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 views on what has been put forward by the International Council, particularly with regard to the environment of Saudi Arabia and the needs of users of financial statements for information on entities applying the international standard for small and medium-sized entities.
We hope that the observations and visuals on that document will reach a maximum of before 7-8-1441 AH corresponding to 31-3-2020 ad. And send them on e-mail razeena@socpa.org.sa