2022 - SOCPA

18 Oct 2022

SOCPA Releases the Arabic Translation of the Latest Version of the Handbook of International Quality Control, Audit...

The Saudi Organization for Chartered and Professional Accountants (SOCPA) has released the Arabic translation of the latest version of the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services published by the International Auditing and Assurance Standards Board (IAASB). This version of the handbook has included some amendments and updates, which can be summarized as follows: 1- Amendments to all standards for the purpose of reconcil...

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13 Oct 2022

SOCPA's Audit Standards Board Adopts Revised Version of ISA 600 and First Draft of Consulting Services Standard "En...

The Auditing Standards Board at the Saudi Organization for Chartered and Professional Accountants (SOCPA) held its second meeting for its 8th session on 11-10-2022 at SOCPA's headquarters. Mr. Badr bin Ibrahim bin Muhareb chaired the session, with the presence of all members of the Board. The Board adopted the revised ISA 600 "Special Considerations— Audits of Group Financial Statements (Including The Work of Component Auditors)." The Board took this decision after ...

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09 Oct 2022

SOCPA Shares Its Comments on IAASB Exposure Draft Regarding amendments to ISA 700 and ISA 260

The International Auditing and Assurance Standards Board (IAASB) published an exposure draft regarding narrow-scope amendments to ISA 700 and ISA 260 concerning disclosure of independence requirements when auditing public interest entities (PIEs). The amendments are meant to align audit standards with the amendments the International Auditing and Assurance Standards Board (IAASB) is working on, which aim to set different ethical requirements (including independence requirements) for au...

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05 Oct 2022

SOCPA Organizes a Workshop on IFRS S1 & S2 Drafts

SOCPA, in cooperation with the Ministry of Finance, held in its headquarters on the 5th of October a workshop on International Sustainability Standards (ISS). Many government agencies participated in the workshop, namely the Ministry of Finance, Ministry of Environment Water & Agriculture, Ministry of Investment, Saudi Central Bank, Capital Market Authority, and representatives from accounting firms. The workshop started with a speech by his excellency the CEO of SOCPA, Dr. Ahme...

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29 Sep 2022

Names of new SOCPA fellowship holders for the second cycle of 2022

SOCPA is pleased to congratulate all new holders of its fellowship certificate for the second cycle of 2022. We wish them more success in their careers.

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14 Sep 2022

SOCPA Publishes On Its Website The Full Updated Version Of IFRS 2022

As part of its continuous efforts to support the application of International Financial Reporting Standards in Saudi Arabia, SOCPA has issued the complete updated version of the approved standards for 2022 and made it available on its website. Click here to view the updated full version of the International Financial Reporting Standards for the year 2022.

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