Strategic plan of AABE click below-
Objectives of AABE
AABE has clear and realistic statutory objectives which are stated in Section 5 of the Regulation as to:
Promote high quality reporting of financial and related information by reporting entities;
Promote the highest professional standards among auditors and accountants;
Promote the quality of accounting and auditing services;
Ensure the accountancy profession is used in the public interest;
Protect the professional independence of accountants and auditors.
Our vision is to be an internationally recognized independent and effective regulatory body of the accountancy profession in Ethiopia.
Our mission is to support investment and protect the public interest by promoting high quality financial reporting in Ethiopia through appropriate oversight of the accountancy profession, in accordance with local laws and international standards.
In regulating the profession in evolving complex financial reporting requirements, we will uphold and guided by the following values:
Commitment to excellence
Leveraging resources with other relevant domestic and international organizations in order to maximize the effectiveness of regulatory, enforcement, and educational activities.
Adopting and expanding risk-based assessment practices to better anticipate emerging risks and market trends that may threaten our ability to fulfill the Board’s mandate.
Applying modern information communication technology to enhance the operational effectiveness of the AABE and to improve the public’s access to AABE’s registration, filing and other information.
Establishing and sustaining organizational excellence.
Key Result Areas -Goals, Objectives
1. Standards Setting
Promote confidence of investors and other users of financial statements through the adoption and implementation of high quality internationally accepted financial reporting standards, audit standards, professional codes of Ethics and Corporate Governance Codes.
Adopt and issue International Standards for Financial Reporting, International Standard on Public Sector Accounting, International Standard on Auditing, Professional Codes of Conduct, Corporate Governance Codes and other internationally accepted best practices developed by relevant authoritative bodies following due process.
Develop and issue technical guidelines, interpretations and tools and other supporting materials that takes into consideration national context and sectoral issues which will facilitate effective implementation of issued standards.
Attempt to influence the international standards by actively participating in the standards setting processes of the international standards setting boards.