An agreement between the CAA and the Ministry of Finance, imposing the Economic Authorities to apply accounting standards without exception
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Minister of Finance Dr. Youssef Ghali has announced that an agreement has been reached with head of the Central Statistics Agency Councilor Gawdat al Malt to succumb all government and general authorities to the same criteria of accounting and which are in accordance with international and acknowledged standards. The announcement came in a meeting that brought the officials together where both called for the obliteration of the extraordinary exception given to economic authorities to be exempted from international criteria.
Minister Ghali reiterated that the Central Statistics is the prime source in the preparation of the financial list which does not exclude any authority while offering a grace period to economic authorities that need to sort its files out.
(source : Ministry of Finance)

