ACCA and the Accounting and Auditing Board of Ethiopia (AABE) have launched a project to support the development of the accountancy profession in Ethiopia, building on an existing collaboration. The work will be financed by the World Bank through a fund managed by Ethiopia’s Ministry of Finance.
The aim is to set up a national body to meet the needs of the profession and its multiple stakeholders. The work will also focus on strong, fit-for-purpose and globally benchmarked regulation and compliance with international standards.
Jamil Ampomah, ACCA Africa director, said: ‘This project aligns with our vision to develop the profession that the world – and indeed Ethiopia – needs, helping others to build capacity. This can only be done in partnership, so we’re delighted to be working on this with the World Bank, the Ministry of Finance and AABE.’
Hikmet Abdella, director general of AABE, said: ‘As a regulator, AABE will have the tools to undertake the big task of protecting the public interest by monitoring accounting and auditing professionals, as well as the profession. With the development of capital markets in the pipeline and the opening up of our economy, the public and investors will look to AABE to ensure they are basing their decisions on reliable financial statements.’
