The Accounting Standards Board at the Authority resolves to remove the additional requirement relating to the appointment of an independent qualified valuer

مجلس معايير المحاسبة في الهيئة يقرر إزالة المتطلب الإضافي المتعلق بتعيين مقيّم مؤهل مستقل

The Accounting Standards Board at the Saudi Organization for Chartered and Professional Accountants (SOCPA) decided to remove the additional requirement, previously added when adopting IFRS in the Kingdom from the start of 2017, to appoint an independent qualified valuer when an entity applies the revaluation model for property, plant and equipment or the fair value model for investment property under full IFRS or the corresponding requirements under IFRS for SMEs. The Board made this decision at its meeting held on 29-03-1447 AH corresponding to 21-09-2025, effective from the date of the decision, and the IFRS adoption document in the Kingdom was updated accordingly.

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