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

The Authority Holds a Meeting to Discuss the Third Edition of the International Financial Reporting Standard for Small and Medium-sized Entities.

الهيئة تعقد لقاء لمناقشة النسخة الثالثة من المعيار الدولي للتقرير المالي للمنشآت الصغيرة والمتوسطة.

No action neededAwareness

The Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, held a meeting on Thursday 13/06/1447 AH (corresponding to 04/12/2025) to discuss the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities. Participants included a member of the IASB and a technical expert from its technical team, along with stakeholders and representatives of relevant supervisory bodies. The meeting was opened by Accounting Standards Board chairman Jihad bin Mohammed Al-Omari, and the Board's initial recommendation on adopting the updated standard had previously been published for stakeholder feedback.

PublishedDecember 11, 2025
Effective
GazetteNot gazetted
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