{"id":621925,"date":"2018-11-21T04:17:56","date_gmt":"2018-11-21T04:17:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/"},"modified":"2018-11-21T04:17:56","modified_gmt":"2018-11-21T04:17:56","slug":"fra-brings-egyptian-accounting-standards-in-line-with-ifrs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/","title":{"rendered":"FRA brings Egyptian Accounting Standards in line with IFRS"},"content":{"rendered":"<p>The Financial Regulatory Authority (FRA) has amended the Egyptian Accounting Standards (EAS) to bring them in line with the IFRS, <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/efsa_news\/efsa_718.htm\">FRA boss Mohamed Omran announced yesterday<\/a>. The amendments include adding standards to be compatible with IFRS 9 and 15, as well as a third standard to resolve discrepancies between the EAS and the recently approved <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/\">Leasing and Factoring Act<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Regulatory Authority (FRA) has amended the Egyptian Accounting Standards (EAS) to bring them in line with the IFRS, FRA boss Mohamed Omran announced yesterday. The amendments include adding standards to be compatible with IFRS 9 and 15, as well as a third standard to resolve discrepancies between the EAS and the recently approved [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9346],"tags":[2376,72,7087,76,440],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621925","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","tag-finance","tag-financial-regulatory-authority","tag-mohamed-omran","wpautop","entry"],"acf":{"mongo_id":"fd73b51a-0083-40f5-8730-8391356cab7a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"FRA brings Egyptian Accounting Standards in line with IFRS","related_issue":[621886],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.d6354362-9a0d-413f-bd27-dbb7d2bb4001.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA brings Egyptian Accounting Standards in line with IFRS - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA brings Egyptian Accounting Standards in line with IFRS\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority (FRA) has amended the Egyptian Accounting Standards (EAS) to bring them in line with the IFRS, FRA boss Mohamed Omran announced yesterday. The amendments include adding standards to be compatible with IFRS 9 and 15, as well as a third standard to resolve discrepancies between the EAS and the recently approved [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-21T04:17:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA brings Egyptian Accounting Standards in line with IFRS\",\"datePublished\":\"2018-11-21T04:17:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\",\"Finance\",\"Financial Regulatory Authority\",\"Mohamed Omran\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/fra-brings-egyptian-accounting-standards-in-line-with-ifrs\/\",\"name\":\"FRA brings Egyptian Accounting Standards in line with IFRS - 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Due to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/111.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621744,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egypts-fra-says-consumer-credit-draft-in-final-stages\/","url_meta":{"origin":621925,"position":1},"title":"Egypt\u2019s FRA says consumer credit draft in final stages","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"LEGISLATION WATCH- FRA says Consumer Credit Act is in its final stages: The Financial Regulatory Authority (FRA) is in the final stages of drafting the Consumer Credit Act, FRA boss Mohamed Omran said on Thursday, according to Al Mal. The legislation would bring companies selling consumer goods on installments under\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574879,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/three-new-accounting-standards-postponed-until-2021\/","url_meta":{"origin":621925,"position":2},"title":"Three new accounting standards postponed until 2021","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"New accounting standards pushed to next year: The introduction ofthree EgyptianAccounting Standards (EAS) to bring parts of the EAS in line with international reporting standards and new Egyptian legislation has been postponed until 1 January 2021, the Financial Regulatory Authority said in an EGX filing (pdf) earlier this week. EAS\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602525,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/egyptian-accounting-standards-brought-in-line-with-ifrs-regs-under-new-amendments\/","url_meta":{"origin":621925,"position":3},"title":"Egyptian Accounting Standards brought in line with IFRS regs under new amendments","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"Egyptian accounting standards change: Investment and International Cooperation Minister Sahar Nasr issued on Thursday amendments to the Egyptian Accounting Standards to bring the standards in line with IFRS 9 and IFRS 15 regulations, according to a ministry statement.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591570,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypts-market-regulator-looking-to-introduce-solvency-standards-for-nbfs\/","url_meta":{"origin":621925,"position":4},"title":"Egypt\u2019s market regulator looking to introduce solvency standards for NBFS","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce regulations to ensure non-banking financial services firms remain solvent, FRA boss Mohamed Omran said at a conference yesterday, according to Al Mal. 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