المملكة: Without a license… referring establishments and individuals providing accounting services to the Public Prosecution

Violating auditors and accountants

The authority explained that what was published on social media platforms and websites was followed and monitored, in addition to the official reports it received from individuals and various entities.

Two commercial institutions were arrested for advertising the provision of accounting and auditing services without obtaining a regulatory license.
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An office was also seized that prepared a headquarters and raised a signboard to practice the activity without obtaining a regular license, in addition to an individual making a claim via a platform. "X" He is a (certified public accountant).

Commitment of all practitioners

This step comes within the framework of the Authority’s keenness to regulate the profession and ensure that all practitioners adhere to the provisions of the Accounting and Auditing Profession Law and its executive regulations, and these actions have been monitored.

This is in accordance with Article 10 of the law, which criminalizes misleading the public by any means that suggests that the violator has a right. Practicing the profession without obtaining a regular license, or if the license is canceled or suspended, and the penalty for the perpetrator of such practices is imprisonment for a period of up to five years, and a fine of up to two million riyals, in accordance with the provisions of the law.

Protecting the profession from irregular practices

The Authority confirms its keenness to protect the profession from irregular practices, and calls on everyone to commit to obtaining the necessary licenses before practicing. The profession, in order to preserve the quality of professional performance and community confidence in accounting services.

It also calls on all individuals and establishments to verify the regularity of professional service providers through its website, which allows the public to inquire about licensees.

The Authority stressed that protecting the profession and ensuring the competence of practitioners represents one of its basic foundations, stressing its intention Continue to monitor the sector, and take the necessary measures to ensure the quality of the outputs and the reliability of the competencies working in it, in a way that contributes to protecting the national economy.