Accounting and Auditing Board of Ethiopia has been discharging its responsibility specified in proclamation 847/2014 regarding with reporting entities setting criteria to distinguish reporting entities as either public interest entities or small and medium enterprises and register them. Additionally, article 8 sub article 3 of proclamation 847/2014 states that financial reports to be submitted to the competent public body in accordance with other laws shall be the original copy of the financial report submitted to the Board pursuant to sub-article (1) of this Article.