The Authority Holds a Joint Meeting Between Investors in the Kingdom of Saudi Arabia and the International Accounting Standards Board

الهيئة تعقد لقاءً مشتركاً بين المستثمرين في المملكة العربية السعودية ومجلس المعايير الدولية للمحاسبة

The Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, held a joint meeting on 20/10/1447 AH (corresponding to 08-04-2026) between investors in Saudi Arabia and the International Accounting Standards Board (IASB) to discuss presentation of zakat expense in the income statement under IFRS 18, and whether the standard needs amendment on this point. The meeting, opened by Accounting Standards Board Chairman Jihad bin Mohammed Al-Omari, included IASB members and technical experts reviewing different presentation approaches and their implications, and gathered feedback and questions from participating investors.

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