MoU with SOCPA

FEB 1, 2020

The UAE Accountants and Auditors Association has signed MoU with Saudi Organization of Certified Public Accountants

The UAE Accountants and Auditors Association signed a memorandum of understanding with the Saudi Organization for Certified Public Accountants (SOCPA) during the current Saudi Accountants Forum (SAF), which ends on 2nd February 2020 at the Riyadh International Convention and Exhibition Center.

The memorandum was signed in the presence of His Excellency Riyad Abdul Rahman Al Mubarak, Honorary President of the Emirates Accountants and Auditors Association, and Dr. Majid bin Abdullah Al Qasabi, Minister of Trade and Investment and Chairman of the Board of Directors of the Saudi Organization for Certified Public Accountants, where the agreement was signed by the Association Mr. Saif bin Abed Al Muhairi, Chairman of the Board of Directors and by Dr. Ahmed bin Abdullah Al Maghames, Secretary-General of the Association.

The Memorandum of Understanding aims to exchange experiences in several fields, including developing professional standards, fellowship testing, quality control of professional performance, training and professional development, in addition to holding joint forums and training courses, as well as offering fellowship certificates, exchanging trainers and training.

On this occasion, Al Mubarak said, we are happy to sign a memorandum of understanding with our brothers in the Kingdom of Saudi Arabia, which comes as part of the implementation of the new strategic plan of the association aimed at developing the accountancy profession in the country, and building national cadres through strengthening the association’s work with regional and international organizations concerned with the profession to keep pace with the development in the country in particular and the region in general.

It is worth noting that the forum is a unique platform for companies and offices of accounting, professional bodies, regulatory and supervisory bodies, the public sector and commercial establishments to formulate the concept that the accounting profession can contribute to achieving the Kingdom’s 2030 vision, and the forum has the participation of a distinguished elite of specialists and those interested at the local and international levels to keep pace with the development of the accounting profession, and its utilization in strengthening the elements of the national economy and increasing the attractiveness of investment opportunities in the Kingdom of Saudi Arabia.

The Forum includes 8 participants, 47 international and local speakers and experts, during which they review investment opportunities and future aspirations for everything related to the accounting profession.