Saudi Arabia ranks first among G20 in auditing and accounting quality
The kingdom achieved ninth place globally in the Auditing and Accounting Practices Index, part of the World Competitiveness Yearbook 2026.
At a glance
- Saudi Arabia ranked first among G20 countries in auditing and accounting practices quality
- The kingdom placed ninth globally in the Auditing and Accounting Practices Index
- Over 300 reforms have been implemented in the accounting sector in the past decade
- Changes align with Saudi Vision 2030 and cover legislation, standards and skills development
Saudi Arabia ranked first among G20 countries in the Auditing and Accounting Practices Index, according to an announcement by the Saudi Organization for Chartered and Professional Accountants (SOCPA). The kingdom placed ninth globally in the index, which is part of the World Competitiveness Yearbook 2026 issued by the International Institute for Management Development.
The accounting sector has undergone more than 300 reforms over the past decade covering legal, procedural and professional aspects, aligned with Saudi Vision 2030. These changes have strengthened professional standards, skills development and quality oversight, helping to enhance confidence in financial statements and improve disclosure standards.
Why it matters
The ranking reflects progress in professional practices within the Saudi business environment and demonstrates the accounting sector's role in supporting expanding investments and economic diversification.
Original reporting
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.