News - SOCPA

03 Aug 2021

SOCPA Participates In The EEG Meeting With The IASB To Review Two Projects By The Board

The Saudi Organization for Chartered and Professional Accountants (SOCPA) took part in the Emerging Economies Group (EEG) meeting which was organized online by the International Accounting Standards Board (IASB) on the 12th of July 2021. In the meeting, the IASB presented two of its projects namely "Disclosure Initiative - Reviewing Disclosures Based On Targeted Standards" and "Management Commentary". The IASB aims by holding this meeting to present the two projects to a...

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11 Jul 2021

SOCPA Publishes A Guidebook Introducing Accounting To High School Students

SOCPA has published a guidebook Introducing and promoting accounting to high school students and graduates. The guidebook gives an overview of the various accounting majors and their importance to the economy. It also explains the multiple branches of accounting, and the ways that these branches serve society. The guidebook also included answers to the most frequently asked questions by students about taking up accounting as their major in university. It also provided a brief introduction of ...

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08 Jul 2021

SOCPA Organizes a Workshop on Software Capitalization and Development in Cooperation with CITC and FSC

The Saudi Organization for Chartered and Professional Accountants (SOCPA) and in cooperation with the Communications and Information Technology Commission (CITC) and the National Committee of Information Technology and Communications of the Federation of Saudi Chambers (FSC), held an interactive workshop on software capitalization and development for tech companies. The workshop started with a speech by the Deputy Governor of CITC for Emerging Technologies Sector, Mr. Raed Al Fa...

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05 Jul 2021

H. E. The Minister Of Commerce Approves The Executive Regulations Of The Accounting And Auditing Profession Law

H. E. The Minister Of Commerce, Chairman of the Board of Directors of SOCPA, Dr. Majid bin Abdullah Al Qasabi, issued a ministerial order to adopt the Executive Regulations Of The Accounting And Auditing Profession Law, which will contribute to the development of the accounting and auditing profession, and raising the level of quality and efficiency in accordance with the new law. Click Here to view the Executive Regulations Of The Accounting And Auditing Profession Law

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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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