What is the SOCPA Fellowship? And how do you get it?
The SOCPA platform is short for the Saudi Organization for Certified Public Accountants, and it is considered part of Vision 2030, as it is a unique blueprint for reforming the Kingdom of Saudi Arabia. It opens the gates of the kingdom to the outside world.
What is SOCPA?
The Saudi Organization for Certified Public Accountants (SOCPA) is a leading professional body that supervises the accounting and auditing profession in the Kingdom of Saudi Arabia. It aims to improve the practice of the profession and contribute to its development while monitoring the quality of its performance.
The Saudi Organization for Certified Public Accountants (SOCPA) also works to raise awareness of the rules governing practice and to enhance the profession's participation in community service and the national economy. It also works tirelessly to support individuals, organizations and other business-related groups to enhance confidence, increase transparency in financial statements, and protect users and investors alike.
incorporation
SOCPA was established in 1992 as a mandatory membership organization for Certified Public Accountants (CPAs) pursuant to CPA Law No. M12 of 1991 to regulate professional accountants.
Subject to the oversight of the Ministry of Commerce, the Saudi Organization for Certified Public Accountants (SOCPA) is responsible for:
Setting accounting and auditing standards
Define ethical requirements
Administering professional examinations and providing continuous professional development programmes
Approval of CPA offices that can offer training to candidates wishing to fulfill certification requirements.
Establish and operate a quality assurance review system. Investigating and disciplining members of the profession is the responsibility of a committee established by the Ministry of Commerce and including a representative of the Saudi Organization for Certified Public Accountants (SOCPA).
Define ethical requirements
Administering professional examinations and providing continuous professional development programmes
Approval of CPA offices that can offer training to candidates wishing to fulfill certification requirements.
Establish and operate a quality assurance review system. Investigating and disciplining members of the profession is the responsibility of a committee established by the Ministry of Commerce and including a representative of the Saudi Organization for Certified Public Accountants (SOCPA).
Obligations of the Saudi Organization for Certified Public Accountants SOCPA
The Saudi Agency for Certified Public Accountants is supervised by the Ministry of Commerce of the Kingdom of Saudi Arabia, and the Saudi Organization for Certified Public Accountants (SOCPA) is committed to the following:
Develop and maintain accounting and auditing standards
Fulfilling ethical requirements
Providing high quality education
Comprehensive professional examination standards are met
Approval and additionally administer CPA training for interested candidates
Establish a systematic quality assurance audit system for chartered accountants
Fulfilling ethical requirements
Providing high quality education
Comprehensive professional examination standards are met
Approval and additionally administer CPA training for interested candidates
Establish a systematic quality assurance audit system for chartered accountants
Mandatory registration in SOCPA
There are a number of professions that are required to have membership with the Saudi Organization for Certified Public Accountants inside the Kingdom. Among them:
Cost clerk and accountant
Director of Internal Audit
Public Accountant
Financial writer
Internal Auditor
Director of Zakat and Taxes
managers
Finance Manager
Financial auditor
Audit clerks
Financial controllers
Head of internal audit programs
General Accounts Technician
finance audit
Financial reporting manager
Director of Internal Audit
Public Accountant
Financial writer
Internal Auditor
Director of Zakat and Taxes
managers
Finance Manager
Financial auditor
Audit clerks
Financial controllers
Head of internal audit programs
General Accounts Technician
finance audit
Financial reporting manager
What certifications are recognized by SOCPA?
The list of certificates recognized by the Saudi Organization for Certified Public Accountants (SOCPA) is as follows:
Bachelor's degree in Accounting
Master of Accounting
Secondary Accounting Diploma
A certificate of appreciation issued by the Saudi Organization for Certified Public Accountants
Any Bachelor's degree with at least 15 credit hours in accounting. Anyone with less than 15 credit hours can arrange to appear for the exams
Professional accounting certificate from a body accredited by the International Federation of Accountants. For example, CPA from the USA, CICA, CA from Australia and New Zealand, ICAEW, ACCA, ICAP, ICMA from Pakistan, and CMA from the USA. However, these degrees or certificates must be attested by the Saudi embassy in the issuing country.
Master of Accounting
Secondary Accounting Diploma
A certificate of appreciation issued by the Saudi Organization for Certified Public Accountants
Any Bachelor's degree with at least 15 credit hours in accounting. Anyone with less than 15 credit hours can arrange to appear for the exams
Professional accounting certificate from a body accredited by the International Federation of Accountants. For example, CPA from the USA, CICA, CA from Australia and New Zealand, ICAEW, ACCA, ICAP, ICMA from Pakistan, and CMA from the USA. However, these degrees or certificates must be attested by the Saudi embassy in the issuing country.
SOCPA Membership Requirements
Joining the Saudi Organization for Certified Public Accountants as a legitimate and legal member, you need to have:
Passport size photos
Scanned or digital copy of graduation degree
texts
Copy of work permit (residency)
a copy of the passport
Authorization letter from the Saudi Organization for Certified Public Accountants
Scanned or digital copy of graduation degree
texts
Copy of work permit (residency)
a copy of the passport
Authorization letter from the Saudi Organization for Certified Public Accountants
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