Regulatory Alerts2018-01-01
Circular Letter No. (1) for the Year 2018
The Financial Regulatory Authority (FRA) of Egypt mandates that all companies listed on the Egyptian Exchange must engage only auditors registered in the Authority's official register, with registration details published on its website. This requirement, derived from Article 11 of the Capital Market Law, aims to protect shareholder interests and ensure compliance with mandatory audit standards. Failure to comply will result in the rejection of the companies' periodic or annual financial statements and may trigger legal liabilities for the company and its management.
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