Seminars in Saudi Arabia focus on IFRS convergence

04/29/2014 | Zawya.com (Dubai, United Arab Emirates)

Company executives attended a series of seminars in Saudi Arabia to address the Kingdom's convergence to International Financial Reporting Standards. Banks and insurers already report under IFRS in Saudi Arabia, and the Saudi Organization for Certified Public Accountants has approved a plan requiring listed entities other than banks and insurers to report under converged standards. SOCPA announced last year that listed entities would be required to adopt IFRS by 2017, and all other entities by 2018.

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Zawya.com (Dubai, United Arab Emirates)