Professional Documents
Culture Documents
11
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FEDERAL NEGARIT GAZETTE
OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
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ADDIS ABABA 14th
4.1°}14AST GT4Mil January, 2015
21' Year No 22
YthC CONTENTS
TIVRTLE n No. PROVIDE of the
X:),fl 4'PC `).51° (fihti'k FOR THE
332/2014 Executive
+PC ESTABLISH
?Y.441 Aa7**91'6" Organs of
:t171:7 Establishme MENT AND
TO the Federal
heP1,41 Aeowei7 ? C(.:4 nt and
DETERMINE Democratic
wai ?°Lail+CT ythc Determinatio
THE Republic of
NIK4- n of the
(VI. K711 Pi.b1957. PROCEDUR
7171A)
Procedure of E OF THE
rAhiopia
h141C" Proclamatio
easzkni-eT rhc the ACCOUNTIN
n, K741 h'PC NS' 04 n No.
Accounting G AND
EMI NS' 691/2010 (as
and Auditing AUDITING
(14.,,e,S"
Board of BOARD OF amended by
r7Ga/41 M.+ M GrC4. Ethiopia ETHIOPIA
Proclamatio
tic.K-7 Arrignc
Council of n No.
Ain9**9° bs h+4411 This
Ministers
hwe4.7 ttanton h(13k Regulation 803/2013)
Re ulation
NW) rdnitaCEMG t•PC is issued by and Article
*179%/Ril Pa e7958 the Council 4(1) of the
(124' K71
i h34,R• : Financial
COUNCIL OF of Ministers
0(?)",) MINISTERS pursuant to
Reporting
eman-1-ef 9thC Proclamatio
aii044. REGULATIO Article 5
+1 1171..%
th January, 2015
Federal Negarit Gazette No. 22 14
page 7959
4/
"htPk" a7A+
G7'C+
1/"Proclamation" means the Financial
Reporting Proclamation No 847/2014;
M'1•441 hErkt'PC
h1(140b ?ring + nick
g/
craw a)4+4-
1 MAltri wJ9°
2/"Firm"
(1/14. 1'6/.1141 091 a)441 means a firm
which provides
. riii.tVP 11PC9r
§/ flM hl+N accounting
service or audit
m.er PM !l MAI/v.1
g 13 4.0DAh service and
441C4 n51'4 registered as
AMU R1419° such by the
?4.antrlfl g•Ck+ Wn1
+6.V% board.
,etfCA•si
1"/ 91A0Df" milt+ (MU £141 3/
ODU14+ "Professional"
Xlktan wh4/14• ?Y.'141 Ostliv
Th.41"kf M/41 means a person
(1A00.1 m.er h3ferfanwh4A+
M. who is
N4.4.0 ?4•0011111 hS h3X. tursairS% registered by
the board as a certified public under Article
accountant or a certified auditor PART TWO
2 of the
and received certificate of ACCOUNTIN
Proclamation
registration or a practicing G AND
shall be
certificate as the case maybe; AUDITING
applicable to
BOARD OF
this
ETHIOPIA
4/ the definitions provided for Regulation.
anit:u6, (14 XS" ? offices
E. 9221Sr Establishm elsewhere,
Y.4.11
ent as may be
(1A0D
a. WC, f$D41 1/ The necessary.
g407 Accounting
111..11*.? 11.1711
°T/Amtl and Auditing Objectives
hfflIC of the
+I Board of
(WK. Board,
Ethiopia
(htLU tlAel NICK' 4 our. (hereinafter
fite E/ The Board
r1h4•1•4 the "Board")
4%1141 is hereby shall have
• 54°034. the
Imo h,f,e'llg ? established
?Aa)4+ an114. Am. fi/ t•t+ as an following
objectives:
L•61 ?Ylt (147'Ci• ke1A1tt° autonomous
government
?apirlti+ o"/'GP h+4•11, 47
organ having 1/ promote
tl'S° fliLU X.741 MEI+ ? high quality
4*.V/Als a7Amtl+ its
°`4+C(1 own legal reporting of
I
personality. financial
and related
? information
g/ PCR• 1
4.F.SIll an•, 2/ The
ttiGbArniAti14• by reporting
hS Board shall
1`4.9°7 entities;
be
°711mfi4k
„ 3 accountable
is en an/ "t, (1 to the
11471111 Ministry.
2/ promote
GrctT
the highest
Head professional
MOM
MCP,• 4/ ?VW] Office standards
ane'6,1) lb+ flivg.11 hS NS •4.4 among
hf1(1 LPG XI& h+1•441 (1110D. The Board
auditors
TM shall have
95047 and
its head
0). .E.4"lAii Vi accountants
tniAmt1 office in
;
+1 °711ht1C Addis
' AS4
H Ababa and
may have 3/ promote
g/ branch
the quality of accounti in the the ce of
accounting and ng public professiona accountant
auditing services; professio interest; l s and
n is used independen auditors.
