The International Federation of Accountants (IFAC) praised SOCPA for its role in the development of accounting education and the quality of educational outputs for university education in the kingdom.
The federation recommended replicating the SOCPA experience in the Arab countries and benefiting from it as a leading professional organization in the region.
The federation also proposed holding a regional meeting that brings together the countries of the Middle East to unify the efforts towards the development of accounting education and to keep pace with the rapid developments in the profession.
These statements were made during a meeting that brought together representatives from IFAC with the Executive Director of Membership and Professional Qualification Dr. Musab Al-Jaid, as well as Dr. Musab al-Naim, Member of the Education and Training Committee, and the Executive Advisor Mr. Abdul Mohsen al-Zaben.
The two sides discussed ways to develop accountancy education, highlighted the achievements and challenges of adopting International Education Standards (IES) in accountancy education in the kingdoms.
SOCPA has launched a series of initiatives and projects to develop the accounting sector and the quality of education, including the initiative to align educational outputs with the labor market requirements, which resulted in a series of projects, seminars, forums, and focus groups to consolidate and improve accounting educational practices and apply international best practices in this aspect.
SOCPA is working to develop a model educational curriculum in accordance with the best international recommendations to meet the needs of the labor market and the aspirations of stakeholders and will be presented to universities to adopt it. It will contribute to raising the quality of accounting education, increase the number of qualified graduates, enable economic sectors to obtain appropriate accounting and auditing services, and keep pace with the speed of social, economic, and technical developments and changes at the local and global levels.
It should be noted that SOCPA has provided a translation of the best international educational courses; a useful reference for students of accounting and will raise the level of knowledge and necessary skills and all other means of professional development necessary to increase the employment opportunities of graduates of accounting departments and localization of the profession.