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Why companies in Saudia Arabia are not implementing IFRS & IAS and hiring those people who do not have any professional qualification.

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Question added by Farhad Ali , Accountant , AL Aaly holding
Date Posted: 2014/07/13
omar almousa
by omar almousa , Special office , Office of the Mashhor Aedeibat of Accounting and Auditing

I agree with answer Mr. Muhammad Zubair HAKIIM KHAn

and thanks

 

عمر سامي
by عمر سامي , مدير حسابات , البنك العربي

I don't know .....

TThank you for ask me

ahmed rawabdeh
by ahmed rawabdeh , Accountant & Auditor , الشركه الهندية الاردنية للكيماويات

 

I with answer Mr fetah

MUHAMMAD ZUBAIR HAKIIM KHAN
by MUHAMMAD ZUBAIR HAKIIM KHAN , Director "Audit & Compliance" , Pakistan Defence Officers Housing Authority

This perception May be based on Your little and very limited vision

KSA needs Practical having Broad vision with Intellectual think, we name it Something like Out of the Box

Beverley Carls
by Beverley Carls , Deputy Director: Executive Support , Department of Economic Development

Any person with Skills and vast experience should be given oppotunity to apply, no matter what qualification, if you have no experience in a field you might mess up.

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

I With Answer Mr Mohammed Khawaja

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Any Place has international companies will ask for professional accountants and will apply the accounting  standards even for themselves or to report to their headquarters.

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Not all companies & not all sectors 

There are  some big companies in KSA  are looking for IFRS & IAS 

I think the reasons of not looking  for   IFRS & IAS 

* - High salaries required 

* - Thinking  no need to  IFRS & IAS  qualification 

* -  Unknowing of the importance of  IFRS & IAS 

* - Most companies  local  not global

* - Easy islamic  taxes system 

Mohammed Thiab
by Mohammed Thiab , Founder / Chief Consultant , MV Consulting

Are you talking about government sector in Saudi Arabia ?  or private sector ?

I am NOT sure of the status of what you are asking about, but I know that regulated industries like banking and telecom follow the regulations, mandates and guidelines placed by the regulatory organizations for these industries as in the case of commercial banks following SAMA regulations 

Deleted user
by Deleted user

Well, May be you've not complete information regarding the recruitment of employees. But I think the multinational companies and well known companies are not practicing as you described.

In other hand

It's simple that professional persons required more salary packages than unprofessional persons.

 

Unfortunately, some companies don't even know the values, services and benefits of professionals in their firms

Deleted user
by Deleted user

This is totally wrong statement, I believe most qualified accountants can be found in Saudi Arabia

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