Saudi AccountantsForum SAF

Accounting Profession and Auditing:Future Ambitions

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Riyadh International Convention & Exhibition Center27-29 January 2020.

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His Excellency

Dr. Majid bin Abdullah Al-QasabiMinister of Commerce and Investment

Curated:

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His ExcellencyEng. Ahmad BinSuliman Al-Rajhi

Minister of Labor and Social Development

His Excellency Dr. Hamad Bin

Mohammed Al-ShaikhMinister of Education

His Excellency Mr. Mohammed Bin Abdullah Al-Kuwaiz

Chairman of the Capital Market Authority

Grace:

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Saudi Organization for Certified Public Accountants (SOCPA) holds the Saudi Accountants Forum (SAF) on 27-29 January 2020 under the auspices of H.E. Minister of Commerce and Investment Dr. Majid bin Abdullah Al Qasabi in Riyadh, Saudi Arabia.SAF is considered to be the first of its kind in the Middle East, and it is held at Riyadh International Convention & Exhibition Center for three days full of activities and programs.The forum represents a unique opportunity for services firms, professional bodies, regulatory bodies, public sector, and commercial entities to fully understand the role of the accounting and auditing profession in realizing Saudi Vision 2020. Participating in the forum is an elite group of domestic and international professionals, consolidating the Kingdom’s role in keeping up with the latest developments in the accounting and auditing profession and its commitment to harness it to enhance the economy and attract investment.

Brief info on the Forum

Why this Forum?

1. Keeping up with the latest developments in the accounting and auditing field as well as the financial sector.

3. Connecting stakeholders and specialists together, and discussing common challenges through interactive sessions.

5. Highlighting the role of accounting and auditing in fighting corruption

2. Showcasing and rethinking the technical professional skills needed in accountants.

4. Highlighting the role of the accounting profession in the kingdom’s economic growth and in driving investments.

6. Recognizing the new trends in accounting and information systems.

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Forum’s Agendas:

Forum events:

Sessions Workshops Exhibition Interactive Stage

1. The Role of Financial Data in Enhancing Investment Environment.

3. Transitioning to Accrual Accounting in Government Bodies.

5. Educational Outcomes and Market Requirements: Reality and Ambition.

7. Technology in the Financial Sector: Revolution and Challenges.

2. International Professional Bodies: Developments and Improvements.

4. Islamic Financial Transactions and Accounting.

6. The Regulatory Environment of the Financial Professions in Saudi Arabia.

8. The Ethical Framework in the Accounting Profession.

09:00 - 16:00 10:00 - 18:00 09:00 - 20:00 16:00 - 20:00

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Sessions:There will be 8 sessions over 2 days involving 47 international and local speakers. These sessions will focus on discussing and overviewing investment opportunities and future aspirations for the accounting and auditing profession.

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Mr. Ibrahim S. Al-Suwail Deputy Gov of Investors-Services & Advisory

Mr. Hans Hoogervorst Chairman of the International Accounting Standards Board(IASB) J

Mr. Musaad A. Sayouhi General Manager Planning, Budgeting & Perf Management CenterSaudi Aramco

Dr. In-Ki Joo President of the International Federationof accountants (IFAC)

Mr. Bader Bin MoharibCertified Public Accountant

DR. Ahmed A. Al-MeghamesSecretary, General of SOCPA

Mr. Abdullah Bin Ghannam CMA Deputy, Listed Companies& Investment Products

Dr. Nurmazilah D.Mahzan

CEO, Malaysian Institute of Accountants (IASB)

Mr. Nabil A. Al-Mobarak CEO, SIMAH Saudi CreditBureau

Mr. Omar M. Ansari Secretary-General, Accounting and Auditing Organization for Islamic Financial Institutions

Discussion

Discussion

Coffeebreak

Zuhr prayerbreak and lunch

First day

First day

TuesdayJanuary 28, 20209:00 - 10:30

TuesdayJanuary 28, 202010:30 - 12:00

Mr. Mohammed S. Al-Rumaih

Dr. Mohammed Fida Bahjatt

Chief of Markets (Tadawl)

Certified Public Accountant

Session Moderator

Session Moderator

The Role of Financial Data in Enhancing Investment Environment. The session will discuss the role of financial data in enhancing the local investment environment and attracting foreign investment. It will also discuss how the accounting profession can perform a supporting role in attracting investors in order to understand the implications of the new roles which require the presence of transparent financial data.

