Regulatory Alerts2009-01-01
EFSA Board of Directors Resolution No. 32 of 2009 Concerning the Register of Auditors
The Egyptian Financial Supervisory Authority (EFSA) issued Resolution No. 32 of 2009 to consolidate the registers of auditors previously maintained by the Egyptian Insurance Supervisory Authority and the General Authority for Housing and Development into a single EFSA register. The resolution mandates that auditors transferred to this new register may only provide services to companies they were authorized to audit prior to the transfer, while retaining their original registration numbers. It also extends existing registration fee regulations to include insurance, reinsurance, cooperative insurance associations, and housing finance companies.
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