New and evolving regulations in countries around the world designed to create greater transparency and credibility in financial reporting have fundamentally changed the marketplace for audit services. They've changed how our services are purchased, as well as the standards applied to the quality and value we produce. This situation is now affecting the landscape of accounting and auditing services in Libya.
In Libya, AGhattour & Associates has an Assurance practice, which allows us to focus more sharply on our resources and competencies to promote expanded corporate reporting, greater transparency, and over the longer term, help us develop our assurance services. Free of responsibility for other services, we believe this allows for greater focus on the quality of our audit and assurance services