ACCA launches support to accountancy profession in Ethiopia
Zoya Malik
April 7, 2021 (Last Updated April 7th, 2021 14:15)
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ACCA (the Association of Chartered Accountant), in partnership with the Ethiopian regulator AABE (Accounting and Auditing Board of Ethiopia), has launched a project to support the development of the accountancy profession in Ethiopia.
Th projecte will be funded by the World Bank through a fund managed by the Ministry of Finance.
This significant project builds on the existing collaboration between ACCA and AABE – which was cemented in January 2020 through the renewal of a long-term partnership agreement.
The highly anticipated contract for this project was signed virtually in mid-January and all parties are keen to commence this important work that will set the groundwork to strengthen the accountancy profession in Ethiopia. This initiative will support the establishment of a relevant national body, with a robust strategy, to meet the needs of the profession and its multiple stakeholders. In addition, the work includes a focus on stronger, fit-for-purpose and globally benchmarked regulation and compliance with international standards.