ACCA has expanded its partnership with the Saudi Organization for Chartered and Professional Accountants (SOCPA) to offer all SOCPA members exemptions to seven exam papers for the ACCA Qualification.
This collaboration, which is designed to further support the accountancy profession in the kingdom, means SOCPA members are now exempt from over half of the 13 papers needed to achieve ACCA status. They can now become ACCA members by completing the remaining six ACCA papers.
ACCA completed the accreditation for SOCPA papers during a recent visit to the body’s offices in Riyadh, following a rigorous syllabus review that aligned the SOCPA papers to the ACCA exam papers.
The exempt papers are:
- Business and Technology
- Management Accounting
- Financial Accounting
- Corporate and Business Law
- Performance Management
- Financial Reporting
- Audit and Assurance.
‘ACCA accreditation and the extended exemptions are the result of the success achieved by the fellowship of SOCPA,’ said Ahmed bin Abdullah Al-Meghames, secretary general of SOCPA. ‘It reflects the progress that the accounting and auditing profession has reached in the kingdom.’
SOCPA stated that these developments are the result of the directives it had set towards building cooperation and partnership with international professional bodies.
