Our Mission

Our mission is to advance the accounting and auditing profession in Egypt and to work on raising its standard to the highest levels, to regulate the accounting and auditing profession, and to entrench commitment to accounting standards, auditing standards, and the rules, ethics, and conduct of accounting and auditing practitioners, in a way that contributes to protecting and developing the national economy and raising the scientific and professional level of accountants and practitioners.

This is achieved by accomplishing the following main objectives:

First: Maintaining the standing of the Egyptian Society of Accountants & Auditors and continuing to elevate it

This is done through developing the technical competence of the Society's members by:

Continuously developing the Society's examination curricula in light of the rapid and influential developments affecting the field of accounting and auditing, by communicating with international societies and identifying the requirements of the profession and society amid the economic and environmental changes in society and the accompanying changes in laws, and working to develop the profession in line with these changes, with detailed planning of the Society's various curricula to achieve a balanced relationship between the general requirements of the labor market, the basic requirements for the professional qualification of the accountant, and the basic requirements for specialization in the fields of (consulting, auditing, taxes, financial accounting, managerial accounting), and working to obtain increasing exemptions from the ACCA exams.
Continuously reviewing the level and quality of the Society's examinations and the level and method of grading, by setting a detailed plan to provide competent exam setters who have sufficient time to set and grade the exams, coordinating with the curriculum development and training committees to commit to setting questions according to the established curricula, obligating trainers to follow these curricula, and working to prepare a question bank while benefiting from the experience of international societies and following up on results in light of the pass rates in each subject in order to benefit from that in subsequent exams.
Committing to applying continuing education for all members, with an effective mechanism to follow up on the continuing professional education requirements of the Society's members and ensuring follow-up with the Society's members on the number of continuous training hours through a database for each member and fellow, while studying the systems, rules, and procedures for continuing professional education at international societies to benefit from them, in order to increase the competence of practitioners and expand the scope of bodies accredited to provide continuing professional education programs.
Holding seminars, workshops, and conferences to discuss topics and draft laws related to the profession, through which the capabilities, standing, and experience of the Society's members in various topics related to accounting, auditing, and taxes are showcased.
Encouraging research and studies and issuing scientific and professional bulletins, through developing the Society's journal and issuing it regularly, working to elevate the scientific material it contains, holding and participating in local and international seminars and meetings with bodies related to the profession, and preparing and encouraging research and studies related to the profession.
Working to broaden the Society's membership base without compromising the scientific and professional level of the Society's members, while developing the controls necessary for accepting accountants registered in the register of accountants and auditors at the Ministry of Finance, setting the necessary controls for accrediting non-member firms to train accountants, and holding seminars by the Society to introduce students of commerce faculties at various universities to the Society, its objectives, the conditions of membership, and its benefits.

Second: Strengthening the Society's relationship with regulatory bodies and accounting and auditing institutions at the local and international levels

At the local level, relationships and cooperation are strengthened with:

The Financial Regulatory Authority
The Egyptian Exchange
The Ministry of Finance
The Egyptian Tax Authority
The General Authority for Investment
The Central Auditing Organization
The Central Bank of Egypt
The Division of Free-Practice Accounting and Auditing Practitioners

In order to:

Communicate with the relevant authorities to take the necessary measures to work on amending the law regulating the work of societies and other institutions operating in the field of civil society work.
Work on completing the Society's efforts by the Board of Directors cooperating with the Ministry of Finance and the Financial Regulatory Authority to issue a law for practicing the accounting and auditing profession that preserves all the advantages granted by the current law to the Society's members, and to achieve the interests of professionals and elevate the profession.
Update the Egyptian accounting and auditing standards and the rules of professional conduct in light of international changes, so that through them transparency, accountability, and efficiency can be achieved for the financial markets and economic activities in Egypt.

At the international level, the relationship and cooperation are strengthened with

The International Federation of Accountants (IFAC) and other international professional societies.

Third: Optimal utilization of the Society's training center

The primary objective of establishing the Egyptian Society of Accountants & Auditors is to advance the accounting and auditing profession in Egypt through the presence of accountants who are excellently qualified professionally and aware of the continuous developments in the field of accounting and auditing and their methods of application (continuing education for members).

This objective can only be achieved through the Society's commitment to providing training services at the highest level of quality and excellence, by designing and implementing a training plan that meets the needs of the various levels of accountants and auditors in the different sectors, using professional trainers at the highest level, while updating the scientific training materials provided and focusing on practical applications and practices through cases and applied studies.

