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News

16 Jan 2024

Exemption for SOCPA Fellows from Some EAAA Exams

Given the international recognition that the Saudi Organization for Chartered and Professional Accountants (SOCPA) has received, the Emirates Association for Accountants & Auditors (EAAA) has announced an exemption for SOCPA fellows from several qualifying exams for EAAA fellowship. This exemption is based on EAAA's acceptance of the SOCPA fellowship as one of the recognized professional certifications. The exempted exams include two out of three tests: the Accounting Standards test and...

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08 Jan 2024

Adoption of Technology-Related Revisions to the International Code of Ethics for Professional Accountants

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Committee for Professional Ethics, has adopted the technology-related revisions made by the International Ethics Standards Board for Accountants (IESBA) to various parts of the International Code of Ethics for Professional Accountants. These amendments are part of IESBA's efforts to enhance the relevance of the Code to practical requirements and developments in the professional accountants' wor...

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07 Jan 2024

SOCPA Adopts Amendments on Public Interest Entities Definition

SOCPA has adopted the amendments made by the International Ethics Standards Board for Accountants (IESBA) concerning the definition of Public Interest Entities (PIEs) in the International Code of Ethics for Professional Accountants. These changes are part of a broader project by the International Federation of Accountants (IFAC) to provide more clarity to concepts such as "Public Interest Entities", "Entities of Significant Public Interest", and "Listed Entities" o...

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04 Jan 2024

SOCPA Approves Amendments on Engagement Team and Group Audits Definitions

The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Professional Ethics Committee, has approved amendments made by the International Ethics Standards Board for Accountants (IESBA) to the definitions of the Engagement Team and Group Audits in the International Code of Ethics for Professional Accountants. These amendments are part of IESBA's efforts to enhance the alignment of the Code's requirements with updates to the International Standards on ...

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03 Jan 2024

SOCPA Approves Amendment to Quality Management Sections

  The Saudi Organization for Chartered and Professional Accountants (SOCPA), represented by the Professional Ethics Committee, has approved an amendment made by the International Ethics Standards Board for Accountants (IESBA) to the sections related to quality management in the International Code of Ethics for Professional Accountants. The primary aim of this amendment is to clearly align and harmonize the ethical requirements in the Code with the international standards for quality manag...

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03 Jan 2024

SOCPA Publishes Names of VAT Specialist Certificate Recipients

  ​The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate the recipients of the VAT Specialist Certificate (Fourth Cycle for 2023), wishing them continued success and progress in their professional careers.

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Last Update On: 01 Jul 2021