The Central Auditing Organization () is an independent

auditing An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...

institution established in

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...

in 1942 as an instrument of

public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achie ...

control. Originally created as the ''Divan of Accounting'', its name was changed to ''Divan of Auditing'' in 1960, before acquiring its current designation in 1964. In 1995 it hosted XV INCOSAI, the fifteenth triennial convention of the

International Organization of Supreme Audit Institutions The International Organization of Supreme Audit Institutions (INTOSAI) is an intergovernmental organization whose members are supreme audit institutions. Nearly every supreme audit institution in the world is a member of INTOSAI. Depending on t ...

Function & Structure

The CAO supervises the management of

public-sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infr ...

companies and government departments, including about 130 central government departments and administrative units, 120 service agencies, 29 governorates, 50 economic authorities and more than 160 state-owned enterprises, political parties, trade unions, national and party news media, and all units subsidised by the State. The CAO may also audit and examine the work and accounts of any other entity, as assigned by the President, the Prime Minister or the

People's Assembly of Egypt The Parliament of Egypt is the bicameral legislature of the Arab Republic of Egypt. It is composed of an upper house (the Senate) and a lower house (the House of Representatives). The Parliament is located in Cairo, Egypt's capital. Under t ...

. It is independent of the

cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

, and reports directly to the

President of Egypt The president of Egypt is the executive head of state of Egypt and the de facto appointer of the official head of government under the Egyptian Constitution of 2014. Under the various iterations of the Constitution of Egypt following the Egyp ...

, to whom it is subordinated.

References

External links

Official website
1942 establishments in Egypt Government audit Government agencies established in 1942 Government agencies of Egypt Supreme audit institutions {{Egypt government ministries and agencies, state=expanded