SOCPA Publishes the Arabic Translation of the International Standards Issued by the International Auditing and Assurance Standards Board
Saudi Organization for Chartered and Professional Accountants has published the Arabic digital translation of the latest version of the international standards for quality control, auditing, examination, and other assurances and related services. It is the 2021 edition issued by the International Auditing and Assurance Standards Board (ISAAB), which was published by the International Federation of Accountants (IFAC) in December 2022. This version of the standards included some amendments and updates that can be summarized as follows:
- Include the updated version of ISA 315 (updated) “Identifying and Assessing the Risks of Material Misstatement,” which replaced the previous version of the standard.
- Introducing the amendments to all standards as a result of adopting the International Standard on Auditing (315) (the updated).
This edition also includes Audit Standard (600) (updated) “Special Considerations—Audits of Group Financial Statements (Including the work of group component auditors)” which will apply to audit engagements of group financial statements for periods beginning on December 15, 2023, which SOCPA has approved and published earlier.
To facilitate access to the standards, SOCPA has published each standard separately on its website and gathered them in one digital book.
The third chapter of the Arabic standards book includes the "Standard of Consulting Services: Engagements of Providing Forensic Accounting Services", which was Developed and published by SOCPA earlier this year, and is considered one of the publications unique to SOCPA in this field at the global level.
SOCPA encourages all users to check its website regularly for the latest version of the standards and the updates that occur to them over time.
To view the standards separately, click here
To view the digital version of the book, click here