Publication: Ethiopia : Accounting and Auditing
Date
2007-11
ISSN
Published
2007-11
Author(s)
World Bank
Abstract
This Report on Observance of Standards
and Codes (ROSC) provides a review of the accounting and
auditing practices and the institutions underpinning the
accounting and auditing environment in the corporate sector
in Ethiopia. The review drew on best international
practices and makes policy recommendations aimed at
improving the quality of financial reporting in the country.
There are some notable efforts in Ethiopia aimed at
improving the quality of financial information. One is
aimed at establishing accounting and auditing standards for
the private sector under the auspices of the Office of the
Federal Auditor General (OFAG). Another is aimed at
improving the capacity for public finance management under
the auspices of the Ethiopian Civil Service College (ECSC).
Work is also ongoing on revision of the Ethiopian Commercial
Code under the auspices of the Ministry of Justice. The aim
of this ROSC has been to complement the existing efforts by
producing a holistic evaluation of all necessary pillars for
a strong financial reporting infrastructure. While this
report focuses mainly on corporate sector accounting and
auditing, it also recognizes the need to ensure a well
coordinated Commercial Code under the auspices of the
Ministry of Justice. The aim of this ROSC has been to
complement the existing efforts by producing a holistic
evaluation of all necessary pillars for a strong financial
reporting infrastructure. While this report focuses mainly
on corporate sector accounting and auditing, it also
recognizes the need to ensure a well coordinated approach to
develop (i) accounting and auditing standards; and (ii)
education and training systems in accounting and auditing,
in the public and private sectors.
Link to Data Set
Citation
“World Bank. 2007. Ethiopia : Accounting and Auditing. © World Bank, Washington, DC. http://hdl.handle.net/10986/12244 License: CC BY 3.0 IGO.”