4/ ensure that the 5/protect
M] QA001
PAS4.f.1.- A 1.9G+
4')
MU
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6/ 5A90 D+11A w,er
t1At7 a)•P4' IlAm9.t4/1
QA0Df5D4. ilg•
'A0°•f$04.1 tiAm mAr MA005'94
11C11C
aLer 7.C(1.1 e°44tia) MIA
telfmalm. tiAmiKti ?.5% 1t,tr7f nAaofp34.1
ritopAhrh orap6s3$04 fm")AI
l'omy
ritIC f.1.11
e1 al"l"
)504.5'
efi
certified public accountants and certified
Federal Negarit Gazette No. 22 14th January,
2015 ..........page 7960 auditors, which shall be consistent with
Powers and Duties of the Board that of the International Federation of
Accountants or its successors;
The Board shall, without prejudice to
the powers and duties given to it by
Article 4 of the Proclamation, have the
following additional powers
2/ issue directives related to
professionals including for the
and duties to:
acceptance or rejection of application,
1/ establish, publish and review a Code suspension, cancellation or renewal of
of Professional Conduct and Ethics for certificate and registration;
W41441111 standing of the
E/ 13461 P*9°71' (er Mel+ htiA MA aLer accounting
evnA.4 gni +WIG MA profession and
Lc+ professionals
avaD6frT .9C ,e1 3/ issue its own both nationally
911•AT examination and
,eweriAl
and quality internationally;
,eonlihl•AT
requirement
111.54. fRCPA
?VIII 00•1 J.S (Ler .e1 111,A1
directives;
5/ cooperate
MA0DY504.1 with, or
4/ confer,
consult, become a
h4,9° te71A11+
maintain contact member or an
hieic caATS a) }.9" affiliate of, any
or cooperate
tiA• with any international
6L" 01C 1(14•
relevant body, the
htri °75"Va
54°7mS 4
authorities, objectives and
J./Q.1D+ 1v1 hAr associations, functions of
44a). h+C hhA aC societies, which are
QAp"AalTTI aLer institutions or similar to
f.441116A
m9t)(1 bodies to those of the
10+1 ?MU enhance the board;
or ?manic. clients;
tirniVirfap ouhha
resolve
conciliation hAan1Q
disputes
Q44 (16C+ anc+Z ritr11
6/ facilitate to amicably between
professional to,e,9° 114.1 PaDYYAI
arbitration ■
11QA00.53504.
J.S s and their
SfX4 6..RGA '01a* ,9/0/ 41TC Si TC malAT ituAing ,e,Aa/A w,er imAmS'
VII g.9°
cgi7AT1la)1 04.0.94 fanYYAI
Art
Federal Negarit Gazette No. 22 14t ' January, 2015 page
►IK490Ati4A+ ?Y.141 (1A0Df 7961
co,er hlktanAh4A+ N4.4•C flantfl
((1CA. Agnowl1141P7ZfAkA7 ? 10/lay down the requirements to register
persons who qualify to be certified public
11.4)1 appokC 441 (1°70)(1/4
accountants or certified auditors and
(11Mittl• anefikC÷*
register such persons as professionals and
auw4+ ilA0DfP41 avir10 maintain a list of such persons;
At111cmf5DT AtitZelm 1ti .4e
11/establish requirements for, conduct, or
arrange for the conduct of continuing
°MO' TC14.9q
professional training programs;
8141 a),er breach of the auditor or
EV (144 i011.04 anw4+ ?wall Code of certified public
(DAY° hA,11 8141 aLer Professional accountant,
(1°Z.PC41 ariav6,,e Conduct and either on its
'PPR m,e,91) K•1.97.PIT Ethics of the own initiative
anul4+ MaI'Ah4 ?4'1.111 Board, the or at the
fl.tanAh4 hA ,eaD49°1,4∎1 provisions of request or
?Y2141 this Regulation grievance of
Err
(D.C.9" (14-avei or Regulations any person and
A.,P17ap
h4t1a) N4.11 or directives take
CT MEOW° ?it issued under the disciplinary
NCrY4 fADAAAT
proclamation, action where
gircWIC
8141 (Ler NU), 12/inquire into any any certified appropriate;
1) 44'
K‘c3-i4 N.1.4-
Ng A7. A,A4 T (tcK.i
001'1 ?"
