Middle East Insights - The Changing Role of Accounting Professionals in KSA

Why It Matters

These changes aim to bolster investor confidence and market transparency under Saudi Vision 2030, while lowering costs and compliance barriers for small businesses through technology-enabled accounting and new credentialing. Enhanced skills and governance will be critical to attract capital and ensure reliable financial information across the economy.

Summary

Saudi accounting professionals are shifting from traditional bookkeeping to tech-savvy advisors as rapid changes in international standards and the spread of artificial intelligence reshape the profession. Accountants must combine up-to-date mastery of evolving accounting standards with proficiency in AI, data analytics and modern accounting applications, while upholding professional ethics to prevent misuse of automated tools. Regulators are strengthening governance and disclosure requirements—such as loan-source reporting—and promoting AI-assisted audit tools to improve accuracy and transparency. The profession is also expanding practical pathways, including certified bookkeeping licenses, to support SMEs and entrepreneurs with affordable financial reporting services.

Original Description

ICAEW Middle East's interview with SOCPA CEO, Dr. Ahmad bin Abdullah Al-Meghames, where he shares his thoughts on the impact of regulations and AI on the profession.

For more on ICAEW's activities in Saudi Arabia and the Middle East visit https://www.icaew.com/middle-east.