News - SOCPA

08 Dec 2021

SOCPA organizes a symposium on the impact of AI, cyber-security and big data on the accounting profession

In cooperation with Prince Sultan University (PSU), SOCPA organized a seminar as part of the initiative to align educational outputs with labor market requirements titled "the impact of artificial intelligence, cyber-security and big data on the accounting profession", to discuss how technological developments can impact the accounting and auditing profession, and ways to integrate these developments into educational curricula. The panel discussion was attended by a selection of speak...

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06 Dec 2021

SOCPA Publishes an Electronic Copy of IFRS 2021

SOCPA has published an electronic copy of the International Financial Reporting Standards (IFRS) for the year 2021. The updated version of the IFRS 2021 has already been published on SOCPA's website back in 23 June 2021. As for the physical copies of the standards, SOCPA would like to assure everyone that it will be available at a later date.

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05 Dec 2021

SOCPA Shares its Comments on IASB's Exposure Draft "Management Commentary"

The International Accounting Standards Board (IASB) has published a project to establish requirements for the contents of companies Management commentary, which usually accompanies the financial statements when they are published. SOCPA, represented by its Accounting Standards Committee, expressed its comments on the draft, where it mostly agreed with the content of the draft, in particular with regards to the objectives of the report, which should complement the information on the financial st...

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25 Nov 2021

SOCPA inks a joint cooperation agreement with King Faisal University

SOCPA has recently signed a joint cooperation agreement with King Faisal University (KFU) represented by its College of Business Administration. The agreement lays the foundations for closer cooperation in several professional fields, including: conducting research and consultations related to the educational outcomes of The Bachelor's programs for accounting major, and providing a comprehensive educational and training environment that keeps up with the latest educational developments in th...

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24 Nov 2021

SOCPA Publishes Names of New VAT Specialist Certificate Holders

SOCPA would like to congratulate the recipients of the certificate of a specialist Value-Added Tax (Third Cycle 2020) and wishes them further success in their careers.

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21 Nov 2021

SOCPA makes amendments to the list of violations of professional exams and its related procedures

SOCPA has made amendments to the list of violations of professional exams and its related procedures. The amendments are by the board of Directors Resolution No. 7/2 dated 11-01-1431 H corresponding to 28-12-2009, as amended by the board of Directors Resolution No. 01/12 dated 05-02-1443 H corresponding to 12-09-2021. The aim of the amendments is to raise the quality of professional exams governance and its related controls procedures. To view the amendments Click Here.

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