FRA Chairman Keynotes National Conference on the Future of Accounting & Auditing in the Age of AI

FRA Chairman Keynotes National Conference on the Future of Accounting & Auditing in the Age of AI

The Financial Regulatory Authority FRA was honored to take part in the national conference organized by the Egyptian Institute of Accountants and Auditors — a valued partner of the FRA Sandbox.

During his keynote address, Dr. Mohamed Farid Saleh , FRA Chairman, outlined the Authority’s ongoing comprehensive reforms to modernize Egypt’s accounting and auditing standards in preparation for the AI era.

Key Messages from the Chairman:

• New Egyptian Auditing Standards represent a major leap in the quality of disclosures and financial reporting.
• 2027 will be a milestone year as the new standards fully replace those issued in 2008.
• Upcoming Accounting and Auditing Standards for SMEs will support thousands of firms across the market.
• AI will reshape the profession, requiring rapid upskilling and strong, internationally aligned standards to guide professional judgment.
• FRA is moving toward digitizing audit firms, in collaboration with the Institute and the FRA Sandbox, to enhance the effectiveness and efficiency of financial reporting.

Dr. Farid reaffirmed the FRA’s commitment to strengthening governance, aligning with global best practices, and empowering professionals to thrive in a technology-driven future.