In a move to strengthen the adoption of International Financial Reporting Standards (IFRS) in Saudi Arabia, the Saudi Organization for Chartered and Professional Accountants (SOCPA) has published the complete updated edition of IFRS standards for 2024.
This release, made in partnership with the International Accounting Standards Board (IASB), aligns with SOCPA’s commitment to supporting global financial reporting practices within the Kingdom. The updated edition, effective as of January 1, 2024, incorporates all changes made by the IASB throughout 2023 and is now available on SOCPA’s official website.
To view the complete 2024 edition of the International Financial Reporting Standards as of January 1, 2024, click
here.
For a detailed look at the amendments included in this updated edition, click
here.