Auditing
Egypt will introduce new accounting and auditing standards tailored for small and medium-sized enterprises as part of a broader profession reform, Financial Regulatory Authority Chairperson Mohamed Farid said on Saturday. The move aims to strengthen compliance, improve financial reporting quality, and align Egyptian standards with international best practices to attract investment.
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Egypt, represented by the Accountability State Authority (ASA), has officially taken over the presidency of the International Organization of Supreme Audit Institutions (INTOSAI) for a three-year term. The handover ceremony occurred during the opening of the 25th International Congress of Supreme Audit Institutions (INCOSAI 25) in Sharm El-Sheikh under the patronage of President Abdel Fattah Al-Sisi. The event was attended by Prime Minister Mostafa Madbouly, several ministers, and senior officials.