7.anAh+ AAA. -tlta/k floullfru+
anc4.1 hAr ? *
114+
-1-1(11.4- ?wl:PID•
A°7&9711 MC (n- 1 fticaPV hlK•
Aan49°G-A till j'Ae66 A::
Altar mg.9" anaPD* VP4A/..4'0
LAI
f/471664 N14.anZan 1 roci4. b 91'h+A
AC5+ C RC.-9A1 fli'vtaa LW/
nantig
Vida'' h*r
Opfil, tA (Pc /4,e6h
fmt1A1 Aag/Ak
:1.6/ ? 13./ icT1
tv11tan ar ?
AantihAV Y.11415" ? y5DT °`/..eAk
cA,e,atc th)
hAkirix). AT4Ati small and concerni es. be appointed
(1,1,-- medium ng to by the
t•V*1*
13/implemenenterprise professi Government
t a sound s; ons of Organizati ; and
,e,Tc.frAti
quality accounti on of the
assurance 15/engag ng and Board the
g/ OCR
mechanisms e in the auditing; necessary
1/ The
X16.5. 3 to ensure continuo staff
high quality us review 16/perfo Board shall
flh/
audit and rm such have: a) a
(111 2/The Board
practice; dissemin other Board of
may
ation of related Directors;
h14.weri establish
internatio function
various
?cle f1H
14/conduct nal and s as are a Director
advisory
1.7 Pfil1f R
or arrange domestic necessar General
committees
fIamitiG
for the informati y for the and, as may
to assist it in
conduct of ons to achieve be
discharging
11."*4 practice professio ment of necessary, a
review of thenals and Deputy its
its
511' auditors of others objectiv Director
responsibiliti
Generals, to es properly.
1* swim 4RGA 196•l
4*°71Thitt• Nccc
4vrc
apfm1 telmhtt.
TC
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CT OCK• A.1111(La)1 at
re'
1314Ae.h4
tvilliV,f AP* frifirfl 00$) S Aon
ya}•
4,4(1„4
?19°uc1 ant**
OaDllei+ rIVI?av• kel(1104.
X111 m•
Atfgh.si
hiv14T hhcPV 4ruC1
A.4"411 ATtIA:s
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OCK. MA hi14.5.1 h4.511
114.
HaDI
A.00 01.
Ock M
ARAIA•teq. MK MA5+
YL'A+ Federal Negarit Gazette No. 22 14th January,
RAMA!: 2015 ..........page 7962
Members of the Board of Directors
1/The Board of Directors shall,
including the chairperson, have 12
g/ members to be appointed by the
tqw government from the relevant
h' I'? government organs, higher education
institutions, and the private sector and
from associations representing
(ii) K1.92
the profession.
(1.TCY° 2/ The majority of the persons to be
appointed as members of the Board of
LA,e6ht-c:f (1Ci' Directors shall be from accounting and
other related disciplines.
MA AAA rA1. gong flitilA5+
Term of office of Members of the
Board of Directors
1/Term of office of members of the to serve in the board for another term
Board of Directors shall be three years. of three years.
2/Notwithstanding the provision of sub 3/A member of the Board of Directors
article (1) appointed to serve as such in the board
for two consecutive terms may be
of this Article, any member of the
reappointed after a three years'
Board of Directors may be reappointed
interval.
hao4,4ilap gib fargAis government.
. 11.Meetings of
,eari49°4A:1
7.14.0.d.h+C* 10.Powers and the Board of
Mk /LAWN Duties of the Directors
+VIC TESAZaPhel Board of
rfi,e&h+CT 1C • PCk tpnnq Directors .1/ The Board of
J' 1'041•' The Board of Directors shall
P"Afillq Vi.e.e.h.te* Pc.t. Directors shall meet regularly
(Ulf) Ilmc hlk have the powers once in a month;
+WA' Vt. avAilV AVMand duties to: provided,
however, that
4/ yxcaAI tfcgir
1 / oversee the extraordinary
ITCR1 P'4.94 flei414(1.0)'PG activities of the meeting of the
fianGAl MAT' tihtliVb Board; Board of Directors
pung 4RI•A 196÷ 9tLa7 411`C
imouy5DT7
Ii 'PC X +7 MI 'LP
Fd...Ke•Aet to
(71147
(IDCW5DT +h t° 11(101111+
(MO•+ aveloGf arn044,e+PGAr
th) 1114,e6h÷CT (ICK• h (1114•
,POIA.K•GA
M146% fmtm11+114.7 hAt
mair Hite A.m113I m;J9°
th) I(1 CR1 fiwG, TC11,9°S On
an) flhAL 'PA+ hti.9k14
m4111 ticx
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AllAQPT 11..e7i) Afirailkl
fl1°77i. 11.1M+9°
tte •1(11.T ,PAC,9AI
If.rrs 4.1e.d.hstc. ,wAanc an)
AMR (11•1.+Ktn nn-s‘
`PS
rime.
