News - SOCPA

24 Jun 2021

SOCPA's General Assembly sets new rules for members elections

SOCPA's General Assembly convened on Wednesday 23/6/2021 via a remote online video session. The session was chaired by Mr. Abdulmohsen Al Fares, member of the Board of Directors and in the presence of other members of the Board of Directors and the General Assembly. The meeting started with a speech by Mr. Al-Fares in which he welcomed the members and commended the efforts of the General Secretariat during 2020. The CEO of the organization, Dr. Ahmed Al-Meghames, followed Mr. Al-Fares with ...

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23 Jun 2021

SOCPA Publishes On Its Website The Full Updated Version Of IFRS 2021

Throughout 2020, the Saudi Organization for Chartered and Professional Accountants (SOCPA) represented by the committee of accounting standards, has adopted several amendments made by the International Accounting Standards Board (IASB) to the International Financial Reporting Standards (IFRS). These amendments came as a response to the changes and developments in the work space. SOCPA has translated and adopted the amendments, and published them on its website. To view the amendment, c...

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19 Jun 2021

SOCPA Publishes Names of New VAT Specialist Certificate Holders

The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate those who have obtained the VAT Specialist Certificate (second Cycle 2021), wishing them success in their careers.

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17 Jun 2021

SOCPA draws the attention of the IASB to mistakes in the English version of the IFRS

SOCPA draws the attention of the IASB to errors in the English version of the International Financial Reporting Standards (IFRS) 2021, and the IASB corrects these errors. The International Accounting Standards Board (IASB) issued a correction to several errors that were found in the English version of the International Financial Reporting Standards (IFRS) 2021. These errors were mainly concentrated in IFRS 9. The source of these errors was the inconsistency of the version of the standard wi...

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16 Jun 2021

Director of Business Development at the ACCA visits SOCPA

The director of the Business Development at the Association of Chartered Certified Accountants (ACCA), Mr. Malik Sarreuldeen, visited the Saudi Organization for Chartered and Professional Accountants (SOCPA) and met with His Excellency the Secretary-General, Dr. Ahmed Al-Meghames, and the Assistant Secretary-General for Membership and Professional Development, Dr. Musab Al-Juaid. The two sides discussed partnership between their respective organizations and ways to enhance it, specifically in ar...

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13 Jun 2021

Implementing The Updated ISA No. 220 "Quality Management For An Audit Of Financial Statements" | Implementing The U...

The International Audit and Assurance Standards Board (IAASB) has issued a new updated ISA No. 220 "Quality Management For An Audit Of Financial Statements". In accordance with the approved procedures for new or revised versions of standards, SOCPA examined and translated the updated standard. And in keeping with said procedures, SOCPA is required to publish the updated standard on its website and ask interested parties for their feedback or amendments (if any), so that the committ...

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