Preparing Saudi accountants to audit insurers
Wednesday, 04 05 2017, Category: Insurance and Reinsurance, Country: Saudi Arabia
Dr. Ahmed bin Abdullah Al-Meghames, Secretary General of the Saudi Organization for Certified Public Accountants (SOCPA) revealed that there is project to be launched jointly with the Saudi Arabian Monetary Authority “SAMA” in order prepare accounting firms in the Kingdom to audit and review financial firms (Banks and Insurers) operating in the Kingdom.
Moreover, Dr. Al-Meghames said that the project will start with better-prepared auditors according to indicators set and agreed upon by the accounting organization and SAMA.
Additionally, a consulting team will be launched order to assess the preparedness of auditing firms during this project.
Source: Al Eqtisadia