POC4• I
PS PIG hAZ.R°Z
TC14.9" () V+ kW.PP47
tvi,e6h÷cT nc.t. (141Amal w)
hmA 1 A apanL,P anA4+ POC91•7
.einv,AT hYL'A•V (WITT .7C 11°7.K47.
V NW til+R* 7041 P1741t* (.6.) `711.1 14 4 f1 C&1 Am AI
m+4 1 t0,71C ?3ft•m(14) ITT PS 4)
f4,e.6)14.4rtizh÷4.4 . iwAn114" FOCR•1
4.1(11,+ ill..XR913 5' FY.1111
LTCf6T (1c.t h;i1
U) fltiM 14141 hl+• X f•anithb+7
Federal Negarit Gazette No. 22 14th January, 2015 . ...... ...page
NIC3•7 PA17175" 11(11,1 7964
11.e fa)11AI
unable to discharge the
A) FPCP/•7na • wz,t4 responsibilities as a member of the
Board of Directors as shall
(160KI,A A3tA Acn.l1 avg. anu'4+
be determined by a majority vote of
N14.09° NICR1 5411
the members thereof; or Ministry the work program and
budget of the board, and implement
fails to attend at least half of the
same upon approval;
meetings of
effect payments in accordance with
the Board of Directors over a period
the approved budget and work
of 12 consecutive months.
program of the board;
13.Powers and Duties of the Director represent the board in its dealings with
General third parties;
1/ The Director General shall be the
chief executive officer of the board
and shall, subject to the general
direction of the Board of Directors,
direct and administer the activities
of the board.
2/ Without limiting the generality of
subarticle
(1) of this Article, the Director
General shall have the powers and
duties to:
a) exercise the powers and duties of
the board stated under Article 6 of
this regulation;
b) employ and administer employees
engaged in support services of the
board in accordance with the federal
civil service laws and, in the case of
employees engaged in the core
functions of the bdard, in accordance
with directives approved by tht.,
government following the basic
prepare and, upon review by the
principles of the federal civil service
Board of Directors, submit to the
laws;
Ministry the
prepare and, upon review by the performance and financial reports
Board of Directors, submit to the of the board.
1fi A7t.lifS6 1.7 'PC
A.g.1,A 04+ .9ti,a1 411•C
A.e6h14 AOCYt•
grc
4' +ATgS"
1145
11°L.Plig.A1 avail e'Airilg +1114.1
ilhkA Atic4", tutT
hgA
10G•1
fla41AC A,l1T ATIlAs:
11/100.PPT7 hAavanill.fir
TO. 111E÷ 9°71b
c0Z++
9°16r:
OCR. rfiA01,.e9DT7 airs
h/
004)004
htlang'41A1 lan.0"Z (1X4I
►14.0.90 hild.47,
?lc
iltt°
°93 m•39° vM J maritthh apasDT ?
fti ani1111 .e.e.HAT ,e,m11.+Al
fRC.9A:1
0/ h1i,A4 9"166 4
frivanhZel*ar fri41 ilAnotfP47
Ik.tittrapn avirpni
AA000011141
flY.1/41 01)%9 haPPin+ "Wm ?
1;/ OCR. erairvs" HihA 4)..++ a1,11li.C441 ?°10"1/11C"
(1.1'1A ?WA+ 5a
evApn
arniem1 AgmAsi
R/ roc.f4. ry.upn ovitapnls 1'}Hh1
ripqa) 1 1 C
ai,e9" 935a)
1,4.4•C florMeaDar
N.1.4•C
°Man.*
,eav4avG.A.:1
2/ The books of accounts and
financial documents of the board
shall be audited annually by the
Auditor General or by an auditor
assigned by Auditor general.
PART THREE
REGISTRATION, CERTIFICATION
AND
1/ nu/. nn.0 hl+Ir 7/20+8 r?