This is done through:

Providing an appropriate organizational structure for the proper management of the center.
Providing trainers in various fields with a high level of academic qualification
and practical experience
Providing training courses in various fields that serve the Society's members and accountants under training in the first place and accountants in general in the second place.

While offering training courses in light of the needs of members and professionals in the field of accounting, auditing, and taxes to elevate their scientific and professional level, as well as to help them achieve continuing professional training hours.

Taking into account the continuous development of the center's financial resources in a way that allows covering its operating costs as efficiently as possible and achieving a surplus that ensures the renewal and replacement of the equipment and devices needed for training.
Providing and offering training courses to qualify accountants and auditors under training as well as chartered accountants to sit the Society's exams (intermediate level / final level) as a condition for obtaining membership.
Offering training courses to graduates of Egyptian universities and institutes with the aim of preparing them for the labor market and reducing the gap between academic study and market needs.
Offering training-of-trainers (TOT) programs, given that the training process relies mainly on the experience and skill of trainers, with the aim of developing their capabilities and skills
Offering training courses in the use of computers in audit work (CAATS) and how to audit under electronic systems (IT Courses)
Offering qualification courses to obtain the IFRS diploma in cooperation with the Association of Chartered Certified Accountants (ACCA) in the United Kingdom.
Studying the Society's issuance of a diploma in Egyptian accounting standards in Arabic, similar to the IFRS Diploma issued by ACCA in English.

Fourth: Strengthening the governance and organizational aspects of the Society

In completion of achieving the Society's objectives to create an effective organization for it that achieves the highest degree of organization of the Society's activity, and out of awareness of its responsibility toward the accounting and auditing profession, it is necessary to restructure the Society's executive management in a way that suits the needs of the Society and its members and brings the Society to the rank of international professional societies.

The development should cover all aspects of the organizational structure, whether administrative, financial, or operational, of the Society's activities and work, defining the responsibilities and internal and external relationships, and taking the necessary steps to implement it according to specified timelines, while ensuring the commitment of all members of the Society's Board of Directors to their responsibilities in the Board, the Executive Committee, and the specialized committees formed.

The Society's technical and administrative apparatus

Providing the Society with a technical and administrative apparatus of high capabilities and competence, which requires:

Evaluating the members of the Society's current administrative apparatus with the aim of providing the most competent human resources needed for the Society, especially the General Manager, the Financial Manager, and the Administrative Manager, and determining rewarding salaries for them in a way that ensures attracting the best talents to work at the Society, while defining the job specifications, responsibilities, and authorities for each position.

Financial and administrative regulations

Applying financial and administrative regulations that govern the Society's dealings in the financial, administrative, and human-resources fields, and setting specific timelines for completing the preparation and implementation.

Setting policies and administrative and financial work procedures, completing and developing the internal, financial, and human-resources work regulations, and supporting the Society's administrative apparatus with highly competent employees in a way that suits the objectives the Society seeks to achieve, and developing the method of performing work at the Society by reconsidering the current procedures and records, simplifying them, and mechanizing them as much as possible.

Information systems

Providing a modern, effective, mechanized system that ensures the rapid extraction of all information and data relating to members, accountants, those under training, subscriptions, and so on, while updating the Society's website on the international information network, through:

Building a database of members and accountants under training
Establishing and activating the electronic payment service.
Establishing and activating remote training services.
Establishing and activating continuing professional education applications
Establishing and activating the Digital Library.
Providing and updating professional news and information through electronic links.
Supporting the marketing of the Society's professional services.
Establishing and activating the email system.
Providing full support to the Society's various working committees with their various objectives and activities.
Preparing an independent website for the Egyptian accounting and auditing standards and updating it continuously according to the amendments.

The accounting and financial system

Rapidly mechanizing the accounting and financial system in full, in a way that ensures the ease and speed of recording transactions and extracting the necessary financial data continuously and at the end of each month.

Fifth: Maximizing the Society's financial solvency

Continuously supporting the Society's financial solvency by paying attention to collecting subscriptions and members' annual contributions on time, and maximizing the return on investing any surplus cash liquidity.

This also requires conducting an annual study of the level of members' subscriptions and fees for services in light of the sharp and continuous rise in price levels and the consequent increase in the Society's operating costs and the cost of wages and salaries, in addition to maximizing the return from the training center through its optimal use.

To achieve these objectives, each of the Society's committees prepares the detailed plan and determines the timetables and performance measurement indicators, and the Strategy Committee will communicate with each of these committees to follow up and coordinate with them in preparing the detailed plans in light of the general strategy.