SOCPA and IESBA to hold a regional workshop on the ethical impact of technology on the accounting profession
The Saudi Organization for Chartered and Professional Accountants (SOCPA), in collaboration with the International Ethics Standards Board for Accountants (IESBA), will hold a virtual workshop about the ethical impact of technology on the accounting profession on September 1, 2021. This workshop will bring together leaders and experts in the accounting and auditing fields from both the public and private sectors
SOCPA’s Chief Executive Officer, Dr. Ahmed Almeghames said, “This workshop will be attended by a group of outstanding professionals and specialists in accounting and auditing as well as regional governance and legislative officers. It is a sign of our interest and commitment to the continuing development of the accounting and auditing profession, communication and interaction with the international community, and support of the IESBA’s initiatives that are designed to reflect considerations and requirements of national and regional practices into the international framework of ethics.”
“Through this workshop, SOCPA aims to raise awareness about the work developments of IESBA and enrich the debate about the IESBA’s initiative to explore the ethical impact of technology on the accounting profession”, Almeghames added.
“I applaud SOCPA and its leadership for hosting this important workshop for their members and I thank all the dedicated professionals that made this collaboration a possibility,” said Dr. Stavros Thomadakis, Chairman of the IESBA. “I look forward to the valuable feedback from the region on the impact of technology on ethical standards and ethical behavior.”
It is noteworthy that SOCPA’s Board of Directors has recently approved the endorsement document of the international code of ethics. This is a paradigm shift in promoting the quality of accounting and auditing practices in the KSA and enhancing their consistency with the international practices. That endorsement supplements the process of transition to the international standards, including accounting, auditing, quality management and ethics standards. In doing so, SOCPA seeks to bring more confidence to users of financial statements and establish international relations that contribute to the programs of the Saudi Vision 2030.