2023 - SOCPA

15 Mar 2023

SOCPA Participates in Organizing the Intergovernmental Working Group of Experts on International Standards of Accou...

The United Nations Conference on Trade and Development (UNCTAD), represented by the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), in cooperation with Saudi Organization for Chartered and Professional Accountants (SOCPA), has organized an exploratory meeting of the group with representatives of Gulf and Arab countries. In this meeting, a number of Arab professional bodies' heads participated. The meeting was held to discuss how to p...

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15 Mar 2023

SOCPA Issues the Translated Version of the Guide to the First Time Application of the Updated International Standar...

Among the efforts undertaken by the Saudi Organization for Chartered and Professional Accountants (SOCPA) to advance the profession of accounting and auditing and as a part of its support for small and medium-sized offices. Stemming from SOCPA keenness to transfer specialized knowledge from reliable sources, SOCPA has completed the translation and publication of the Arabic electronic version of " the Guide to the First Time Application of the Updated International Standard on Auditing (220)...

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14 Mar 2023

SOCPA Comments on the Exposure Draft of the IFRS for SMEs Accounting Standard

The International Accounting Standards Board (IASB) published the third edition of the International Financial Reporting Standards (IFRS) for small and medium enterprises (SMEs) accounting standard to seek opinions on it. SOCPA, represented by the Accounting Standards Council, shared comments on the exposure draft and the updates that the International Accounting Standards Board (IASB) intends to introduce to the standard in order for its requirements to be in line with the requirements of the I...

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06 Mar 2023

SOCPA Holds a Workshop to Discuss the Project of Updating of the International Financial Reporting Standard for SME...

On Thursday March 2 2023, Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Accounting Standards Council, held a workshop to discuss the project of updating the International Financial Reporting Standard for Small and Medium Enterprises (SMEs) issued by the International Accounting Standards Board (IASB). The project aims to align a number of the standard requirements with the full version of international standards, especially with regard to the updates m...

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01 Mar 2023

SOCPA Participates in IFAC Chief Executives’ Forum

Saudi Organization for Chartered and Professional Accountants participated in the Chief Executives Forum organized by the International Federation of Accountants (IFAC), on Monday and Tuesday 27-28 February 2023. Ms Asmaa Resmouki, IFAC president, gave the opening remarks, and a number of CEOs from international professional bodies participated in the Forum. During the Forum sessions over the course of two days, the challenges facing the profession in attracting and retaining professionals were ...

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15 Feb 2023

SOCPA Organizes a "Brainstorming Workshop" to Advance the Accounting Sector

On February 14 2023, Saudi Organization for Chartered and Professional Accountants (SOCPA) organized a "brainstorming workshop" that brought together a number of SOCPA members of Board of Directors, experts, academics, certified accountants, students, and professionals in the accounting and auditing profession in the Kingdom. This workshop aims to discuss the challenges facing the profession, and come up with major strategic initiatives that have an impact on the accounting and a...

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