In accordance with Article (11) of Law No. 123 of 2008
amending Capital Market Law No. 95 of 1992, FRA shall create a registry for
auditors authorized to audit listed companies, public subscription companies,
brokerage companies, and investment funds within banks and insurance companies.
The FRA’s Board of Directors shall determine the criteria for listing and
delisting auditors from this registry.
Terms of Reference of Auditors’ Quality Control Unit:
Under Article (11) of Law No. 123 of 2008, the Board of
Directors of the Capital Market Authority (CMA) issued Decision No. 84 of 2008
regarding establishing the Auditors’ Quality Control Unit, as amended by Decision
No. 50 of 2014 and its amendments.
Objectives of the Auditors’ Quality Control Unit
The Unit shall ensure auditors’ compliance with professional
quality standards and relevant rules and regulations. In addition, the Unit
shall verify that registered auditors perform their duties according to the
Egyptian Auditing Standards and ethical and professional rules.
The meticulous role and functions of the Auditors’ Quality
Control Unit according to Board of Directors Decision No. 50 of 2014
• The Unit
shall set the rules for registering auditors at FRA’s registry
• The Unit
shall propose a system for evaluating the quality of work performed by
registered auditors
• The Unit
shall cooperate with professional organizations
• The Unit
shall propose memorandums of cooperation with other regulatory bodies to
exchange information relevant to audit quality
• The Unit can
propose disciplinary actions against auditors who violate regulations or fail
to meet quality standards.
• The Unit
shall organize workshops and training courses with local and international
organizations.
• The Unit
shall propose the fee for registering auditors at FRA’s registry.
Resolutions Governing Auditors’ Registration at FRA
Registry
• FRA Board Decision
No. 33 of 2009 established the initial controls for registering and maintaining
auditors at FRA’s registry
• FRA Board Decision
No. 84 of 2019 reorganized the existing controls for registration and continued
registration of Auditors
• Decisions
No. 109 and 165 of 2020 amended Decision No. 84 of 201
Decision No.
3 of 2021 reorganized the controls for registration, continued registration,
and deletion from FRA’s registry.
بشأن تعديل قرار مجلس إدارة الهيئة رقم ( 161) لسنة 2014 بشأن ضوابط القيد واستمرار القيد والشطب في سجل مراقبي حسابات شركات التمويل متناهي الصغر والجمعيات والمؤسسات الأهلية المرخص لها بمزاولة هذا النشاط لدى الهيئة
بشأن تعديل قرارى مجلس ادارة الهيئة رقمى 161 لسنة 2014 بشأن ضوابط القيد والشطب فى سجل مراقبى حسابات شركات التمويل متناهى الصغر والجمعيات والمؤسسات الأهلية المرخص لها بمزاولة هذا النشاط لدى الهيئة و 84 لسنة 2019 بإعادة تنظيم ضوابط القيد واستمرار القيد والشطب فى سجل مراقبى الحسابات لدى الهيئة
