260 and 700

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Auditing Standards Board, has adopted narrow scope amendments issued by the International Auditing and Assurance Standards Board (IAASB) to International Standard on Auditing (ISA) 260 "Communication with Those Charged with Governance" and ISA 700 "Forming an Opinion and Reporting on Financial Statements" as issued by the international board. These amendments aim to alig...

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