Business · Companies · 7 hrs ago
Saudi Arabia ranks first among G20 countries in auditing and accounting practices
Saudi Arabia ranked first among the G20 countries covered by an index measuring auditing and accounting practices.
The ranking reflects changes to the kingdom’s accounting profession over the past decade, alongside reforms linked to Vision 2030.
More than 300 reforms have changed laws, procedures and professional practices.
The index is part of the World Competitiveness Yearbook 2026, issued by the International Institute for Management Development.
Saudi Arabia placed ninth globally among the countries and economies included in the index, behind Denmark, Ireland, Taiwan, Austria, Iceland, Switzerland, Singapore and Hong Kong.
Strong auditing and accounting can help investors assess opportunities, lenders evaluate risks and businesses make decisions.
SOCPA’s 2026–2030 strategy will focus on quality, compliance and international recognition of professional membership.
Saudi Arabia ranked first among the G20 countries covered by the Auditing and Accounting Practices Index.
The ranking reflects the quality of professional practices in the Kingdom’s business environment and changes in its accounting sector.
The Saudi Organization for Chartered and Professional Accountants said in June that Saudi Arabia ranked ninth globally among countries and economies covered by the index.
The sector has recorded more than 300 legal, procedural and professional reforms.
The organization’s 2026–2030 strategy aims to further improve practice quality and professional compliance.
- Who
- Saudi Arabia and its accounting sector.
- What
- Saudi Arabia ranked first among the G20 countries covered by the Auditing and Accounting Practices Index.
- When
- The story was published on October 22, 2026; the global ranking was announced in June.
- Where
- Saudi Arabia.
- Why
- The sources link the ranking to reforms and improvements in legislation, professional standards, skills and oversight.
This story does not have two clearly opposing sides.
SOCPA announced that Saudi Arabia had advanced to ninth place globally among countries and economies covered by the index.
Saudi Gazette and Okaz reported that Saudi Arabia ranked first among the G20 countries covered by the index.
- G20 ranking
- First among covered G20 countries
- Global ranking
- Ninth among covered countries and economies, announced in June
- Reforms
- More than 300 legal, procedural and professional reforms
- Strategy period
- 2026–2030
- Index source
- World Competitiveness Yearbook 2026, issued by IMD