SOCPA publishes series of booklets to help with IFRS transition

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18 Aug 2016

The Saudi Organization for Certified Public Accountants (SOCPA) has approved an IFRS Transition Plan by which listed entities other than banks and insurance companies would be required to report under IFRSs as adopted by the SOCPA as off 2017. (Banks and insurance companies already report under IFRSs.) To facilitate the transition, the SOCPA has published a series of booklets in the Arabic language that indicate the most important requirements for the preparation of financial statements when applying international standards for the first time and explain the most important differences between IFRSs and the standards currently applied in Saudi Arabia.

Please click for the Arabic language press release on the SOCPA website announcing the series and providing ordering information.

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