On going Initiatives

The Accounting Society of Ethiopia is working in close collaboration with the Ethiopian Professional Association of Accountants and Auditors, and with the External Auditors Association to come up with a proposal to address key financial reporting issues; as per the request of the Accounting and Auditing Board of Ethiopia (AABE). The issues are:

  1. Accounting and reporting of custom valuation differences
  2. Accounting for Retained Earnings in relation to first time adoption and related matters such as “dividend distribution” arising from retained earning as a result of first time adoption.

Proposals were submitted to AABE.

ASE continue collaboration with sister association.

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