2025

08 Jul 2025

SOCPA issues the electronic Arabic edition of the full updated version of the International Financial Reporting St...

SOCPA issues the electronic Arabic edition of the full updated version of the International Financial Reporting Standards (2025) As part of the efforts of the Saudi Organization for Chartered and Professional Accountants to support the application of international financial reporting standards in the Kingdom of Saudi Arabia, and in accordance with the agreement signed with the International Accounting Standards Board, SOCPA issued the Arabic edition of the full updated version...

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07 Jul 2025

SOCPA: 126% increase in professional licenses issued during the past five years

Saudi Organization for Chartered and Professional Accountants: 126% increase in professional licenses issued during the past five years In an achievement that reflects the impact of the strategic transformation of the accounting sector, the Saudi Organization for Chartered and Professional Accountants announced an increase of 126% in the number of professional licenses issued over the past five years, compared to the total issued since the Organization was established m...

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01 Jul 2025

Unlicensed practitioners referred to the Public Prosecution

As part of its oversight efforts to control the quality of professional performance and improve accounting and auditing practices, the Saudi Organization for Chartered and Professional Accountants conducted field visits to address a number of reports related to individuals and entities practicing accounting and auditing illegally within the Kingdom. These efforts resulted in the referral of a number of cases to the Public Prosecution to complete legal procedures against violators. This step c...

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30 Jun 2025

SOCPA expresses its point of view in the advisory paper issued by (IESBA) on considerations of auditor independence...

The International Ethics Standards Board for Accountants (IESBA) has published an advisory paper to survey public views on considerations of auditor independence when reviewing the financial statements of investment funds and pension funds. In the published paper, the Board explained the distinctive nature of funds compared to traditional business enterprises, including their importance to a wide range of stakeholders and the fact that their activities (functions and services) are usua...

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18 Jun 2025

The CEO of SOCPA participates in the second meeting of the IFAC Conference

The Saudi Organization of Chartered and Professional Accountants participated, represented by His Excellency CEO Dr. Ahmed bin Abdullah Al-Mughmas in the second meeting of the International Federation of Accountants Conference for the year 2025. The meeting was held via video call over 3 days, during the period June 4 - 6, 2025. The agenda of the meeting witnessed a discussion regarding on accounting profession and its future, and it also reviewed the latest developments in the profess...

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17 Jun 2025

SOCPA participates in the second meeting of the Accounting Standards Advisory Forum (ASAF) of the International Acc...

The Saudi Organization for Chartered and Professional Accountants participated in the second meeting of the Accounting Standards Advisory Forum of the International Accounting Standards Board (ASAF), held via video call on May 28th, 2025 The Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, participated in the second meeting of the Accounting Standards Advisory Forum of the International Accounting Standards B...

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SOCPA issues the electronic Arabic edition of the full updated version of the International Financial Reporting St...

SOCPA: 126% increase in professional licenses issued during the past five years

Unlicensed practitioners referred to the Public Prosecution

SOCPA expresses its point of view in the advisory paper issued by (IESBA) on considerations of auditor independence...

The CEO of SOCPA participates in the second meeting of the IFAC Conference

SOCPA participates in the second meeting of the Accounting Standards Advisory Forum (ASAF) of the International Acc...