PwC builds an Academy in Saudi Arabia supporting Vision 2030

The memorandum of understanding was signed in New York City by Minister of Commerce and Investment & Chairman of the SOCPA Board Majid Abdullah Al-Qassabi and Bob Moritz, chairman, PricewaterhouseCoopers International (PwC) on July 1.

The overall objective of the academy will be to support the economic and business objectives of Saudi Vision 2030 and help improve the financial technical acumen within the Kingdom.

Al-Qassabi said: “The signing in PwC’s New York office confirms PwC’s commitment in providing its global capabilities to support Vision 2030.”

Riyadh Al-Najjar, PwC Saudi Arabia’s country senior leader from July 1, commented: “This academy will contribute in building the skills of Saudi professionals and graduates.”

PwC’s academy program will be extended to government employees and graduates from accounting schools, among others, and will focus on the application and adoption of International Financial Reporting System (IFRS), upgrading the knowledge of the private sector and chief financial officers in particular, testing and rehabilitating all licensed accountants on the adoption of IFRS to enable them to audit IFRS financial statements, and support the redesign of SOCPA accounting exams to address the requirements of IFRS.

“Our partnership with the Ministry of Commerce and Investment is a step that reaffirms our commitment to the Kingdom, in alignment with Saudi Vision 2030’s directions. Saudi Arabia’s National Transformation Program will generate more than 450,000 new private-sector jobs by 2020,” commented Rami Nazer, partner ME government and public sector leader at PwC.

PwC’s academy is the educational business of PwC. Its goal is to help improve the knowledge, skills, competence and expertise of people in finance and business.

This article has also been published in: Arab News, Eye of Riyadh, China.org, Zawya.com, Zawya.com - Arabic.