Mahmoud Azazy

Experienced Senior Finance & Accounting Consultant at PwC Middle East, specializing in financial accounting, financial reporting, external audit, and compliance with IFRS, IPSAS and U.S GAAP. Skilled in accounting transformation, GAAP conversions, and financial statement preparation, ensuring alignment with international standards. Proficient in applying IFRS and IPSAS in Saudi Arabia and Egypt, with expertise in advising clients on complex accounting matters, risk assessments, and regulatory compliance. Strong track record of optimizing financial processes and providing strategic accounting solutions across various industries.

Key Audit Engagements

Participated in the external audit of leading companies across various industries, ensuring compliance with IFRS, ISA, and local regulations:

• Taqa Gas Group (Subsidiary of Citadel Group)
• Egyptian Drilling Company (EDC)
• Synthomer for Petrochemicals
• Drill-Quip for Drilling Equipment
• Golden State Food (GSF)

Key Consulting Projects (KSA Experience)

• Government Entity – Saudi Arabia (On-Site)
  Supported the review of financial statements under accrual basis, ensuring full compliance with IPSAS and regulatory requirements. Prepared a technical memo on revenue contracts in accordance with IPSAS, directly engaging with stakeholders to address financial reporting challenges.
• Holding Company – Saudi Arabia (On-Site)
  Provided accounting advisory on asset transfers and corporate restructuring, assessing the financial impact and ensuring the proper accounting treatment in compliance with applicable standards. Collaborated with senior management to guide strategic decision-making.
• High-Level Government Entity – Saudi Arabia (On-Site)
  Led the implementation of new IPSAS standards, developing a structured roadmap and creating key enablers such as training materials and guidance templates. Conducted training workshops for government officials, enhancing awareness and understanding of new IPSAS requirements.