International Professional Bodies: Developments and Improvements The session includes various presentations by leading international bodies in regulating the accounting and auditing profession. The presentations will revolve around their professional message and future work.

First session

Second session

(AAOIFI)

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H.E. Mr. Abdulaziz Al-Furaih Chairman of the high steering committee of transition from cash basis to accounting accrual basis in the public sector, Ministry of

Dr. Mohamed S.Al-Usaimi

General Supervisor of Almaqased Economic Advisory

Mr. Mike Blake Deputy Chair, The International Public Sector Accounting Standards Board

Dr. Sami I. Al-Suwailem Deputy Director, Islamic Research and Training Institute - (IRTI)

Mr. AhmedM. Al-Jegheman

Consultant and Executive Officer of the electricity sector Ministry of energy

Mr. Omar M. Ansari Secretary-General, Accounting and Auditing Organization forIslamic Financial Institutions (AAOIFI)

Mr. Thomas Müller-Marqués Berger Partner, Ernst & Young

Mr. Waleed A. Temairik Certified Public Accountant

Mr. Lahim H. Alnaser Consultant in Islamic finance

Discussion

Discussion

Coffeebreak

Coffeebreak

First day

First day

TuesdayJanuary 28, 202013:00 - 14:30

TuesdayJanuary 28, 202014:30 - 16:00

Prof. Ihsan S.Al-Mutaz Dean, College of Business

Administration Umm Al Qura University

Session Moderator

Transitioning to Accrual Accounting in Government Bodies.The session sheds a light on the accrual accounting transition project and its procedures which aim to enhance government’s accounting transparency.

Islamic Financial Transactions and Accounting The session will highlight the major developments in accounting for Islamic finance transactions, it will also discuss adapting Islamic accounting standards with international accounting standards.

Third session

Fourth session

Session Moderator Dr. Ramzi S. Al-Zaid

General Supervisor of the General BudgetDepartment, Ministry of Education

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Mr. Bader A. Al-Haddab Undersecretary for Polices and Regulation Affairs, Ministry of Commerce and Investment

Mr. Burhan Aldeen Jayah President of the Saudi AramcoBusiness Academy

Dr. Hamid H. Meera CEO of the Saudi Center for Commercial Arbitration

Dr. Fahdah S. Al-Sudairi Associate Professor, KingAbdul Aziz University

Mr. Sami M. Al-Shorafa Director of Financial StatementsAnd Auditors, CMA

Dr. Mohammed A. Al-Abbas Member of the Shura Council

Mr. Majid A. Al-Rashid Secretary, General of the bankruptcy committee

Mr. Soltan J. Al-Jorais Director General of Saudi Authority for AccreditedValuers, (TAQEEM)

Discussion

Discussion

Coffeebreak

Zuhr prayerbreak and lunch

WednesdayJanuary 29, 20209:00 - 10:30

WednesdayJanuary 29, 202010:30 - 12:00

Mr. Fahad M. Al-TameiCertified Public Accountant

H.E. Dr. Hossam A. Zaman President of the Education andTraining Evaluation Commission

Dr. Musab S. al-Naim

Mr. Jihad M. Al-Amri

Head of the accounting department, King Faisal

University.

Certified Public Accountant

Session Moderator

Session Moderator

Educational Outcomes and Labor Market Requirements: Reality and AmbitionThe session sheds light on the current state of the market for the accounting profession and auditing. It will also cover the requirements and future for the improvement of the profession, building skills for accounting graduates, discovering and exploring preemptive measures for universities to prepare graduates and help them join the market and participate in the growth of the economy.

The Regulatory Environment of The Financial Professions in Saudi Arabia.The session will highlight the many roles professional accountants take, in addition to showcasing the accounting laws and regulations by the relevant authorities and the roles of these authorities.

Second day

Second day

First session

Second session

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Dr. Khaldoun A. Hutaibat Faculty Member, King AbdulazizUniversity

Ms. Lamia S. Al-RasheedCertified Public Accountant

Mr. Khalil I. Al-SudaisCertified Public Accountant

Ms. Nujood S. Al-Mulek CEO, Fintech Saudi

Dr. Yasir A. FallatahCertified Public Accountant

Dr. Hisham M. Al-Sughair CEO, Saudi Digital Academy

Mr. Faisal H. Al-Hamoudi Chief of Financial SystemsDepartment, Saudi Aramco

Mr. Turki A. Al-LuhaidCertified Public Accountant

Discussion

Discussion

Coffeebreak

WednesdayJanuary 29, 202013:00 - 14:30

WednesdayJanuary 29, 202014:30 - 16:00

Mr. Khaled M. BhagatCertified Public Accountant

Dr. Stavros Thomadakis Chairman, International Ethics Standards Board forAccountants (IESBA)

Saleh F. Al-Zaid

Mr. Ahmed M. Al-Shinqiti

Head of Cloud Computing and Artificial Intelligence -

Microsoft SA

Head of internal audit, Saudi Telecom Company (STC)

Session Moderator

Session Moderator

Fintech: Revolution and ChallengesThe session will showcase the latest and most critical applications and trends in the accounting profession and auditing. It will also cover the challenges facing financial executives in the modern age and will give an overview of the best tech-based practices available for companies.

