News - SOCPA

22 Feb 2021

A Delegation from Prince Sultan University Visits SOCPA

A delegation from Prince Sultan University, represented by the Dean of the College of Business Administration, Dr. Saad Al Mousa, and a number of faculty members visited SOCPA and met with His Excellency the Secretary-General Dr. Ahmed Al Maghamis, the Assistant Secretary-General for Membership and Professional Development Dr. Musab Al Jaid, and the Member of the Education and Training Committee Dr. Musab Al Naim. During the visit, both sides discussed ways of cooperation between SOCPA and the U...

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08 Feb 2021

SOCPA Provides Remarks on the Preliminary Decision of the International Standards Interpretations Committee

The Saudi Organization for Chartered and Professional Accountants provided its opinion on the initial decision of the International Financial Reporting Interpretations Committee of the International Accounting Standards Board related to accounting for amounts paid for preparation or allocation costs in a cloud computing arrangement. In its comment on that initial decision, SOCPA considered that this decision is linked to a decision issued by the Committee in 2019 regarding accountability fo...

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04 Feb 2021

Recipients of SOCPA's Fellowship in the Second Cycle of 2020

The Saudi Organization for Chartered and Professional Accountants offers its warmest and sincere congratulations and to the recipients of SOCPA's Fellowship for the second cycle of 2020, after they passed the needed examinations, and wishes them further success in their professional careers

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02 Feb 2021

SOCPA Invites Interested Parties to Provide Their Views on the Implementation of a Number of IFRS

The Saudi Organization for Chartered and Professional Accountants would like to note that the International Accounting Standards Board issued a document requesting information regarding the application of a number of international financial reporting standards, namely Standard No. 10 “Consolidated Financial Statements”, Standard No. 11 “Joint Arrangements” and Standard No. 12 “Disclosure of Shares in Other Entities", For the purpose of reviewing it to...

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26 Jan 2021

SOCPA Provides Remarks on the Preliminary Decision of the International Standards Interpretations Committee

The Saudi Organization for Chartered and Professional Accountants provided its view on the initial decision of the International Financial Reporting Interpretations Committee of the International Accounting Standards Board regarding how to classify liabilities as current or non-current when there are conditions associated with long-term liabilities such as the requirement to fulfill a certain percentage of working capital to maintain the entity's right to delay payment for a period...

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17 Jan 2021

An Invitation to Share Opinions on FRS Drafts for Entities Entering Bankruptcy Procedures

The Saudi Organization for Chartered and Professional Accountants represented by the Accounting Standards Committee is currently working to provide adequate accounting requirements for the financial report of the entity that enters into bankruptcy procedures according to the bankruptcy law, judicial or voluntary liquidation. According to the procedures adopted by the SOCPA related to the new pronouncements, that these pronouncements are published to the general public, so you will find the draft...

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