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SOCPA Membership in KSA: 5 Things You Need to Know

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If you are an accountant operating from Saudi Arabia, you already know what SOCPA is all about. If you are not familiar, however, this article addresses all of your SOCPA membership questions. So, let’s jump right into it.

SOCPA is short for The Saudi Organization for Chartered and Professional Accountants. It is a part of Vision 2030, a unique blueprint to reform Saudi Arabia. It is opening up the doors of Saudi Arabia to the outside world. This organization was set up in 1992 and is now a mandatory registration platform for Certified Public Accountants (CPAs). 

Although this organization requires the registration of all the accountants working within the Kingdom, it is especially obligatory for ex-pats. All ex-pats working in Saudi Arabia as accountants can only apply for iqama or its renewal if they are members of this platform.

The Ministry of Commerce, KSA, oversees SOCPA. It pledges to keep up with particular financial standards in the industry. SOCPA commits to:

  1. Setting and maintaining accountancy and auditing standards
  2. Fulfilling ethical requirements
  3. Delivering professional quality education
  4. Meeting the thorough professional examination standards
  5. Approving, in addition to administering CPA training to interested candidates
  6. Establishing a systematic quality assurance review system for CPAs

Therefore, SOCPA is not just any organization. It guarantees the training and discipline of new CPAs and the quality control of older ones. And that, of course, is a need rather than a want in today’s bustling, industrialist society.

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  1. Bachelor’s degree in accounting 
  2. Master’s degree in accounting
  3. Secondary accounting diploma
  4. A SOCPA-issued certificate of recognition
  5. Any bachelor’s degree with at least 15 credit hours in accounting. For anyone who has credit hours less than 15 can arrange to appear for exams
  6. A professional accounting certificate from a body approved by the IFAC. For instance, CPA from the USA, CICA, CA from Australia and New Zealand, ICAEW, ACCA, ICAP, ICMA from Pakistan, and CMA from the USA. However, these degrees or certificates have to be attested by the Saudi Embassy of the issuing country.
SOCPA-Membership

Read more: Qiwa Sets a Limit to Foreign Nationals Working in the KSA Private Sector

SOCPA ensures that all accountants and financial specialists operating in the Kingdom have adequate training and are legal. Hence, you can expect a good amount of paperwork to get behind. To become a legit member of SOCPA, you should have:

  1. Passport size photographs 
  2. A scanned or digital copy of the graduating degree 
  3. Transcripts
  4. Copy of the work permit (iqama)
  5. Copy of nationality passport
  6. A SOCPA authorization letter

The SOCPA registration process is relatively straightforward. We have explained the process in detail below, so it should be a breeze!

  1. Visit the SOCPA website and select the last option, New User.
  2. Secondly, fill in all the SOCPA registration information on the form. This includes your full name, email address, phone number, and iqama number.
  3. Activate your account through your email and log in.
  4. As soon as you have logged in, select the option Membership and Professional Registration. Once a drop-down menu appears, choose the first option of Membership Request.
  5. This option will take you to a new form with four subdivisions.
  6. Step 1: The first one is about your membership info, so read everything carefully. Then, select Next. Any fee for the process is non-refundable.
  7. Step 2: The second page is about your existing qualifications. Select your degree, name of graduating university & country, GPA, and profession as stated on the iqama. Fill in everything correctly and click Next.
  8. Step 3: The third step requires you to upload all your necessary documents for SOCPA, as mentioned above. To clarify, for the authorization letter, download it from the website, sign it, and upload it again.
  9. Step 4: This step processes your payment details. This is SR 525 for the certificate validation fee (payable once only) and SR 315 for the annual registration. That makes a total of SR 840. You can pay this via debit, credit card, or SADAD.
  10. Once you have applied and completed the payment process, you can select the paid bill option from the drop-down menu on the payment division. Here, you will find the invoice for the transaction.
  11. Step 5: Once you have successfully registered, SOCPA will issue you a provisional accountant technician certificate. You can select the Membership and Professional registration and then go on the Dashboard to download this certificate. If you need any official work done for your iqama, like renewal, this certificate will aid the process.
  12. Step 6: Once SOCPA verifies your documents and is satisfied, they will issue you a certificate of Associate Membership. This ultimately concludes your registration process, ending with you becoming a permanent member in their records. This time may vary from 4-6 months but depends on many things and hence cannot be accurately specified.