A comparative examination was undertaken of funding mechanisms and Quality Assurance Systems (QAS) in higher education in Egypt and the UK with the aim of identifying implications for reform in Egypt. These issues are examined by applying the concepts of autonomy, accountability, efficiency and equity as analytical and evaluative tools, chosen because of their central place in the analysis of the governance and finance of higher education. The principal sources of data are document analysis and semi-structured interviews with 47 academic and administrative staff in Cairo University and 29 at the University of Birmingham. The main findings show that different forms of funding and QAS differ in their consequence for the autonomy, accountabili...