MONITERING OF PROFESSIONALS
(row 44'
M+Cil miaDAhY h41114a) 16.11aigral
hc,'c
The Board shall keep, maintain and
natrwaim• 17oaD6f hatiemnip 00404 update registers of professionals
PC h7 4.+C.11 specifying the name and all relevant
Federal Negarit Gazette No. 22 14th January, 2015 ..........page 7965
particulars of every professional, and
registers of any other matter it deems
3/ The Director General may delegate necessary specifying the relevant
part of his powers and duties to other information regarding the matter.
officers and employees of the board to
the extent necessary for the efficient 17.fteistration of Certified Public
performance of the activities of the Accountants
board.
1/ any person who satisfies the
14.5ource of the Budget requirements relating to
qualifications in the field of
The Board's budget shall be drawn accountancy and has a minimum of
from the following sources: three years' practical experience in
the field may apply to the board to
1/ annual budget allocated by the
be registered as a certified public
government; and
accountant in such form or manner
2/ from other sources. as may be prescribed by the board.
2/ The Board may require an
15.Books of Accounts application under subarticle (1) of this
Article to be accompanied by the
1/ The Board shall keep complete and prescribed fees and such information as
accurate books of accounts. may be determined by the board in its
directives.
11V 2itiffS%
4g6•A
mu."' 41TC SI 'Pc % +1 int% ,.r
th January, 2015
Federal Negarit Gazette No. 22 14
page 7966
(MAI:
a) is a citizen of
P./ MR h'IR• Ethiopia, or
Am ►7A4 where he is a
00Ah4Ath ? noncitizen, he
Y.1141 gAaof holds a work
0) 111.911ky 11,415+ f Aar" w.er permit or is
arofruG4
legally exempt
h7/4.+9'A
hAin ffrulo from holding a
Atioc+P work permit;
ha7+441
tAm7 &eV" ?/"G• (Mfwaim is a permanent
`7.e..4 IMO 59 ?tA4171 avanGt resident in
fl°2cuMmt Ethiopia;
6 ? h.*.frg, ?awl
A) fleaN .13 (01111 *(1. 543 is of good
milAnY
character and
11'511
?olia).11.t• 1 has not been
f„,47 convicted of an
h74.111114 offence
al) °DOW° "i 9"111C ,PAmS"
ltan.e+a) involving fraud
or
11°77AA aLer 11°76V11CAC
ATIsAis
3S" dishonesty in
w1XA (1°77Vm9° 01C 144V 0 3/ The Board any country;
tA÷1771 shall register
hm+151 the applicant as
an) fit 13Y.1111
a certified d) has
public successfully
antri7 A°74.911' rl11mar7 1.÷q
coASr° rtic .9A4.'31 ,15' accountant and undergone such
enter his name exam ination or
and such assessment to
particulars as it be given for the
10 ) tlf1.00 YtC, MA.A71
considers purpose of
relevant, in the determining
havAtiT 119"6"
r17.4 register of whether he
certified public possesses
arl lideT 0114gPIT (14400Ah4dWca adequate
accountants
4 an71141 I15 where the professional
PY.uPil (1A00.11$13
applicant: accountancy
f1a7Als.0
?Y.'741 (1A0053 .eaDI11 know ledge and
skills; and
condition for a comply with
e) has paid the prescribed fees.
certified any
public continuing
accountant to professional
be allowed to education as
remain in may be
practice, that specified in
the certified the directives
public of the board.
4/ The Board may require, as a accountant
18.Regist Certified 0011hZ41
100 iJL ration of Auditors
hAaporsiti41 IS.111
outP4 intends to certifi and
r17..4■
fi/ e•q.+C floptre +
11/Any practice as an ed manner as
Aa1AG1
certifie audito may be
dpublic
auditor may
r in prescribed
accoun apply in writing
OCR fitlf (Dalin. such by the
CCP' ?IS tant to the board to
who form board.
be registered as
h41 oGf hartoiri. shall prescribe ed dir
11. feti be d fees by ecti
f/ (Ku h7+R• 2/ An
0) acco and such the ves
70A h741V application
11C qu mpa informat boa
(6) 0D/1'4+ .9 under sub
nied ion as rd
f°V+C41 hc article (1) of
mianAhY aw this Article by may be in
anti the determin its
0064 PC 014 441 itA(1491
/it
RIMS% 4RGA y9G .911,41 di) (ic3• qmamp ana06.r orw,44
411`C Si 'PC Z +1 Ira
÷to. raDll °MAY 4rUC+
AcornAK' °7P47.11
r/ OC R haDA
an)
►7.t•aDelh4A+ 1•4.÷C WS"
AaDA fulfilTA J'Am•S' OCR
(Imako aDoDGf
P÷anith4A+ fY.411 (1A0D.? antn7i
11C3• ( oala, goanG,e l'÷anAhh+1 +PVC+ (111,U 613/044•
miti4C144" P°Z.fia/ti antrvn m
9aDAhYa)7 11+411(1÷ VI,
6'nhhA
meets the requirements laid down in the
2'17P 56m÷ "AIL, opl117I hS directives of the board;
w) PC4• fli'VDMa) 7.11.5" hhA7
has made such arrangements as may
anw4+
A114÷ °74,9/6% 9°C€706, be provided in the directives of the
ht..111 fu. aptfl•li board, for continuing professional
education;
11.94.91?
