As part of SOCPA’s Project for the transition to International Accounting and Auditing Standards, from January 2017 Saudi Arabia will move towards International Financial Reporting Standards (IFRS). The transition represents a key milestone in Saudi Arabia’s economic development and will lay the foundation for a more transparent and robust business environment. However the question remains, how will the introduction of this new financial reporting framework impact companies operating in Saudi Arabia? And what role would technology play during this transition?
Download this report to learn more about the challenges that these companies will face in 2017, and how technology can facilitate to streamline this transition.
