SOCPA Professional Forum Explores Firm Establishment Strategies and Industry Challenges
The Saudi Organization for Chartered and Professional Accountants (SOCPA) held the fourth edition of the SOCPA Professional Forum, as part of its ongoing efforts to promote the exchange of professional expertise and build an integrated accounting community.
The forum aims to strengthen communication channels between experienced practitioners in professional firms and certified accountants, in a way that enhances knowledge transfer and reinforces the profession’s role as a key driver of the national economy.
In his opening remarks, Dr. Musab Al-Juaid, Executive Director of Membership and Professional Qualification at SOCPA, stated:
“This forum is a space for inspiration, a platform for dialogue, and an opportunity to turn aspirations into tangible reality. It is a chance to exchange ideas and learn from our collective experiences, as true knowledge is only complete when it is lived and shared, and expertise only yields impact when it becomes the foundation for new achievements.”
The discussion session covered a range of topics, including the pre-establishment phase of professional firms, regulatory requirements, legal structures, business models, and mechanisms for building a client base.
It also explored operational tools, quality management procedures, team building, organizational culture, and the role of technology, digital transformation, and artificial intelligence in enhancing firm efficiency.
Participants emphasized that ongoing professional development and specialized training are essential to improving quality and performance, and to strengthening trust in accounting practices within the Kingdom.
They noted that the forum reflects SOCPA’s commitment to advancing the profession and empowering national talent in the financial and accounting sectors.
It is worth noting that the SOCPA Professional Forum is one of the organization’s key initiatives aimed at promoting accounting knowledge and developing the competencies of industry professionals.