Are you aware of the changes required by the Saudi Organization for Certified Public Accountants (SOCPA) for companies in the Kingdom to adopt IFRS? The answer is probably yes. But you may not be aware of the specific standards within IFRS relating to employee benefits accounting, and specifically IAS 19R. All companies must adhere to IAS 19R as part of the SOCPA requirements to account for their end of service employee benefit liabilities.
We encourage you to download the Employee Benefit Accounting Requirements in Saudi Arabia Brochure for information on how Mercer can support you with your employee benefit accounting requirement and ensure you are 100% compliant with IFRS across all your financial entries and statements.
Please complete and submit the form below to download the brochure.