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10 Apr 2021
109 university faculty members participated in these workshops. SOCPA Continues to Hold Workshops for the Initiative to Harmonize Educational Outcomes with Labor Market Requirements. The Saudi Organization for Chartered and Professional Accountants, in partnership with Prince Sultan University, organized a "virtual" workshop entitled International Standards for Financial Reporting in Universities Curricula presented by Prof. Dr. Muhammad Nur Al Nabi (Head of Accounting Depart...
07 Apr 2021
Under the patronage of His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al Qasabi, Chairman of the Board of Directors of the Saudi Organization for Chartered and Professional Accountants, SOCPA signed a memorandum of understanding with the Institute of Chartered Accountants in England and Wales (ICAEW) aimed at establishing a joint cooperation relationship between them in the field of the accounting and auditing profession. This MoU establishes closer cooperation in several profes...
06 Apr 2021
The Local Content and Governmental Procurement Authority and the Saudi Organization for Chartered and Professional Accountants concluded the first version of the qualifying program for auditing and reviewing the percentage of local content in private sector entities. The program aims to transfer the necessary knowledge and skills and empower national professionals in the field of auditing the ratios of local content, with it being a new field in Saudi Arabia. The qualifying program for auditing...
03 Apr 2021
The Saudi Organization for Chartered and Professional Accountants is pleased to congratulate those who have obtained the Accounting Technician Certificate (First Cycle 2021), wishing them more success in their careers.
30 Mar 2021
The Saudi Organization for Chartered and Professional Accountants shared its opinion on the draft amendment by the International Accounting Standards Board on IFRS 16, which includes setting requirements for measuring lease liabilities in sales with re-leasehold transactions. The amendment is based on considering the variable rent - which does not depend on a rate or indicator - as part of the lease liabilities, and the lessee is required to estimate and include it in the lease liabilities....
25 Mar 2021
The Saudi Organization for Chartered and Professional Accountants is pleased to congratulate those who have obtained the VAT Specialist Certificate Certificate (First Cycle 2021), wishing them more success in their careers.