With the rapid pace of international business and the widespread acceptance of international standards as a high quality set of standards, the Saudi Organization of Certified Public Accountants has prepared a study to assess the applicability of international accounting standards. Accordingly, the Saudi Organization for Certified Public Accountants From 1/1/2017 for listed companies in the financial market. As for the other companies it shall be effective from 1/1/2018 with the permission of the companies that they wish to apply as of the financial periods beginning on 1/1/2017.
