Saudi Accounting Body Warns Against False Statements, Refers Seven Entities to Prosecution

SOCPA warning: False statements and misleading information lead to 5-year jail and SR2 million fine

RIYADH —The Saudi Organization for Certified Public Accountants (SOCPA) has referred seven individuals and entities to the Public Prosecution since the beginning of this year for their suspected involvement in various types of offenses. This was after initial monitoring and investigation procedures revealed that they committed offenses falling under the crimes stipulated in Article 10 of the Accounting and Auditing Profession Law. The SOCPA warned that falsifying or providing misleading infor...

By Saudi Gazette report