2023 - SOCPA

16 Jul 2023

SOCPA Comments on IASB Exposure Draft: Amendments to the Classification and Measurement of Financial Instruments- P...

The International Accounting Standards Board (IASB) has published the Exposure Draft of Amendments to IFRS 9 "Financial Instruments" and Proposed Amendments to IFRS 7 "Financial Instruments: Exposures" Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by Accounting Standards Council, commented on the Exposure Draft. SOCPA agrees with the proposed amendments that permit an entity to derecognize a financial liability that is settled using an el...

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21 Jun 2023

SOCPA Announces the Names of Recently Certified VAT Specialists

Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate those who have obtained the VAT Specialist Certificate for the second Cycle of 2023, wishing them great success in their careers.

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20 Jun 2023

SOCPA Participates in the Meeting of the Islamic Finance Consultative Group of the International Accounting Standar...

Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Council, participated in the periodic meeting of the Islamic Finance Consultative Group of the International Accounting Standards Board (IASB), which was held via video conference on May 31, 2023. Mr. Ahmed Al-Shniber, a Board Member of the Accounting Standards Council, represented SOCPA in the meeting and presented a paper on accounting for the profit equalization reserve that some fin...

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19 Jun 2023

SOCPA Provides Fellowship Exam Scholarships for 262 Graduates of Saudi Universities

Stemming from the close cooperation that links the Saudi Organization for Chartered and Professional Accountants (SOCPA) with Saudi universities, and from its keenness to support national cadres of accounting graduates, SOCPA is preparing to implement the fellowship exam next August for recipients of scholarships for accounting graduates who, excel academically, to take the fellowship exam. SOCPA launched this initiative as part of the initiatives of the International Conference on Accountancy E...

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18 Jun 2023

SOCPA Publishes the Updated Full Version of IFRS 2023

Among the efforts of Saudi Organization for Chartered and Professional Accountants (SOCPA) to encourage the application of International Financial Reporting Standards (IFRS), and according to the agreement signed with International Accounting Standards Board (IASB), SOCPA published the Updated Full Version of IFRS on its website in 1-1-2023. This version included the amendments made to the standards in 2022 by the IASB. To view the approved updated version of IFRS 2023, click here. To vi...

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07 Jun 2023

SOCPA Announces the Names of Recent Fellowship Holders

Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate those who have obtained the Fellowship Certificate for the 1st Cycle of 2023, wishing them great success in their careers

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