Regulatory Alerts2017-01-22
Rules and standards for registering and delisting auditors in the register of the Central Bank of Egypt
1. A copy of your resume or CV: A detailed and updated resume that highlights your accounting background, experience, and skills. 2. Personal details form with required signatures from the applicant: Include personal information such as name, date of birth, nationality, civil status, family status, and place of residence. 3. Certificate of good conduct or good behavior certificate: This should be issued by a police station or the competent authorities in your country within the last six months. 4. A photocopy of your identity card or passport: Both sides of the original document must be included along with a copy of the data page for foreign nationals. 5. Academic degrees and diplomas: Certified copies of all your academic qualifications, including their equivalence certificates if obtained from another country, as well as transcripts or mark sheets of each semester. 6. A certificate attesting to your accounting profession: This should be issued by the relevant authority in your country and should state that you have the necessary qualifications and skills to perform accounting services. 7. An official letter of commitment from the applicant: This should be signed by the applicant and include a statement pledging to respect the code of ethics, maintain professional secrecy, and abide by all applicable laws and regulations. 8. A partnership agreement between the accountancy firm and each partner: This should clearly state the nature of the partnership, shareholding, responsibilities, rights, and obligations of each partner. It must also include details about the accounting services to be provided, the target market, and any other relevant information. 9. Certificate of registration or licensing: A photocopy of the certificate issued by the competent authority in your country confirming that your accounting firm is legally registered and licensed to provide accounting services. 10. An official letter from the accounting firm detailing its organizational structure: This should include a list of all partners, managers, employees, and freelancers who work for or on behalf of the accounting firm, along with their respective job titles, responsibilities, and professional qualifications. 11. Evidence of professional insurance coverage: Provide evidence that your accounting firm has adequate professional insurance coverage to protect clients in case of any claims or disputes. 12. A copy of the internal control and audit manual: This document should outline the internal controls, procedures, and guidelines followed by the accounting firm to ensure compliance with all applicable laws and regulations, maintain professional secrecy, and safeguard client interests. 13. Financial statements for the past three years: For each year, provide audited financial statements that have been reviewed or certified by a licensed accountant or an independent auditor. 14. Tax returns filed during the last six years: Provide copies of all tax returns filed by the accounting firm and its partners during the last six years. 15. Five copies of your application, including supporting documents: Submit five complete sets of your application, along with all required supporting documents, in sealed envelopes marked "Confidential – For the Ministry of Finance."