rhanAtiV7 Arc &req.
avaPT (11.0DAh44Ta) latPCT awn
141 4.e
► IKPaDAIMA4. N.q.÷C has the necessary competence to
Aantlifl•PAI: practice as a certified auditor and a
period of one year has elapsed between
the date he has undertaken continuing
Federal Negarit Gazette No. 22 14
th January, professional education as
2015 page 7967
provided by the directives of the
3/ The Board may register an board and the date of the
applicant as a certified auditor and application; and
enter his name and such particulars
as it considers relevant in the register
of certified auditors, where it is subjects himself to quality assurance
satisfied that the applicant: reviews at such time and in such
is a certified public accountant; manner as the board may prescribe.
comply with
9/ OCR,• 2'17.t• ÷ti,+,4•A fool' 4/ The Board any continuing
liar °71A115 1 may require, professional
h7g÷aDAh4A1 9PVC÷S as a condition education and
N4.÷C anA44 for a certified training as
AAmS' l'onakAP auditor to be may be
1114.41%
molar '04.r/1 allowed to specified in the
apanG, remain in
A.me+ak directives of
(1°VollWo practice that
.E.441Als the board.
aD/04.1. he has to
N7X (4'am h74r )1
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1141 R141 hita241 (113 4
public sub to practice
mr 1/ On account article as a
ulc
receipt of ant (3) of certified
h•IRT
an where Article public
h÷w4n
application the 17 of accountan
aig.51° under applica this t
h÷auIRI Article 17 nt: suspende
regulati
m.e.9° or 18 of this d,
on;
regulation, does cancelled
19.Refusal
the board not or
to Register
shall: satisfy withdraw
Certified
the n in any
Public a) refuse to require has had country;
Accountant register an ments his license or
s and applicant as specifie or
Certified a certified d in approval
Auditors
4.C44 tiV/111
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Federal Negarit Gazette No. 22 14th January,
certified auditor where the applicant:
2015 ..........
pa8e 7968
does not satisfy the requirements
(3) is otherwise unfit to be registered specified in subarticle (3) of Article
as a 18 of this regulation;
certified public accountant; has had his license or approval to
practice as a certified auditor susp
ended, cancelled or withdrawn in any
country; or
is otherwise unfit to be registered as a
refuse to register an applicant as a certified auditor.
4.6fra)7
I/ PCP/. fltiN flit'ffrc
h7+X• 00104+ ?
AAAat÷el.
Pint] wionAhY .
OCR' A.,
9+4117 Am.
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2/ Where the
Board decided
to refuses to
register an
applicant
under this
Article, it shall
inform the
applicant in
writing of its
refusal within
five working
days.
3/ A person
aggrieved by
the refusal of
the board to
register him as
a certified
public
accountant or Board of or legal decision of the
certified auditor, Directors for analysis that Board of
may within 30 review of the would support Directors shall
days of receipt of decision of the a decision to be the final
the decision of the board and such register him. decision of the
board apply in application shall board.
writing to the set forth any facts 4/ The
r/ fic44-
3/ The Board shall register the applicant firm and
enter its name and such particulars as it
considers relevant in the register of Firms, upon being satisfied that:
?ton na- nal
U) 0.11.9° apU'7-71 MA
ex-c 114-SimA
na OCR-
anc4• A) X`Ck.h M
rlfcnala0
N,PIA7R-
the firm holds
A59°111C
a professional
R,741 A°711(1C WW1 hl+P
indemnity
(1)1
(E) S (P) insurance of
apt11-71 such amount or
k3.-92514 provides such
-PgJitnt other financial
th) K•Ck.h OCR- 11°Za)(60)-
AU'S71.11 guarantee as
onml the board may
13711111 fon-, ang•I ?1(1
determine.
a).E.9u AA all of the
9311+5* fi'Xf+c-ti partners of the
firm are
a.94.7111 PhoDAW7 PCk.T.
hS" registered with
the board;
anGX5DT OPCk+T 00
4/ The
/Le there is a
written provisions of
Ofillg.0 NIX K•eki- undertaking by sub articles 2, 3
71111 the firm and the and 4 of Article
partners 19 of this
individually Regulation
that they shall shall apply to
be any complaint
?K•Ck-l• that may be
bound by the
lodged in
ficloulth4- A°7 4'c1i Code of
connection
Professional
mrAl co-SP) with the
Conduct of the
4.4.,4- PN.0 registration of
Board ;
R.Ivn h7411V firm.
