Article 22 of the Saudi Accounting and Auditing Profession Law
المادة 22 من نظام مهنة المحاسبة والمراجعة
The Law takes effect 90 days after its publication in the Official Gazette, and the Minister issues the Regulations and implementing decisions within 90 days of publication, to take effect with it.
Official text (Arabic)
This article has not been amended since the law was issued.
يعمل بالنظام بعد مضي (تسعين) يوماً من تاريخ نشره في الجريدة الرسمية، ويصدر الوزير اللائحة والقرارات اللازمة لتنفيذه خلال (تسعين) يومًا من تاريخ نشره، ويعمل بها من تاريخ العمل به.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 22 explained in plain English
This article combines two provisions connected with applying the Law:
First: the Law taking effect. The Accounting and Auditing Profession Law takes effect after 90 days have passed from the date of its publication in the Official Gazette.
Second: the Regulations and implementing decisions.
- The Minister issues the Implementing Regulations and the decisions necessary to implement the Law.
- They are issued within 90 days of the date the Law is published.
- They take effect from the date the Law takes effect, so the Regulations and the Law begin at the same time.
This matters because many provisions of the Law refer their details to the Regulations, so their taking effect together prevents a gap in application. The Minister, under his amended definition in Article 1, is a minister who is a member of the Council of Ministers, named by order of the Prime Minister on the proposal of the Council of Economic and Development Affairs.
The text of the article does not state the publication date or the actual date of taking effect, but only sets the rule for calculating it. It is preceded by Article 21, which provides that the Law replaces the Certified Accountants Law issued in 1412 AH. Anyone with a question about the application of the Law in time to particular facts is advised to consult a lawyer specializing in commercial and corporate cases.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 22 of the Saudi Accounting and Auditing Profession Law
When does the Accounting and Auditing Profession Law take effect?
After 90 days have passed from the date of its publication in the Official Gazette.
Who issues the Implementing Regulations of the Accounting and Auditing Profession Law?
The Minister issues them, with the decisions necessary to implement the Law, within 90 days of the date of its publication, and they take effect from the date the Law takes effect.
More articles on Definitions and General Provisions of the Law
- Article 1Amended by M/169
The article defines the key terms of the Accounting and Auditing Profession Law, including the Authority, the Board, the profession, the license, the certified accountant, the Committee and the Minister.
يكون للكلمات والعبارات الآتية –أينما وردت في هذا النظام– المعاني المبينة أمام كل منها ما لم يقتض السياق غير ذلك: النظام: نظام مهنة المحاسبة والمراجعة. اللائحة:
- Article 21
The article provides that the Accounting and Auditing Profession Law replaces the Certified Accountants Law issued by Royal Decree No. M/12 dated 13/5/1412 AH, and repeals everything that conflicts with it.
يحل النظام محل نظام المحاسبين القانونيين، الصادر بالمرسوم الملكي رقم (م / 12) وتاريخ 13 / 5 / 1412هـ، ويلغي كل ما يتعارض معه من أحكام.
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.