International Code of Ethics for Professional AccountantsThe session will focus on the major updates and changes in the accounting ethics as well as the new version of the Handbook of the International Code of Ethics for Professional Accountants, and the Kingdom’s adaptation and application of the Code of Ethics and international standards.

End of the Conference

Second day

Second day

Fourth session

Third session

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Workshops:There will be 24 workshops presented by 22 specialists in several areas throughout two days. The sessions aim to consolidate the best practices related to the fields of accounting and auditing, exchange experiences and represent networking opportunities for specialists and interested stakeholders.

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TuesdayJanuary 28, 2020

12:00 ـ 10:00 18:00 ـ 16:00

Mr. Abdullah Al-KebreshExecutive Head of Internal Audit, Saudi Railways Company (SAR)

Dr. Khalid Al-MohannaFaculty MemberImam Muhammad Ibn Saud Islamic University

Risks and Internal Auditing Techniques

Reorganization of Financial and Administrative Systems for companies

SABIC Hall

SOCPA Hall

Mr. Ali Al-NasserCertified Public Accountant

Zakat Base for Commercial Entities

Mr. Mohammad Al-MotairyFinancial Solutions Specialist, SAAB

How to Use Technology in Auditing and Accounting

12:00 ـ 10:00 15:00 ـ 18:0013:00 ـ 16:00

Dr. Abdullah Al-ShwishDirector General of Bankruptcy ProceduresBankruptcy Commission

Mr. Nasser Al-ShayaDirector of Legal AffairsBankruptcy Commission

Legal Qualification in the Field of Bankruptcy

First Day

15:00 ـ 13:00

Mr. Taha FerdaousPartner, Mazars Audit & Consulting

CPA s role and main diligences regarding AML framework

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TuesdayJanuary 28, 2020

12:00 ـ 15:0010:00 ـ 13:00

Mr. Mauro TrabattiDirector, AlixPartners

Mr. Saleh Al-YahyaCertified Public Accountant

Early Indicators for Predicting Financial Bankruptcy

Result of Quality and Controls Test (Performance Improvement)

12:00 ـ 10:00

Mr. Muhammad F ShafiAnalyst AccountingSaudi Aramco

Mr. Youssef Al-YoussefFinancial Analyst,Saudi Aramco

International Financial Reporting Standard 16

Overview of Professional Certificationsin Accounting and Finance

CMA Hall

Aramco Academy Hall

18:00 ـ 16:00

18:00 ـ 16:00

Mr. Alaa Abu NabaaInternal Audit Specialist

Recent Trends in Coordination Between Internal and External Regulatory Bodies

First Day

15:00 ـ 13:00

Mr. Imraan MohamedAccounting Analyst

Mr. Mubeen BurneyAccounting Analyst

Overview - Governance, Risk and Control

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Mr. Mauro TrabattiDirector, AlixPartners

Early Indicators for Predicting Financial Bankruptcy

SABIC Hall

SOCPA Hall

12:00 ـ 10:00 15:00 ـ 13:00

15:00 ـ 13:00 18:00 ـ 16:00

18:00 ـ 16:00

Second Day

Mr. Alaa Abu NabaaInternal Audit Specialist

Mr. Abdullah Al-JabrCertified Public Accountant

Dr. Abdullah Al-ShwishDirector General of Bankruptcy ProceduresBankruptcy Commission

