SOCPA took a series of initiatives to mitigate the financial and economic impact of the crisis so as to support its professionals and entities licensed to practice accounting and auditing. Such efforts are in line with the Kingdom's measures and procedures to address Covid-19; this included deferring collection of annual subscription fees of accounting and auditing offices and entities to the end of 2020, and not enforcing required CPE hours for 2020.
In addition to controls relating to write-off and suspension of membership when defaulting on payment and non-compliance with CPE points until the end of 2020, and extension of periods for annual data submission until the end of the imposed lockdown.
SOCPA's Secretary-General Ahmed Al Mughames stated that SOCPA issued a series of decisions relating to training courses and specialized seminars to conduct such activities virtually, which is in line with government Covid-19 safety measures and supports SOCPA's continued operation.