Investment min. amends accounting standards

Investment and International Cooperation Minister Sahar Nasr decided on Thursday to amend some of the Egyptian Accounting Standards and the Egyptian Auditing Standards and Limited Reviews.

The decision is meant to cope with international standards as well as economic, scientific and technical developments, the minister said in press statements.

She added that the amendments will raise financial security levels to confront risks.

She added that the ministry seeks to cope with the development in the Egyptian economy at all levels as well as capital market changes at international and regional levels in order to ensure that Egypt will be one of the most important promising capital markets both regionally and internationally.

Source: State Information Service Egypt