Mr. Ahmed AlkoblanGeneral Authority of Zakat and Tax

Mr. Nasser Al-ShayaDirector of Legal AffairsBankruptcy Commission

Mr. Hassan AlasmaryGeneral Authority of Zakat and Tax

Recent Trends in Coordination Between Internal and External Regulatory Bodies

The Road to Building a Successful Accounting Firm

Legal Qualification in the Field of Bankruptcy

Zakat guideline and procedures

WednesdayJanuary 29, 2020

11:00 ـ 10:00

Tasks and Functions of the General Secretariat of Tax Committees

Ms. Dalia Al-YamiTax Analyst

Mr. FahadAl-QasomiHead of VAT and Excise Tax Department

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12:00 ـ 10:00

12:00 ـ 10:00

15:00 ـ 13:00

15:00 ـ 13:00 18:00 ـ 16:00

CMA Hall

Aramco Academy Hall

Second Day

Mr. Abdullah Al-KebreshExecutive Head of Internal Audit, Saudi Railways Company (SAR)

Mr. Ahmad KayenAccounting AnalystSaudi Aramco

Dr. Jashua Bamfo Transfer Pricing Strategic Expert

Andersen Global

Mr. Sami Abu KhamsinAccounting Consultant Saudi Aramco

Mr. Kamal M BatnigiAccounting Specialist Saudi Aramco

Risks and Internal Auditing Techniques

Controller’s Role in the Procurement Process

Transfer Pricing

Capital Program ; Structure, Funding and Control

Financial and Accounting Risks

Wednesday January 29, 2020

Mr. Mohammad Al-MotairyFinancial Solutions Specialist, SAAB

How to Use Technology in Auditing and Accounting

18:00 ـ 16:00

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Exhibition:The exhibition will see the participation of many key organizations, including governmental bodies, Saudi universities, local and international professional bodies, and partners from the private sector. Each will present the services they have to offer from technical solutions to financial and accounting services. The exhibition will also include a space for consultations, contests, and an interactive open stage where professional talks will be held. There will also be a special corner for the Accounting Museum and a panoramic booth for SOCPA Fellowship and other various activities.

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Exhibition

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Interactive Stage:An open stage where a series of professional talks and conversations will be held with several SOCPA officials and accounting & auditing experts. The stage will also be used to showcase success stories and to hold a special contest.

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60Minutes

16:00 - 17:00

90Minutes

18:30 - 20:00

60Minutes

17:15 - 18:15

ForumsVisitors

Mr. Alwaleed Al-KhayalCertified Public Accountant

Dr. Ahmed Al-MeghamesSecretary-General, SOCPA

Mr. Mohammad Al-GhihaebAssistant Secretary-General, SOCPA

Mosaab Al-juaidAssistant Secretary-General, SOCPA

Ms. Layla Al-KhalifaCertified Public Accountant

4 O’clock with

SOCPA

Event Title Speakers Description Duration

Boost your Career

Success

A conversation on the secrets to success in obtaining professional certificates, how they enhance your investment and professional opportunities, as well as how they enhance your chance of holding leadership positions.

A figurative educational trip where questions relating to the profession are asked to groups of contestants. The winner will be awarded a free scholarship to enter the SOCPA Fellowship Examination and the SOCPA VAT Specialists Examination.

An open conversation between SOCPA officials and the professionals. The conversation will cover many of the SOCPA-related technical topics that are of interest to accountants and are of particular importance to the profession. The event will be concluded with a Q&A between the visitors and the speakers.

First Day TuesdayJanuary 28, 2020

Your Pathway to

a Professional Qualification

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60Minutes

16:00 - 17:00

90Minutes

18:30 - 20:00

60Minutes

17:15 - 18:15

ForumsVisitors

Mr. Abdullah Al-KebreshExecutive Head of Internal Audit

Saudi Railways Company , SAR

Dr. Ahmed Al-MeghamesSecretary-General, SOCPA

Dr. Abdulrahman Al-RazeenAssistant Secretary General for Standards

Mosaab Al-juaidAssistant Secretary-General, SOCPA

Mr. Dhari Al-Shammari Director-General, General

Department of Internal AuditCapital Market Authority , CMA

4 O’clock with

SOCPA

Event Title Speakers Description Duration

Career Development Map

for Professional Internal Auditors

Extensive talk on internal auditing’s recent trends and their role in enhancing performance development.

A figurative educational trip where questions relating to the profession are asked to groups of contestants. The winner will be awarded a free scholarship to enter the SOCPA Fellowship Examination and the SOCPA VAT Specialists Examination.

An open conversation between SOCPA officials and professionals. The conversation will cover many of the SOCPA-related technical topics that are of interest to accountants and are of particular importance to the profession. The event will be concluded with a Q&A between the visitors and the speakers.

Second Day WednesdayJanuary 29, 2020

Your Pathway to

a Professional Qualification

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registration

registration Link

https://saf.socpa.org.sa

Socpa_ksawww.socpa.org.sa920009493

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