News - SOCPA

11 Dec 2023

SOCPA Approves Amendment to "Presentation and Disclosure Standard for Financial Statements of Non-Profit Organizati...

SOCPA, represented by the Accounting Standards Board, has approved an amendment to the Presentation and Disclosure Standard for Financial Statements of Non-Profit Organizations. This approval follows the established SOCPA procedures for updating standards, which included conducting a survey of local realities, international best practices, and the perspectives of interested and specialized parties. Workshops were held with relevant entities, specifically the General Authority for Awqaf and the...

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06 Dec 2023

SOCPA Discusses Joint Cooperation with Saudi Anti-Fraud Association

On Monday, December 4, 2023, SOCPA received a delegation from the Saudi Anti-Fraud Association to discuss ways of joint cooperation in the field of financial fraud prevention. This meeting is part of SOCPA's efforts to collaborate with other entities in combating financial fraud and raising community awareness about the risks of financial fraud and how to combat it to protect the public interest. During the meeting, SOCPA and Anti-fraud Association discussed ways to exchange expertise...

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05 Dec 2023

SOCPA Announces Two New Professional Certificates in Financial Fraud Examination and Public Sector Accounting

SOCPA has announced the launch of two professional certificates in the fields of Financial Fraud Examination and Public Sector Accounting Standards, as part of its ongoing efforts to promote integrity and transparency in regulatory bodies and various public and private sector institutions. The "Financial Fraud Examiner Certificate" aims to assess the competence of applicants seeking this certification by evaluating their theoretical knowledge and professional skills necessary for ex...

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04 Dec 2023

SOCPA Publishes the Names of New Accounting Technician Certificate Recipients

SOCPA is pleased to congratulate the holders of the Accounting Technician Certificate for the third cycle of 2023. We wish them continued success and prosperity in their professional careers.

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16 Nov 2023

SOCPA and KWAAA Sign MoU to Develop the Accounting and Auditing Profession

SOCPA has signed a Memorandum of Understanding (MoU) with the Kuwait Accountants and Auditors Association (KWAAA) to explore cooperation in developing the accounting and auditing profession and related fields between Saudi Arabia and Kuwait. The MoU was signed by the CEO of SOCPA, Dr. Ahmed bin Abdullah Almeghames, and the Chairman of KWAAA, Mr. Sabah Mubarak Al-Jallawi. The MoU includes several areas of cooperation between SOCPA and KWAAA, most notably the exchange of expertise in organizing ...

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13 Nov 2023

SOCPA Participates in the Emerging Economies Group Meeting of the International Accounting Standards Board in South...

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Board, participated in the periodic meeting of the Emerging Economies Group of the International Accounting Standards Board (IASB), held from October 30-31, 2023, in South Africa. SOCPA was represented at the meeting by Board members Mr. Ali Al-Basri and Dr. Wafa Al-Nasrallah. The meeting discussed several IASB projects, including the Primary Financial Statements project, which aims...

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