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Saudi Gazette report
RIYADH — The Saudi Organization for Chartered and Professional Accountants (SOCPA) announced the launch of two professional certificates in the fields of financial fraud examination and accounting standards for the public sector.
This is part of the organization’s continuing efforts to enhance integrity and transparency in regulatory agencies and various establishments in the public and private sectors. SOCPA is a professional body pioneering and overseeing the accounting and auditing profession in Saudi Arabia.
The Financial Fraud Examiner certificate aims to measure the competence of applicants who seek to obtain a financial fraud examiner certificate, and to evaluate their familiarity with the theoretical knowledge and professional skills necessary to examine fraud operations and financial investigation procedures. The certification exam covers many topics related to financial fraud such as financial statement fraud, asset misappropriation, corruption, conflicts of interest, and other types of financial fraud, in addition to combating financial fraud and advanced investigation in this field.
The categories of applicants eligible for the test also include holders of a bachelor’s degree or any higher qualification in the specializations of accounting, economics, administrative sciences, law and regulations from recognized universities and colleges, in addition to holders of professional certificates recognized by SOCPA, and fellowship certificates issued by accredited international professional bodies..
The Professional Certificate for the Accounting Standards in the Public Sector aims to measure the competency of applicants, who wish to obtain it, in the accounting standards approved in the Kingdom for the public sector and the extent of their familiarity with the theoretical knowledge of those standards, the availability of practical skills and the ability they have to apply them. It is also meant to measure the extent of their awareness of professional responsibility and the requirements that they must have adopted in performing their duties in everything related to its application.
The test covers public sector accounting standards at six levels, and targets the qualified category of holders of a bachelor’s degree or any higher qualification in the specified specializations. It also includes holders of professional certificates recognized by the organization, and fellowship certificates issued by recognized international professional bodies.
