Posted by : Saudi Expatriates
Friday, July 10, 2026
Saudi Arabia Refers Former Accountant and a pair of Companies to Prosecution Over Unlicensed Companies
The group stated the violations breach Saudi Arabia’s Accounting and Auditing Occupation Regulation, which requires all practitioners and companies to acquire the mandatory skilled licenses earlier than providing or promoting such companies. Trending: Saudi Arabia Pronounces New Vacationer Visa Bundle for India, Egypt, Indonesia and three Extra Nations
Former Accountant Accused of Issuing Audit Report With no Legitimate License
In response to SOCPA, the previous licensed public accountant had beforehand misplaced his skilled license after it was revoked.
Two Companies Marketed Companies With out Required Licenses
SOCPA additionally discovered that two industrial institutions promoted accounting and auditing companies by their web sites and social media platforms with out acquiring the required skilled licenses.
The group stated companies can not promote or present accounting and auditing companies until they’ve obtained the mandatory authorized authorization.
Violation of Article 10 of the Accounting and Auditing Occupation Regulation
SOCPA defined that these violations fall below Article 10 of the Accounting and Auditing Occupation Regulation.
The legislation makes it a prison offense to mislead the general public by:
➤ Claiming the appropriate to apply the accounting or auditing occupation and not using a legitimate license. Most Seen: Jawazat urges vacationers to make use of Absher Journey service to trigger King Fahd Causeway with out ready
➤ Offering companies whereas holding a revoked or suspended skilled license.
The group highlighted that each one people and corporations should adjust to the legal guidelines, laws and official choices regulating the accounting and auditing occupation in Saudi Arabia.
It famous that accounting and auditing companies can solely be offered or promoted after getting the requisite authorized license.
Public Requested to Confirm Licenses and Report Violations
SOCPA additionally known as on the general public to test the validity {of professional} licenses of accountants and auditing corporations previous to partaking their companies. Learn: Issues to do, if a home staff did not return on Saudi re-entry visa
The group is advising people to look at the listings of licensed practitioners on the group’s official web site and to report any incidents of unauthorized apply or deceptive adverts utilizing SOCPA’s official reporting strategies.
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