Egypt Accountants & Auditors Register Exam study guide
Egypt Accountants & Auditors Register Exam · Work through your exam, one topic at a time.
The Egypt Accountants & Auditors Register Exam is the entry route into the Register of Accountants and Auditors maintained under Egyptian law, the roster that lets a practitioner sign audit reports and hold statutory audit appointments in Egypt. It is aimed at accounting graduates and practising accountants who already have technical grounding and now need to demonstrate it at a professional level, usually after some years of practical experience in an audit firm or finance function. The Egypt Accountants & Auditors Register Exam study guide has 10 sections and about 4,139 words.
01Financial Accounting
Financial Accounting tests whether a candidate can prepare and interpret general-purpose financial statements from a trial balance and supporting records. The Egyptian register expects accrual accounting, consistent policies, and correct presentation of assets, liabilities, equity, income and expenses, plus the adjusting and closing entries that make the statements articulate.
436 words, about 2 min02Auditing and Assurance
Auditing and Assurance tests the candidate's ability to plan and perform an audit of historical financial statements under Egyptian Auditing Standards, which are based on ISA. The exam focuses on risk assessment, evidence, materiality, sampling, going concern, and the correct form of the auditor's report.
424 words, about 2 min03Egyptian Accounting Standards and IFRS
Egyptian Accounting Standards and IFRS tests the interaction between the national standards issued by the Egyptian Society of Accountants and Auditors (ESAA) and IFRS. EAS are substantially converged with IFRS, but the exam expects candidates to know which framework applies, how Egyptian presentation and disclosure requirements operate, and how to handle a transaction where EAS gives specific Egyptian guidance.
444 words, about 2 min04Egyptian Auditing Standards and ISA
Egyptian Auditing Standards and ISA tests the audit pronouncements issued by the ESAA and their alignment with the ISA issued by the IAASB. The exam checks the auditor's responsibilities under ISA 200, quality management under ISQM 1 and ISQM 2, documentation, communication with those charged with governance, and the correct reporting decision.
430 words, about 2 min05Taxation (Income, VAT, Salary, Stamp)
Taxation tests Egyptian income tax, value added tax, salary tax and stamp duty at the level needed to compute liabilities, adjust accounting profit and identify compliance obligations. The principal sources are Income Tax Law 91/2005, VAT Law 67/2016, the salary tax rules in the income tax law, and Stamp Duty Law 111/1980.
390 words, about 2 min06Commercial and Company Law
Commercial and Company Law tests the Egyptian legal framework governing traders, commercial acts, company formation, governance, capital, profit distribution and liquidation. The core statutes are the Commercial Law 17/1999 and the Companies Law 159/1981, with the Investment Law 72/2017 and Capital Market Law 95/1992 relevant for investment and listed companies.
424 words, about 2 min07Professional Ethics and Independence
Professional Ethics and Independence tests the ESAA code of ethics, which is aligned with the IESBA Code, and the additional independence requirements for audit engagements. The exam expects candidates to identify threats, evaluate their significance, apply safeguards, and decide when an engagement must be declined or terminated.
419 words, about 2 min08Managerial and Cost Accounting
Managerial and Cost Accounting tests the production of cost information for planning, control and decision-making. The exam covers cost classification, job and process costing, absorption and marginal costing, cost-volume-profit analysis, standard costing variances, relevant costing and budgeting.
394 words, about 2 min09Information Technology and Data in Accounting
Information Technology and Data in Accounting tests controls over accounting information systems, the use of audit software and data analytics, and the risks created by digital processing. The exam expects knowledge of general IT controls, application controls, CAATs, ERP systems and Egyptian data protection requirements.
404 words, about 2 min10Economics and Financial Management
Economics and Financial Management tests the economic environment in which Egyptian entities operate and the tools used to evaluate investment, financing and working capital decisions. The exam covers demand and supply, elasticity, national income, inflation, monetary and fiscal policy, exchange rates, and the core financial management techniques of NPV, WACC, capital structure and ratio analysis.
374 words, about 2 min