External Audit Services in Egypt
A signed audit report is the minimum. What you need is one your bank, your board and your HQ group auditors accept the first time — without a second round of questions.
Most audit problems in Egypt don't show up in the audit report. They show up afterwards: when the bank asks for clarifications before renewing a facility, when HQ's group auditors send a list of questions the local file can't answer, or when the Tax Authority examines a year and finds that the audited numbers and the tax return tell two different stories.
An audit that only produces a signed opinion leaves those problems for you to solve later. We run the audit so the file holds up for every reader who will rely on it.
WHAT WE COVER
• Statutory audit of annual financial statements under Egyptian Accounting Standards and Egyptian Standards on Auditing.
• Group reporting support for foreign-owned subsidiaries: reconciling the local audited accounts to the reporting package your HQ auditors review.
• Limited reviews of interim (quarterly or half-year) financial statements.
• Agreed-upon procedures and special-purpose audits for banks, investors and regulators.
• A written management letter with the control weaknesses we find and practical fixes, not just a list of observations.
HOW IT WORKS
1. Planning meeting. We agree the timeline, reporting deadlines and who needs the final report: board, bank, HQ or regulator.
2. Risk review. We identify the balances and transactions most likely to raise questions, including the tax positions behind them, and focus the fieldwork there.
3. Fieldwork. Testing, confirmations and management discussions. Issues are raised as we find them, not saved for the final week.
4. Draft report and management letter. You review the findings and agree the adjustments before anything is signed.
5. Signed audit report. Delivered in Arabic and English when needed, ready for your board, your bank and your group reporting.
WHY OAF
OAF is led by Dr. Mansour Etman, a board member of the Egyptian Association of Auditors, with more than 35 years of practice and over 200 clients. Our audits are run by a dedicated review department and backed by a tax team that includes former Directors-General of the Egyptian Tax Authority. That combination matters: we check whether your audited numbers will hold up at a tax examination before they become a problem.
FREQUENTLY ASKED QUESTIONS
Does my company in Egypt need an external audit?
Most companies operating in Egypt must have their annual financial statements audited by a licensed auditor. We will confirm your specific obligations based on your legal form and activity.
Can you work with our HQ's group auditors?
Yes. We regularly coordinate with group auditors, answer their questions directly, and reconcile the local accounts to the group reporting package.
How long does an audit take?
For a small or mid-sized company with organised records, fieldwork typically takes a few weeks. We agree a timeline in writing at the planning meeting, based on your reporting deadlines.
What do you need from us to start?
The trial balance, the prior year's audited statements, bank statements, and the main contracts. We send a full request list at the planning stage.
How are fees set?
Fees are fixed per engagement and depend on the company's size and complexity. You get a written quote after the planning meeting, before any work starts.
An audit that only produces a signed opinion leaves those problems for you to solve later. We run the audit so the file holds up for every reader who will rely on it.
WHAT WE COVER
• Statutory audit of annual financial statements under Egyptian Accounting Standards and Egyptian Standards on Auditing.
• Group reporting support for foreign-owned subsidiaries: reconciling the local audited accounts to the reporting package your HQ auditors review.
• Limited reviews of interim (quarterly or half-year) financial statements.
• Agreed-upon procedures and special-purpose audits for banks, investors and regulators.
• A written management letter with the control weaknesses we find and practical fixes, not just a list of observations.
HOW IT WORKS
1. Planning meeting. We agree the timeline, reporting deadlines and who needs the final report: board, bank, HQ or regulator.
2. Risk review. We identify the balances and transactions most likely to raise questions, including the tax positions behind them, and focus the fieldwork there.
3. Fieldwork. Testing, confirmations and management discussions. Issues are raised as we find them, not saved for the final week.
4. Draft report and management letter. You review the findings and agree the adjustments before anything is signed.
5. Signed audit report. Delivered in Arabic and English when needed, ready for your board, your bank and your group reporting.
WHY OAF
OAF is led by Dr. Mansour Etman, a board member of the Egyptian Association of Auditors, with more than 35 years of practice and over 200 clients. Our audits are run by a dedicated review department and backed by a tax team that includes former Directors-General of the Egyptian Tax Authority. That combination matters: we check whether your audited numbers will hold up at a tax examination before they become a problem.
FREQUENTLY ASKED QUESTIONS
Does my company in Egypt need an external audit?
Most companies operating in Egypt must have their annual financial statements audited by a licensed auditor. We will confirm your specific obligations based on your legal form and activity.
Can you work with our HQ's group auditors?
Yes. We regularly coordinate with group auditors, answer their questions directly, and reconcile the local accounts to the group reporting package.
How long does an audit take?
For a small or mid-sized company with organised records, fieldwork typically takes a few weeks. We agree a timeline in writing at the planning meeting, based on your reporting deadlines.
What do you need from us to start?
The trial balance, the prior year's audited statements, bank statements, and the main contracts. We send a full request list at the planning stage.
How are fees set?
Fees are fixed per engagement and depend on the company's size and complexity. You get a written quote after the planning meeting, before any work starts.
Key benefits
- Audit reports your bank, board and HQ group auditors accept the first time
- Local accounts reconciled to your group reporting package
- Tax positions checked during the audit, before the Tax Authority examines them
- Issues raised during fieldwork, not in the final week
- Fixed fee and written timeline agreed before work starts
Audit Coming Up This Year?
Tell us your reporting deadline and who needs the final report. We'll send a written scope, timeline and fixed fee within 48 hours.