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20250521156

2025

04 Feb 2025

SOCPA Announces the 2025 Student Accounting Case Study Competition

The Saudi Organization for Chartered and Professional Accountants (SOCPA), in collaboration with the Institute of Management Accountants (IMA), has announced the current edition of the "2025 Student Accounting Case Study Competition" for universities across the Middle East and Africa, as part of efforts to enhance knowledge in the field of management accounting.   SOCPA explained that the competition aims to analyze, evaluate, and encourage innovative solutions through teams...

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04 Feb 2025

Council of Ministers Transfers Professional Licensing Authority to SOCPA

The Council of Ministers has transferred the authority for issuing professional accounting and auditing licenses from the Ministry of Commerce to SOCPA, according to a decision announced Tuesday, February 4, 2025. The transfer encompasses licensing for accounting and auditing, non-securities financial consulting, zakat and tax services, and accounting services. SOCPA will now oversee the entire licensing process from application review through issuance, while supervising professional licensee...

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30 Jan 2025

SOCPA Presents Its View on Amending IAS 28

The International Accounting Standards Board has published an exposure draft to amend International Accounting Standard 28 regarding the application of the equity method.  The amendment included requirements related to changes in ownership interest in associates. SOCPA, represented by its Accounting Standards Council, expressed its view on the amendment, indicating agreement with the amendment's approach regarding how to measure the cost of investment in an associate when the investing...

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28 Jan 2025

Names of Professional Certificate Recipients in Government Accounting and Auditing Tracks

SOCPA is pleased to congratulate those who passed the Professional Certificate examination in Government Accounting and Auditing tracks for the first cycle of 2024, wishing them continued success in their professional careers.    

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27 Jan 2025

Names of IFRS Professional Certificate Recipients

​SOCPA is pleased to congratulate those who passed the IFRS Professional Certificate examination for the first cycle of 2024, wishing them continued success in their professional careers.  

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27 Jan 2025

Localization of Accounting Professions to Reaches 70% in Private Sector

The Ministry of Human Resources and Social Development, in partnership with the Ministry of Commerce, has announced a decision to increase the localization rates of accounting professions to 70% in the private sector. This decision is part of efforts aimed at providing more stimulating and productive job opportunities for male and female citizens across different regions of the Kingdom. The decision will be implemented over 5 years beginning October 22, 2025. Private sector establishments w...

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Last Update On: 14 Jan 2025