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Saudi Organization for Chartered and Professional Accountants (SOCPA) · Press Release

The Authority Issues Its View on the Amendment to International Financial Reporting Standard No. 19

الهيئة تبدي وجهة نظرها في تعديل المعيار الدولي للتقرير المالي رقم 19

No action neededAwareness

The International Accounting Standards Board published a draft update to the recently issued International Financial Reporting Standard No. 19, aiming to align its requirements with updates made to the full version of international standards adopted after the standard's initial version. SOCPA, represented by its Accounting Standards Board, considered the amendments appropriate and proposed a number of improvements to the requirements to reduce cost for applying entities while maintaining a minimum of useful information for users of their financial statements.

PublishedDecember 19, 2024
Effective
GazetteNot gazetted
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