2021 - SOCPA

12 Dec 2021

SOCPA participates in the Thirteenth Annual Meeting of The Asian-Oceanian Standard-Setters Group

SOCPA, represented by the Accounting Standards Committee, participated in the Thirteenth Annual Meeting of the The Asian-Oceanian Standard-Setters Group (AOSSG), which was held remotely on the 24th of November 2021. Dr. Awad Al-Rahili, vice chairman of the Accounting Standards Committee, and Mr. Ihsan Makhdoom, member of the Accounting Standards Committee, were SOCPA's representatives at the meeting. SOCPA's representatives laid out SOCPA's view on many subjects discussed in ...

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12 Dec 2021

SOCPA Conducts Fellowship Exam for 2140 Applicants in the Third Cycle of 2021

Today Sunday 12th of December marks the beginning of the third Cycle of SOCPA' fellowship exam for 2021 with 2140 examinee, 902 of which are females. The exams were held in 11 cites due to the increase in the number of applicants. Holders of SOCPA's fellowship are exempted from some of ACCA exam subjects and receive a Certified Internal Auditor (CIA) Certification from the Institute of Internal Auditors (IIA). The exam aims to gauge the level of competence of individuals wishing to obt...

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08 Dec 2021

SOCPA organizes a symposium on the impact of AI, cyber-security and big data on the accounting profession

In cooperation with Prince Sultan University (PSU), SOCPA organized a seminar as part of the initiative to align educational outputs with labor market requirements titled "the impact of artificial intelligence, cyber-security and big data on the accounting profession", to discuss how technological developments can impact the accounting and auditing profession, and ways to integrate these developments into educational curricula. The panel discussion was attended by a selection of speak...

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06 Dec 2021

SOCPA Publishes an Electronic Copy of IFRS 2021

SOCPA has published an electronic copy of the International Financial Reporting Standards (IFRS) for the year 2021. The updated version of the IFRS 2021 has already been published on SOCPA's website back in 23 June 2021. As for the physical copies of the standards, SOCPA would like to assure everyone that it will be available at a later date.

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05 Dec 2021

SOCPA Shares its Comments on IASB's Exposure Draft "Management Commentary"

The International Accounting Standards Board (IASB) has published a project to establish requirements for the contents of companies Management commentary, which usually accompanies the financial statements when they are published. SOCPA, represented by its Accounting Standards Committee, expressed its comments on the draft, where it mostly agreed with the content of the draft, in particular with regards to the objectives of the report, which should complement the information on the financial st...

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25 Nov 2021

SOCPA inks a joint cooperation agreement with King Faisal University

SOCPA has recently signed a joint cooperation agreement with King Faisal University (KFU) represented by its College of Business Administration. The agreement lays the foundations for closer cooperation in several professional fields, including: conducting research and consultations related to the educational outcomes of The Bachelor's programs for accounting major, and providing a comprehensive educational and training environment that keeps up with the latest educational developments in th...

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