|Extent of IFRS application||Status||Additional Information|
|IFRS Standards are required for domestic public companies||IFRS Standards are not permitted.|
|IFRS Standards are permitted but not required for domestic public companies|
|IFRS Standards are required or permitted for listings by foreign companies||Permitted.|
|The IFRS for SMEs Standard is required or permitted||No.|
|The IFRS for SMEs Standard is under consideration||No.|
Ministry of Investment and International Cooperation (for private sector companies) and The Central Audit Organization (for public sector companies)
Egyptian Society of Accountants & Auditors (ESAA)
Egyptian Financial Supervisory Authority (EFSA)
Role of the organisation
Has the jurisdiction made a public commitment in support of moving towards a single set of high quality global accounting standards?
Has the jurisdiction made a public commitment towards IFRS Standards as that single set of high quality global accounting standards?
What is the jurisdiction's status of adoption?
Additional comments provided on the adoption status?
By Decree No. 110/2015 of the Minister of Investment, Egypt adopted 39 Egyptian Accounting Standards (EAS) to replace the 35 former EAS that had been adopted in 2006 by Decree No. 243/2006. The 39 new EAS include many, but not all, of the principles in the IFRS Standards in the 2013 Bound Volume. The new EAS are effective 1 January 2016. There are differences between EAS and IFRS Standards.