External Audit Service in accordance with Egyptian Standard on Auditing No. 200

In Egypt’s evolving business landscape, external audit services are vital for ensuring financial transparency and investor confidence. The foundation of this service lies in Egyptian Auditing Standard No. 200, which sets the core objectives and principles for conducting professional audits.

• Providing an Independent Opinion To determine whether financial statements are fair, accurate, and free from material misstatements.
• Enhancing Information Credibility Issuing reliable financial reports that reflect the true performance of the business.

• Independence and Objectivity The auditor must remain completely neutral with no vested interest in the audited entity.
• Professional Competence Adequate skills and technical knowledge are essential to conduct a quality audit.
• Confidentiality Company information must be protected and used only within the audit scope.
• Sufficient and Appropriate Evidence The audit opinion must be supported by solid and relevant data.

• Planning Understand the client’s business and determine the scope and audit procedures accordingly.
• Evidence Collection Use testing, analysis, inquiries, and observations to gather strong audit evidence.
• Risk Assessment Identify material risk areas that could impact the fairness of financial reports.
• Final Report Preparation Draft a comprehensive audit report including the opinion, responsibilities, and compliance findings.

External auditing based on Egyptian Standard No. 200 is the foundation for achieving corporate transparency, improving market credibility, and attracting investment. It is not merely a compliance exercise, but a strategic tool for sustainable business growth.

“Professional external auditing is not just oversight—it’s a partner in long-term success.”