The Egypt Financial Regulatory Authority (FRA) highlighted the issuance of updated Egyptian Auditing Standards, marking the first update since their original release 17 years ago, with the revised framework intended to align Egypt’s audit and financial review practices more closely with international developments and improve the transparency and reliability of Egyptian companies’ financial statements. The updated standards were issued under a decision by the Prime Minister (Decision No. 3725 of 2025) and are intended to close the professional and regulatory gap between the previous Egyptian standards and international counterparts, while reflecting the local economic environment and increased cross-border financial and investment activity. During a ceremony at the FRA, Chairman Mohamed Farid recognised the working group that prepared the updated standards, led by adviser Mohamed Yehia, framing the update as supporting audit quality, credibility of financial reporting, investor protection, and the stability of non-banking financial activities.
Egypt Financial Regulatory Authority 2025-11-25
Egypt Financial Regulatory Authority highlights issuance of updated Egyptian Auditing Standards for the first time in 17 years
The Egypt Financial Regulatory Authority announced updated Egyptian Auditing Standards, the first revision in 17 years, to align with international practices and enhance financial statement transparency. Issued under Prime Ministerial Decision No. 3725 of 2025, the standards aim to bridge gaps with international standards and support audit quality and investor protection.