2024 - SOCPA

31 Dec 2024

SOCPA Issues 2025 Training Programs Guide

SOCPA has released its comprehensive 2025 training programs guide, outlining all planned accounting and auditing training initiatives for the upcoming year. The guide details programs aimed at both public and private sectors, including preparation courses for SOCPA's professional examinations. It provides complete information about program topics, schedules, locations, and fees. The new guide covers the period of 2025 (1446-1447 H) and serves as a comprehensive resource for all SOCPA trai...

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23 Dec 2024

SOCPA Presents its Views on Developing Examples for Reporting Climate Effects and Other Uncertainties in Financial ...

The International Accounting Standards Board (IASB) has published an exposure draft for developing examples on reporting climate effects and other uncertainties in financial statements. The proposed examples aim to provide guidance on how to apply specific requirements in international standards that enhance the relevance of information presented in financial statements and provide information about such effects within financial statements. SOCPA's Accounting Standards Cou...

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19 Dec 2024

SOCPA Shares Its View on IFRS 19 Amendment

The International Accounting Standards Board (IASB) has published an Exposure Draft to update the recently issued IFRS 19, aiming to align its requirements with updates made to the full version of International Financial Reporting Standards that were adopted after the initial adoption of this standard. SOCPA, represented by its Accounting Standards Council, considered these amendments appropriate and suggested several improvements to the requirements that would reduce the cost for ent...

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15 Dec 2024

SOCPA Publishes Names of New VAT Specialist Certificate Holders

The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate those who earned the VAT Specialist Certification in the fourth cycle of 2024. We wish them continued success and growth in their professional careers. To view the list of certification recipients, click here.

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12 Dec 2024

SOCPA publishes the names of new Accounting Technician Certificate Holders

The Saudi Organization for Chartered and Professional Accountants (SOCPA) is pleased to congratulate those who earned the Accounting Technician Certification in the third cycle of 2024. We wish them continued success and growth in their professional careers. To view the list of certification recipients, click here. {^widget|(videourl)https%3a%2f%2fyoutu.be%2fICWk6M9XK0A|(name)YouTubeVideo|(autoplay)False|(widget_displayname)YouTube+video|(width)425|(he...

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11 Dec 2024

SOCPA Presents Its View on the Proposed Amendment to IAS 21

The International Accounting Standards Board (IASB) has published a limited-scope amendment project to International Accounting Standard 21 "The Effects of Changes in Foreign Exchange Rates." The project aims to simplify procedures for translating financial statements from functional currency to presentation currency in a hyperinflationary economy. The proposal suggests translating all financial statements, including comparative information, at the closing rate at the date of...

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