1* Dune ILRGA *i.9•7• ?HA 41 PC ti 'PC
PY.441(1A0DfmT
X +1 in.x f4.0D11h4A1
mfg" K Ckh
fi/
(BAP Poo,P frI, ?r(hw ?•01311111m fl°76LbfIC(IC to,er
m4+4. (VIA enillA stn, AACA(1+1
al.9T WS'
iwz*?a) ?9°11hC
(1)4+V) ?Pim elm 7111(1 Nritin
farCA::
9°111(1m P411411
mf,9°
fi3a)91) liar f9"1170
(DAP rou.9 fr1.•
m443hl
AMR•
animAA hA(1491
r111117
mer 11A001141(
1/ The Board may either suspend or
5/ A certificate of registration or a
cancel the registration of a certified
practicing certificate shall remain valid
public accountant, a certified
for so long as its holder remains
auditor or a firm, and remove from
registered. A person whose registration
is cancelled or suspended shall the register where:
immediately return his certificate of
registration or practicing certificate to the certified public accountant or the
the board. certified auditor or the firm has
obtained registration by fraud or mis
representation;
22.Cancellation or Suspension of
R141 hr1A G FY.1141 longer satisfies
A) ?ttio11h4A+ or has acted in
(1A0D.fm•
£Y.1141 h4.1"/I breach of any
mfg"
(1A0YM1 directive of the
f•taD11h4A
board;
PstanAh4A+ ÷ M.M. nal"
Lu)?4ap11h4A
1•4.44 co,e,9"
1. FY. 411°,4 . Pal the
°93V m39° 01301 registration of
PPC,es1 ?.tan1 h4A+ 11.4.9'111 the certified
anonLY f°7fh 1141 11A0'fm mf,9" public
41C As, (DAP A) ?4 accountant or
rarer() 101qc certified
an1h4A+ ?Y1141
hh9°.1 (liagN.P(Thl
auditor has
904. gm' 11.4.91TI 94 been
RA .9C 114,e,eti 0D11t14A÷ suspended or
th)f÷an1tih4A+
m7YA Oh.11 N.1.4.4. cancelled by
rY.441 (1A0
k,e9" (DAP .tckh other
0,em. mfg" f4
Al11C
0D11h4A+ 0' hil.÷?•k,e ( professional
h01(14AA arat 14,t• WS" accountancy
l'Y.441 °70(JC 1APJAa/7
body of which
14hAV
P,1R mf.9" r111141 +al+
YA01 ova he is a
h°71•6Lb
l'4•1411 11,ir71 anAarb member;
flA,Aw• NAC
11s4,91Til
aD)P4.0D11h4A+ coA9° the certified
FY1141 public
the certified
qA0D130).7 rtnvn +al+ accountant or
public the certified
h÷am(liI accountant auditor or the
f•tonAh4A1
or the firm has acted
mf,9"
certified in breach of the
iVPX7 a),e9° auditor or provisions of
Aim PPap11h4A+ the firm no the
Proclamation and abroad jurisdiction the certified public
this regulation; for which he could public accountant or
have been accountant or the certified
the certified public sentenced to the certified auditor or the
accountant or the imprisonment auditor firm has
certified auditor has without the becomes submitted
been convicted of an legally incorrect
offence involving option of a fine or interdicted.
information to
dishonesty, whether in case of the firm
the Tax
in Ethiopia or with fine;
the certified Authority.
9°1110
m.er
ZnSfek
/Jul, ?9°11bC m4+4. (11.9T
4ITC ti TC X +1 EU g9°
6.„RGA ti9G9t601
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I/ ,eavIcAll
PCP, ?9°111(11 wg,9"
1/ '71Va)9"
?op-, ?trmeih4A1.
