"Hadaf" Supports Holders of Financial Fraud Examiner and Public Sector Accounting Standards Professional Certifications
The Saudi Human Resources Development Fund (Hadaf) has approved the Financial Fraud Examiner Certification and the Professional Certification in Public Sector Accounting Standards as part of its professional certifications program. The fund will financially compensate individuals who obtain these certifications to enhance the efficiency and competitiveness of the national workforce in the labor market.
The payment mechanism from the fund is based on the principle of reimbursement to the individual holding the certification according to the costs specified on the "Taqat" website (taqat.sa). Applicants must submit a claim through the website, attaching a copy of the certificate. Once the certificate's validity is verified, the certification costs are transferred directly to the applicant's registered IBAN account.
It is worth mentioning that Hadaf currently recognizes all professional certifications issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA), totaling eight professional certifications. The fund compensates the costs associated with obtaining these certifications as part of the Professional Certification Program launched by Hadaf. This program aligns with other Hadaf initiatives aimed at developing human capital, ensuring professional security, and supporting Saudization efforts in line with labor market requirements and needs.
The Professional Certification Program aims to develop the national workforce professionally, enhance its competitiveness in the labor market, reduce professional exposure, increase the percentage of Saudis in high-value professions, develop their skills, and retrain individuals in specific specializations. It also aims to encourage businesses to offer specialized training accredited by international professional bodies and to incentivize individuals to obtain professional certifications by reimbursing them for the certification costs.