📍Our Chair, Tom Seidenstein, recently visited Saudi Arabia to engage with leaders from the Capital Market Authority (CMA), the Ministry of Finance, and the audit and accountancy profession. These discussions focused on strengthening the audit ecosystem in Saudi Arabia and across the region.
We’d like to extend our heartfelt thanks to:
🌟 Capital Market Authority:
· Chairman Mohammed ElKuwaiz (pictured)
· Deputy of Supervision Sami Alshorafa
· Deputy of Financing & Investment Abdullah Binghannam
🌟 Ministry of Finance, Saudi Arabia:
· Abdulaziz S. AlFuraih, Chairman of the Steering Committee and Senior Advisor to the Minister
During his visit, Tom also had the opportunity to meet with many of leaders at the Saudi Organization for Chartered and Professional Accountants (الهيئة السعودية للمراجعين والمحاسبين SOCPA), including:
· Dr. Ahmad Al-Meghames, SOCPA CEO
· Dr. Abdulrahman Alrazeen, Executive Director - Professional Standards
· Dr. Yasser Alnafisah, Consultant, Professional Standards Department
· Mr. Yaseen Al Boloushi, Director, Professional Performance Quality Control Department
· Mr. Kashif Farooqi, Consultant, Professional Performance Quality Control Department
· Mr. Badr bin Muharib, Chairman, Auditing Standards Board
· Mr. Al-Waleed Al-Khayal, Member, Auditing Standards Board
· Mr. Asim Al-Hatami, Member, Auditing Standards Board
· Mr. Abdulaziz Al-Mazrou, Member, Auditing Standards Board
· Dr. Ahmed Al-Munif, Member, Auditing Standards Board
· Mr. Jihad Al-Amri, Chairman, Accounting Standards Board
· Mr. Ihsan Makhdoom, Vice-Chair, Accounting Standards Board
· Dr. Azzam Al-Suhaibani, Member, Professional Ethics Committee
Lastly, a special thank you to IAASB member Sami Alshorafa for his instrumental efforts in organizing these impactful discussions.
Together, we’re building stronger connections and fostering collaboration to advance adoption of our standards and enhance trust and confidence in markets.