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Auditing
What is auditing?
An audit is an examination and verification of a company’s financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant.
Who needs auditing in Egypt?
Under the Corporate Law No. 159 of 1981 and the Capital Market Authority Law No. 95 of 1992, all companies in Egypt (listed and unlisted) must prepare financial statements in accordance with Egyptian Accounting Standards. These financial statements must be audited by a Certified Public Accountant according to the Egyptian Auditing Standards. Joint audits are required for banks and other financial institutions.
