قياس مستوى التزام الشركات بالتناوب الإلزامي لمراقب الحسابات : دراسة تطبيقية على الشركات المقيدة بالبورصة المصرية

Abstract EN

The research aimed to measure the level of compliance of Egyptian listed companies in the Stock Exchange to apply the Mandatory Audit Firm (Auditor) Rotation rule, and identifying the factors affecting it.

An applied study was conducted on a sample of (88) listed companies in the Stock Exchange during the period from 2007 to 2019.

The research found several results, the most important of which is that most of the Egyptian listed companies in the stock exchange (75% ) do not abide the applicationof the Mandatory Audit Firm (Auditor) Rotation Rule, and that the characteristics of the audit firm (including the required mandatory rotation level and the size of the audit firm) are the ones affecting the companies' compliance to apply the mandatory rotation rule, and that the company's characteristics (Thetype of ownership, the industrial sector to which the company belongs) and the type of audit (individual and joint) have no impact on the level of corporate compliance to the mandatory rotation rule.

The research also found that there were deficiencies in the decisions of the Egyptian Fi-nancial Regulatory Authority (FRA), in addition to the weak regu-latory role of the FRA over the listed companies.

The research recommended that companies should be required to apply the mandatory rotation rule, and that the regulatory role of the board (Stock Exchange Disclosure Management) be activated on listed companies to ensure that they comply with their decisions and the governance rules of the mandatory audit firm rotation.