The Authority Approves Limited Updates Related to the Term "Publicly Traded Entities"

الهيئة تعتمد التحديثات المحدودة المتعلقة بمصطلح "المنشآت المتداولة علناً"

The Saudi Organization for Chartered and Professional Accountants (SOCPA), through its Auditing Standards Board, approved the international release containing limited updates to the term "publicly traded entities" across the International Standards on Auditing, the International Standards on Quality Management, and the International Standard on Review Engagements (2400), for application in the Kingdom. The update, issued by the International Auditing and Assurance Standards Board (IAASB) as part of joint efforts with the International Ethics Standards Board for Accountants (IESBA) to enhance consistency between professional and ethical standards, adopts the term "publicly traded entities" as defined in the International Code of Ethics in place of the term "listed entities," to distinguish certain requirements between publicly traded entities (formerly listed) and other entities (formerly non-listed).

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