2022 - SOCPA

15 Nov 2022

SOCPA Participates in the 4th Regular Meeting of the "Belt and Road" National Accounting Standards Cooperation Foru...

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Board, participated in the fourth periodic meeting held via video conference of the cooperative forum for accounting standards for the Belt and Road countries, initiated by the state of China on November 8, 2022. The agenda of the meeting included a review by the forum countries of several topics of common interest, the most important of which was a review of the experi...

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14 Nov 2022

SOCPA Participates in IASB' Islamic Finance Consultative Group Meeting

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Board, participated in the periodic meeting of the Islamic Finance Consultative Group (IFCG) of the International Accounting Standards Board (IASB), on November 1-2, 2022, in Kuala Lumpur, Malaysia. The meeting agenda included a number of topics related to Islamic finance, the most important of which was the role of Islamic finance institutions in encouraging soci...

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13 Nov 2022

SOCPA Participates in the World Standard-Setters Conference Organized by IASB

The Saudi Organization for Chartered and Professional Accountants (SOCPA) participated in the World Standard-Setters Conference organized annually by the International Accounting Standards Board (IASB), which was held remotely on Monday and Tuesday, 26 - 27 September 2022. Representing SOCPA at the conference was the CEO Dr. Ahmed bin Abdullah Al-Mughams, and the Chairman of the Accounting Standards Board, Mr. jihad bin Mohammed al-Omari. On the agenda of this year's conference was the disc...

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09 Nov 2022

SOCPA and the General Directorate for Combating Commercial Concealment at the Ministry of Commerce conducted severa...

The Saudi Organization for Chartered and Professional Accountants (SOCPA), in partnership with the General Directorate for Combating Commercial Concealment at the Ministry of Commerce, carried out several inspection visits to accounting firms during this week. The visits aim to ensure the compliance of Chartered Accountants with the relevant regulations and decisions. These visits also come as part of the ongoing cooperation between SOCPA and the General Directorate for combating commercial conc...

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08 Nov 2022

SOCPA's Auditing Standards Board Approves IAASB's Amendments to ISA No. 600

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by its Auditing Standards Board has approved the amendments made by the International Auditing and Assurance Standards Board (IAASB) to ISA 600, Special Considerations— Audits of Group Financial Statements (Including The Work of Component Auditors). The Board approved the amendments after completing the procedures for adopting the standard under the Auditing Standards Board Regulation approved by SOCPA&#...

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20 Oct 2022

IFAC Corrects Errors Discovered by SOCPA in the Updated Version of the International Standards on Auditing

In accordance with the agreement signed with the International Federation of Accountants (IFAC), the Saudi Organization for Charted and Professional Accountants (SOCPA) periodically translates several IFAC publications into Arabic, including the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services, and International Code of Ethics for Professional Accountants. So as part of their work, SOCPA's translation department has discove...

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