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2025

08 Aug 2025

SOCPA Board approves amendments to the Governing Rules for Accounting Services

Acting under its authority and in coordination with the Ministry of Commerce, the Board of Directors of the Saudi Organization for Chartered and Professional Accountants (SOCPA) has approved a set of amendments to the Governing Rules for Accounting Services.  The amendments cover Article (1), Article (6), and Article (17), as follows:  Article (1): Delete the definition of “Ministry,” add a definition of “Board of Directors,” and amend the definition of &ldquo...

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04 Aug 2025

SOCPA launches the “Murakhass” platform

The Saudi Organization for Chartered and Professional Accountants (SOCPA) has launched the “Murakhass” platform to advance the digital transformation of the professional licensing services provided by the Organization. The step aligns with Council of Ministers Resolution No. (571) dated 05-08-1446 AH, which transferred the authority to issue licenses for the following professions—accounting and auditing, financial advisory (non-securities), zakat and tax services, and accountin...

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01 Aug 2025

New amendments approved to the Implementing Regulations of the Law of the Profession of Accounting and Auditing

His Excellency the Minister of Commerce and Chairman of the Board of Directors of the Saudi Organization for Chartered and Professional Accountants (SOCPA), Dr. Majid Al-Qasabi, issued a decision amending paragraphs (4) and (5) of Article (6) of the Implementing Regulations of the Law of the Profession of Accounting and Auditing. The new amendments stipulate that SOCPA will review license applications that are complete with all required information and attachments, and that the Organization wil...

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30 Jul 2025

Over 15,000 Accountants Qualified by SOCPA in the First Half of 2025

As part of the Saudi Organization for Chartered and Professional Accountants’ (SOCPA) efforts to support and develop accounting talent, SOCPA announced figures reflecting its work in professional training and certification during the first half of 2025. A total of 6,284 trainees participated across the public and private sectors in the first half of 2025 (H1 2025). SOCPA also delivered 91 training courses on topics related to the accounting and auditing profession, as part of its efforts ...

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28 Jul 2025

Request for Feedback on the Draft Regulation for Non-Securities Financial Advisory Profession

The Saudi Organization for Chartered and Professional Accountants (SOCPA) announced the release of the draft Regulation of the Non-Securities Financial Consulting Profession on the National Competitiveness Center’s public consultation platform “Istitlaa,” to invite the public and interested parties to share comments and suggestions before final approval. This initiative follows a Council of Ministers decision that gave SOCPA authority to license and oversee several advisory pr...

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27 Jul 2025

SOCPA Welcomes IAASB's Narrow-Scope Amendments on External Expert Use

The International Auditing and Assurance Standards Board (IAASB) has published proposed narrow-scope amendments to its international standards. These amendments aim to align with changes the International Ethics Standards Board for Accountants has made to the International Code of Ethics for Professional Accountants regarding the use of external experts' work. SOCPA, through its Auditing Standards Board, has welcomed the IAASB's efforts to create better alignment and consistency between...

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Last Update On: 14 Jan 2025