2020 - SOCPA

25 Feb 2020

In the margins of the Saudi Accountants Forum, the authority signed a number of agreements

SOCPA and the Education and Training Evaluation Commission have signed a memorandum of understanding to strengthen the ties between the two highly respected organizations and to establish a framework for cooperation between the two bodies to identify and adopt ways to coordinate tasks between them. This memorandum establishes closer cooperation in several professional areas, including conducting research and consulting on educational outcomes, and participating in the evaluation of Bachelor'...

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16 Feb 2020

Request for feedback on how to update the International Financial Report Standard for small and medium-sized entiti...

SCOPA wishes to note that International Accounting Standards Board issued a request for information about updating method of IFRS for small and medium-sized entities. Through this document, The International Council wishes to know the point of view those interested on how to update the standard and whether it is preferable to update based on the updates to the full version of the international standards. SCOPA, represented by the Accounting Standards Committee, hopes to provide it with view...

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05 Feb 2020

SOCPA organizes Saudi Accountants Forum

Under the patronage of His Excellency the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi, SOCPA organized the Saudi Accountants Forum "SAF" in its first edition, under the slogan "Accounting and auditing career aspirations of the future". During the period 27-29 January 2020. The Saudi accountants Forum, which is held at the Riyadh International Convention and Exhibition Center, has achieved a large attendance, with more than 33,000 visitors ...

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05 Feb 2020

SOCPA expresses its view on the decision of the commission for the interpretation of international standards concer...

SOCPA participated in the decision of the International Accounting Standards financial report Interpretation Committee of the International Accounting Standards Board on how to account for payments when players move between clubs, in which that committee decided that the requirements of the current standards were sufficient and there was no need to issue an explanation. In its response to International Committee’s decision, SOCPA considers that both requirements of IAS 2 “invent...

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26 Jan 2020

SOCPA makes its point in one of the decisions of the international standards explanations Committee on training cos...

SOCPA participated in the decision of the International Accounting Standards Explanations Committee of the International Accounting Standards Board regarding training costs associated with contracts with clients, in which the committee decided that the requirements of the current standards were sufficient and there was no need to issue an explanation. In its response to the International Committee’s decision, SOCPA believes that the requirements of IAS 38 “Intangible Asset...

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