News - SOCPA

08 Nov 2023

SOCPA Participates in the Third Meeting of the Sustainability Standards Advisory Forum

The Saudi Organization for Chartered and Professional Accountants (SOCPA) participated in the third meeting of the Sustainability Standards Advisory Forum (SSAF) held on October 23, 2023, in Frankfurt, Germany. SOCPA was represented by Dr. Wafa Al-Nasrallah, a member of the SOCPA Accounting Standards Board. The meeting discussed key developments following the issuance of IFRS Sustainability Disclosure Standards 1 and 2, the international interest in these standards, and the potential for aligni...

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29 Oct 2023

SOCPA Organizes Remote Workshop on Sustainability and the Future of ESG Practices with Over 750 Participants

The Saudi Organization for Chartered and Professional Accountants (SOCPA) organized a remote workshop titled "The Future of Environmental, Social, and Governance (ESG) Practices" on Saturday, October 28, 2023. This workshop was part of SOCPA's efforts to enhance awareness and knowledge in sustainability reporting, focusing on the latest global practices and standards. The workshop was presented by Dr. Michael Willis, an Associate Professor and Director of the Executive Master'...

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24 Oct 2023

SOCPA Publishes the Names of New VAT Specialist Certificate Recipients

SOCPA is pleased to extend its congratulations to the recipients of the VAT Specialist Certificate (Third Cycle of 2023). We wish them continued success and prosperity in their professional careers.

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22 Oct 2023

SOCPA Publishes the Names of New Fellowship Certificate Recipients

The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate the recipients of the Fellowship Certificate for the Second Cycle of 2023. We wish them continued success and prosperity in their professional careers

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03 Oct 2023

SOCPA Shares its Comments on the Request for Information Document Published by IASB

The International Accounting Standards Board (IASB) has published a Request for Information document concerning the impairment requirements for financial instruments under IFRS 9 "Financial Instruments", as part of the post-implementation review of the standard. In its response, SOCPA has expressed that although the impairment requirements in the standard lead to the early recognition of credit losses and provide useful information to financial statement users, these requirements incur...

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27 Sep 2023

SOCPA Showcases Saudi Arabia's Experience in AML/CFT to Omani Delegation

On Wednesday, September 20, 2023, a delegation from the Omani Ministry of Commerce, Industry, and Investment Promotion visited the Ministry of Commerce in Saudi Arabia. During this visit, the Saudi Organization for Chartered and Professional Accountants (SOCPA) showcased Saudi Arabia's experience in anti-money laundering and combating the financing of terrorism (AML/CFT) in the accounting sector. Representing SOCPA was the Executive Director of Operations, Mr. Mohammed Al-Ghiehab, who provi...

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