News - SOCPA

03 Jun 2021

SOCPA and THIQAH Sign a Partnership Agreement To Create Smart Solutions

The Saudi Organization for Chartered and Professional Accountants (SOCPA) and THIQAH Business Services, have signed today (3 June 2021) a partnership agreement to develop and implement modern smart solutions catering for the accounting sector. Representing SOCPA in the signing ceremony was the Secretary General of SOCPA Dr. Ahmed bin Abdullah Al-Meghames, while THIQAH was represented by its CEO of strategic partnerships Mr. Bader bin Abdullah al-Omari. In a statement regarding th...

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02 Jun 2021

SOCPA Announces Names of New SOCPA Fellowship Recipients

SOCPA is happy to congratulate all new recipients of the SOCPA fellowship for the first cycle of 2021, and wishes everyone good luck in their future endeavors and careers.

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02 Jun 2021

SOCPA Launches Its New Website

SOCPA launched its all-new website which comes as part of its continuous efforts to develop and enhance the accounting and auditing profession and its related services. The new website with its state-of-the-art design, provides a whole host of integrated e-services such as Memberships, Professional Registration, Professional Licenses, Professional Training, Professional Standards, SOCPA's year-round Events, and a digital library containing the relevant professional resources. The Secret...

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06 May 2021

Fee Reductions Related to COVID-19 After the 30th of June 2021

The Saudi Organization for Chartered and Professional Accountants, represented by the Accounting Standards Committee, has studied the extension by the International Accounting Standards Board of the exemption previously granted in 2020 to tenants from applying some of the requirements of IFRS 16 "Leases" in response to the effects of COVID-19, which allows tenants the option to not apply IFRS requirments relating to contract amendment to facilitate the implementation of this IFRS. ...

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04 May 2021

Mixed Companies Owners Decline in Bearing Zakat and Tax Expenses

The Saudi Organization for Chartered and Professional Accountants, represented by the Accounting Standards Committee, has adopted a limited amendment to the opinion issued by the Committee entitled "Opinion of the Accounting Standards Committee on displaying the impact of zakat and tax on owners' rights in the event of a decline among themselves in bearing the zakat and tax expense in mixed companies", whereby the company is given the choice between displaying the impact of the d...

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04 May 2021

SOCPA Signs a MoU with the Association of International Certified Professional Accountants (AICPA)

The Saudi Organization for Chartered and Professional Accountants signed a Memorandum of Understanding (MoU) with the Association of International Certified Professional Accountants (AICPA), which aims to establish joint cooperation in the field of accounting, auditing, and several professional areas, including supporting the organization of the American Institute of Certified Public Accountants (AICPA) fellowship exams in Saudi Arabia. The MoU will open the dialogue to discuss cooperation opp...

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