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IPSASB issued IPSAS 41: Financial Instruments

IPSAS 41, Financial Instruments, establishes new requirements for classifying, recognizing and measuring financial instruments to replace those in IPSAS 29, Financial Instruments: Recognition and Measurement. The new standard has made the classification, recognition and measurement of financial instrument to be more or less in accordance with IFRS 9. IPSAS 41 provides users of financial statements with more [...]

By | August 16th, 2018|news|0 Comments

Press release on corporate governance Implication Privatization workshop

press release Good corporate governance is central to the success of any economy. Whereas Ethiopia registered impressive economic growth over the last decade, it now needs to enhance corporate governance practices to tackle increasing fraudulent activities, boost investor confidence and sustain its growth trajectory. The recent decision by the government of Ethiopia to Private Public [...]

By | August 9th, 2018|news, Press release|0 Comments

Discussion paper: – Financial Instruments with Characteristics of Equity

International Accounting Standards Board (IASB) has published for comment Discussion Paper DP/2018/1 Financial Instruments with Characteristics of Equity on 28 July 2018 The proposed discussion papers refine/clarify to improve the information companies provide in their financial statements about financial instruments they have issued, by: Investigating challenges with the classification of financial instruments applying IAS 32 [...]

By | July 2nd, 2018|news|0 Comments

Professional Skepticism – Meeting Public Expectations

Over the past few years, there have been continuing calls for the Standard Setting Boards to enhance the way in which existing material in their standards addresses professional skepticism. Noting that there’s disparity in the use of the term professional skepticism, the International Ethics Standards Board for Accountants (IESBA) has sought to articulate the behavior [...]

By | May 21st, 2018|news|0 Comments

AEMFI staff members take TOT

  The Accounting and Auditing Board of Ethiopia (AABE) has offered IFRS training of trainers in Adama for 70 Micro-finance institution accountants who are selected from various regions of the country.The training was aimed at producing professionals who will be a trainer of trainers on International Financial Reporting Standards (IFRS). Having more skilled professionals in [...]

By | August 16th, 2017|news|0 Comments

Micro-finance Institutions take technical IFRS  training

The Accounting and Auditing Board of Ethiopia (AABE) provided International Financial Reporting Standards (IFRSs) technical training for Omo and Sidama Microfinance Institutions from July 24 to August 03, 2017, in Yergalem town. It was reported that 58 participants attended the training.The training fused both theory and practical case study which is planned to help the [...]

By | August 16th, 2017|news|0 Comments

Third Round Asset Valuation Training of Trainers held

Addis Ababa University (AAU) in collaboration with the Accounting and Auditing Board of Ethiopia (AABE) offered Asset Valuation for financial reporting purpose training of trainers in Addis Ababa University from July 24 to 28, 2017. Speaking at the opening ceremony, Director General of the Board Ato Gashe Yemane recalled that the adoption of IFRS requires [...]

By | August 1st, 2017|news|0 Comments

AABE Gives an Awareness Creation on IFRS

  The Accounting and Auditing Board of Ethiopia (AABE) gave an awareness creation on July 17/2017 on International Financial Reporting Standards (IFRS) for Ethiopian Revenue and Custom Authority management team. The awareness creation workshop program held in the hall of Ethiopian Revenue and Custom Authority (ERCA) and 49 participants attended. On the event Director General [...]

By | July 19th, 2017|news|0 Comments

Board discloses field visit findings for discussion

The Accounting and Auditing Board of Ethiopia (AABE) has unveiled major field visit findings for accounting professionals and stakeholders on July 6, 2017 in the Ministry of Finance and Economic Cooperation conference hall. The board has conducted field visit on authorized accounting professional and firms in Addis Ababa and presented its findings for more than [...]

By | July 12th, 2017|news|0 Comments

Board Offers Sensitization Workshop for Large Tax Payers

The Accounting and Auditing Board of Ethiopia has provided awareness creation workshop on International Financial Reporting Standards (IFRS) for large tax payers. The workshop held on June 20, 2017, in Addis Ababa University, Faculty of Business and Economics would be expected to develop consciousness for more an estimated 1200 large tax payers and their representatives. [...]

By | June 21st, 2017|news|0 Comments