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Comptabilitat a Etiòpia

Accounting Rules

Tax Year
The fiscal year runs from the 8 July to the 7 July of the following calendar year.
Accounting Standards
The Financial Report Proclamation of Ethiopia - issued in 2014 - requires companies including banks to follow IFRS standards in their financial statement presentation.
Accounting Regulation Bodies
Accounting and Auditing Board of Ethiopia (AABE)
Accounting Reports
The annual report has to include a balance sheet, a profit and loss account and a cash flow statement.
Publication Requirements
Any reporting entity shall submit its financial report to the Accounting and Auditing Board of Ethiopia, within the schedule set by the Board itself.
The Director of the reporting entity shall ensure that copies of financial statements and consolidated financial statements, together with a copy of the auditor's report on those statements, are delivered to the Board for registration within 20 working days from the date financial statements and any consolidated financial statements of the reporting entity, as the case may be, are required to be signed.
Professional Accountancy Bodies
Ethiopia Professional Association of Accountants and Auditors
Certification and Auditing
The auditing standards to be used by auditors in Ethiopia shall be the International Standards for Auditing issued by the International Federation of Accountants.
The director of a reporting entity shall ensure that the financial statements of this entity, as well as its consolidated financial statements, if requested, are audited. This should be done according to the international standards for auditing. The financial statements and any consolidated financial statement should be audited by an auditor, in line with the Commercial Code of Ethiopia or other relevant laws.
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Actualitzacions: April 2024

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