Asharqia Chamber presents its best
regards and informs you of the receipt of the letter of the Council of the Saudi Chambers No. (2671) date 3/11 / 1438, referring to the
letter of the Saudi Organization for Certified Public Accountants No.
(2017/18815) dated 1/11/1438 on the adoption of the International Standard
for Financial Reporting No. 16, Lease
"and IFRIC 22" Transactions in foreign currency and deferred or
received prepayment in accordance with the procedures adopted by the Saudi
Organization for Certified Public Accountants, after studying the legal,
regulatory and technical aspects. This document can be found at
/ socpa / international-standards / approved.aspx, which included the decision
to adopt each individual standard and additions (if there is any) that are part of the
of international standards in the Kingdom.