English
The external review consists of:
Conducting a review of the accounts prepared by the company, and preparing a report of observations that includes the deficiencies that were discovered and their impact on the company, supported by the necessary recommendations to address these observations, for a quarterly or semi-annual period according to the company's requirements.
Studying the risks that the company may be exposed to as a result of the new laws and regulations, and the impact of this on the company’s position, while presenting all solutions to confront these risks.
Evaluate the accounting systems used by the company, highlighting all shortcomings and working to address them.
Ensuring that the company applies Egyptian accounting standards and what is in accordance with the law, such as financial leasing, or what requires the application of IFRS international auditing standards.
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Internal auditing consists of:
Conducting periodic reviews every month, for all accounts at a rate of 100%.
Conducting a review of all departments within the company and preparing reports that are submitted directly to the Chairman of the Board, bypassing the financial management.
Conducting surprise inventory checks of the warehouses, as well as the cash in the treasury, at close intervals.
Review the bank reconciliation memorandum, ensure that monthly VAT returns are issued, and also ensure that income tax settlements are prepared and submitted.
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