Posted by : Saudi Expatriates
Saturday, July 11, 2026
Saudi Arabia: As much as 5 Years Jail and SR2 Million Fantastic for Unlicensed Accountants
Ismail Sadilani, a specialist in business regulation, stated the Saudi Accounting and Auditing Regulation supplies for extreme penalties towards anybody who conducts the occupation of accounting or auditing and not using a license. Most Considered: India among the many first 6 nations eligible for Saudi Package deal Visa
SR2 Million Fantastic and As much as 5 Years in Jail
Sadilani informed Information Channel that anybody doing accounting or auditing and not using a correct license could also be:
➤ A nice of as much as SR2 million
➤ Or one of many two penalties because the case could also be
“The penalties are designed to safeguard the occupation and guarantee that solely certified and licensed professionals are providing accounting and auditing companies,” he said.
Deceptive the Public Is Additionally a Violation
Sadilani stated the regulation doesn’t solely punish unlicensed follow but additionally criminalizes actions that mislead the general public.
Violations embrace:
■ Claiming or promoting the suitable to follow accounting or auditing with out holding a legitimate license.
■ Pretending to be licensed to follow the occupation when the license has been suspended or revoked. Advisable: Jawazat calls to take the total advantage of on-line Absher Journey service
■ Publishing or offering false or deceptive info associated to skilled companies.
■ Giving incorrect or inaccurate information which will deceive purchasers or the general public.
SOCPA Refers Violators to Public Prosecution
The Saudi Authority for Auditors and Accountants (SOCPA) introduced that it has taken authorized motion towards:
• A former licensed public accountant whose skilled license had been revoked.
• Two business institutions that marketed accounting and auditing companies with out acquiring the required authorized license.
SOCPA said that the suitable authorized procedures have been accomplished and the instances have been despatched to the Public Prosecution for vital motion. See Additionally: Fines on expired iqamas in Saudi Arabia
Saudi Arabia Continues to Implement Skilled Licensing Guidelines
The present transfer is a continuation of Saudi Arabia’s efforts to control the accounting and auditing occupation and management the follow of unlicensed folks or firms within the provision {of professional} companies. Authorities have warned that training and not using a correct license or misrepresenting skilled abilities to the general public may end in severe authorized penalties together with jail, heavy fines and prosecution.
Copyright ©
SAUDI EXPATRIATES
The income we earn from adverts is used to handle this web site.
Please whitelist our web site to proceed.
