News - SOCPA

28 Dec 2020

SOCPA Shares Remarks on IASB's Paper on Business Combination (Goodwill, and Impairment)

In implementation of its policy to support active engagement with IASB following the transition to international standards, SOCPA represented by its Accounting Standards Committee shared its remarks on IASB's paper on business combinations, discussing the possibility of introducing additional disclosure requirements to provide information to users on the performance of acquired entities so as to hold management accountable for those acquisitions. IASB explored how to account for goodwill, a...

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24 Dec 2020

SOCPA Issues a Manual for Professional Registration and Membership

SOCPA has provided professionals in all economic sectors in the Kingdom of Saudi Arabia the opportunity to be a member of an inclusive professional entity by obtaining the membership thereof. This is in line with international practice, where there are professional bodies supported by the State that develop the profession while observing quality, professional conduct, and ethics. To this end, SOCPA invites all professional to register for its membership to benefit from many of the services of...

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23 Dec 2020

SOCPA Provides a Translation of Accounting Costs - Part 2

SOCPA completed the translation of "Cost accounting – Part II", authored by Sirikant Datar and Madhav Rajan, upon obtaining the approval of the publisher “Pearson Education”. The book is considered an important reference that discussed cost accounting including strategy, balanced measurement of performance, pricing decisions, cost management, cost allocation, client profitability, service departments, joint costs, revenues, as well as range of important topics. ...

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16 Dec 2020

SOCPA Participates in the Annual Meeting of the Asia-Oceania Standard Setters Group during November 23-25

SOCPA, represented by its Accounting Standards Committee, participated in the annual meeting of the Asian-Oceanian Standard-Setters Group held virtually during 23-25 November 2020. SOCPA was represented by its Deputy Chairman of the Accounting Standards Committee Awad Al Ruhaili and Committee member Ihsan Makhdoom. The meeting was held virtually due to the circumstances of Covid-19. The meeting is usually held on an annual basis and hosted by member states alternately. SOCPA invited members to ...

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14 Dec 2020

SOCPA publishes Holders of Technical Accounting Certificate (Second Cycle 2020)

SOCPA would like to congratulate the recipients of the certificate of technical accounting (Second Cycle 2020), wishing them further success in their careers. To view the list of recipients, click here.

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13 Dec 2020

1942 Accountants Apply for SCOPA's fellowship Exam Including 795 Female Accountants

SOCPA's fellowship exam for the second cycle of 2020 began today in cities of Riyadh, Jeddah, Dammam, Makkah, Madinah, Qassim, Tabuk, Al-Ahsa, Abha, Al-Kharj and Al-Majmah, with a total of 1942 applicants, including 795 female applicants. The test aims to examine the applicants' knowledge and the application thereof, in addition to examining the extent of awareness of professional responsibility and behavioral traits an accountant should demonstrate. The number of applicants for...

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