SOCPA Approves the Governing Rules for Accounting Services
In an effort to regulate, license, and control the profession of “accounting services”, SOCPA’s Board of Directors has approved the Governing Rules for Accounting Services, which enables holders of an accounting technician’s certificate to provide their accounting services in accordance with the rules and regulation.
This step aims to enable those qualified to provide accounting services to provide their services in a legal and regulated manner which will contribute to raising the quality of the accounting profession in the Kingdom. It will also allow Small and Medium-Sized Entities (SMEs) to enlist the services of accountants on a larger scale and will ensure that such services are provided within a clear legal framework.
Entities are asked to work on adopting the new rules and correct their situation within three years from SOCPA's decision to adopt the rules starting from 20/5/2022, and in accordance with the corrective mechanism issued by SOCPA.
SOCPA reaffirms its commitment to enabling and supporting the practitioners of the profession by creating a regulatory environment that contributes to achieving their aspirations and helps develop the profession in the kingdom.
To view the Governing Rules for Accounting Services, click here.