News - SOCPA

14 Dec 2022

The Accounting Standards Board of SOCPA holds its Periodic Meeting and Adopts a Number of Updates on the Approved S...

The Accounting Standards Board of Saudi Organization for Chartered and Professional Accountants (SOCPA) held its periodic meeting on Tuesday 13/12/2022, headed by the Chairman of the board, Mr. Jihad bin Muhammad Al-Omari. During the meeting, a number of subjects on the agenda were discussed. This included, reviewing a recommendation of the board Executive Committee regarding the introduction of a number of improvements to the standard of financial reporting based on liquidation in the lig...

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12 Dec 2022

SOCPA Organizes the First International Conference on Accounting Education in Early 2023

The Saudi Organization for Chartered and Professional Accountants (SOCPA) will organize the International Conference on Accounting Education at the Riyadh International Convention and Exhibition Center from January 3-5, 2023, under the slogan "Early Preparation for the Labor Market," and under the patronage of His Excellency the Minister of Commerce and chairman of the board of Directors of SOCPA, Dr. Majid bin Abdullah Al-Qasabi. The CEO of SOCPA, Dr. Ahmed bin Abdullah Al-...

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11 Dec 2022

SOCPA Issues Professional Examinations Guide 2023

SOCPA issued a Professional Examinations Guide that includes all the examinations that SOCPA intends to hold during the year 2023. The guide includes an introduction to SOCPA's fellowship exam, the Accounting Technician exam, and the VAT Specialist Exam, in addition to the Professional Certificate Exam in the International Financial Reporting Standards (IFRS) and the Professional Certification Exam for the two training track programs in accounting and government auditing. SOCP...

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08 Dec 2022

SOCPA participates in the 14th Annual Meeting of The Asian-Oceanian Standard-Setters Group

SOCPA, represented by the Accounting Standards Board, participated in14th Annual Meeting of The Asian-Oceanian Standard-Setters Group (AOSSG), which was held in the Republic of Nepal from November 14-16, in addition to participating in the International Conference on IFRS, which was held the day before the AOSSG meeting. The group discussed several international standards drafts and topics of interest to the group's countries, including how to develop the standard for intangible assets, the...

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07 Dec 2022

OCPA Holds a Roundtable Meeting to Discuss Consulting Services Standard Draft "Engagements for Providing Forensic A...

The Saudi Organization for Charted and Professional Accountants (SOCPA), represented by its Accounting Standards Board, organized a round-table meeting to discuss the consulting services standard Draft "Engagements for Providing Forensic Accounting Services." The meeting was attended by a select group of eminent judges and several chartered accountants in SOCPA's headquarters on Wednesday morning, 07-12-2022. The meeting was commenced by His Excellency Dr. Ahmed bin Ab...

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06 Dec 2022

SOCPA Hosts the EEG Meeting

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Board, hosted IASB's Emerging Economies Group (EEG) meeting on December 5-6, 2022. The meeting revolved around discussing accounting standards from the point of view of emerging economies to establish accounting standards that boost the level of transparency, accountability, and effectiveness of financial markets. The group also discussed the proposed amendments to the IFR...

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