?rtitiC a)44'.1.1 eifiC11 frtitiC N4.4C l'omf
m447+1 cftim39° elm• ?rtihC m4+h ?"te1tI1A(14 VI,
hfiA00.,(3 5134. te941.4'.* WM* mC
01371141 AwCHTAH (1C9:
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?9"11}1C m4+4.1 11..91.t ?POW
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?ftlm'39° nm• hilA0D.0+ ?Y.441 (1A00, ?rtiY/C co4+h
11,1A1A(14 v h;1741.4'+ hhlk mC
0/ PCP/. ?ring, (n,e9" l'001)
(11.4
m4++, wY9° anC11
tiCI1+ tivw4+ ?It'fh.c ilanAhY
ht/q1.1 IlmifIA• WIC M' 1106R.1 (r7A1(14 ?PIM] ?r6VIC m4+Vi
(111Tm• e1.4" .911,a1SDT AW11.1
440..4,e, +5'1 (1°9a•ti).1 tri141 :4/ (111.0 hl+R• 104) hl+R" (g)
h74.,Par+ar mi.t41 mR,913 (r) anw4÷ ritt+cfn
mionAhy h4s/11.0)
U. ?ring /A hi" h.td1÷
h.P hS OCR,. flananG.P haZmirim
:4/ (ICR, (111,0 A141 h141V i ID•ti aria .9C 014441 hlt(1491
WH''
.4/ Pc.:
(6) a),er (f) (10104+ ?wifIalm ?
haDA11f PPape1h4A+ fite141 (IA
1/ A registration or practicing
on-y mM° .t*Ck+ hIgh1114151
certificate issued in accordance With
(KU K111 10e1
subarticle (1) or (2) of Article 21 of
(E) a),er n 10A h7+7v (I) this regulation shall be valid for a
period to be determined by the board.
?4•antthb+1 apiw6.C44 i'LP°211
2/ Any certified auditor may renew his
hin
practicing certificate by filing a written
m4++1
application to the board, not later than
.11.K*AAA1
one month before the expiry of the
practicing certificate, in such form and
Federal Negarit Gazette No. 22 14th January, manner as the board may prescribe.
2015 ..........page 7971
2/ Where the board cancels a
registration or practicing certificate, it 3/ Any certified public accountant or
shall also cancel firm may renew the certificate of
registration by filing a written
the holder of the certificate from the application to the board, not later than
professionals' registration list of the one month before the expiry of the
board. certificate of registration, in such form
and manner as the board may
3/ Where the board suspends a
prescribe.
registration or practicing certificate, it
shall suspend the holder of the
certificate from any professional
services for the period for which the 4/ An application under subarticle (2)
certificate has been suspended. or (3) of this Article shall be
accompanied by the prescribed fees
4/ Where the board suspend or cancel a and such information as the board may
registration or practicing certificate determine in its directives.
shall publish a notice, for three
consecutive days, in not less than two 5/ The Board shall:
daily newspapers of national
a) renew the certificate of the certified
circulation notifying the public of such
public accountant or the firm if the
cancellation or suspension.
applicant satisfies the requirements
23.Puration and Renewal of specified in subarticle (3) of Article
17 or subarticle (3) of Article 20 of
Registration
this regulation, respectively;
%110f41 }94+ :nt.at 41TC ti +1 Mt% ci.9° Federal Negarit Gazette No. 22 14th January, 2015 page 7972
(E) `ICTivSP'
A) hanAti i'÷an11h4A+ ?Y. 1141 (111 9.417f+ 717.P.4.
does not satisfy the
requirements specified in
00.(3 me9° an11h4A+ IAPC subarticle (3) of Article
A00013111/1 17 or subarticle (3) of
Article 20 of this
(6'.) NIKiti(1415h (Ku K141 hIci'X' 'fit hAo', I regulation, respectively;
Poo,reffie. or
(r) mfr to+x- g 101i hl+ft' (L)
fir/111c co4+67
kePti is otherwise unfit to be
?tanAhb41 aneq.C44 ?rnir'211 aLer
registered as a certified
public accountant or a
(E) (MA °9S m9° 9°h1,1)1an11h4A4. ?Y/141 X/ Pcgt nn.0 hl+R•
firm.
(IA00%11 cn,er K•Ckl Aanan0141 414 11A0'51 "w4+ ?WM"
hanAll* f9D11Y1C
rgovvi ?raw co4÷63 m4++ '1A°/RA
(IAA" frtitiC
di) hanAlA PVont1h4A+
co4+67 renew the certificate of
flitu
the certified auditor if
X,141 rh,„?1 Pi—G the applicant satisfies the
1011 hl+IC (E) 4s+ mtrr requirements specified in
(0) Prt•anAh01 oviwl..C44 rte subarticles (3) and (4)
'VI AhanAhV (l direr of Article 18 of this
°VIM' hATh' regulation;
tin ?on,P
?9°11hC
w1 "I YPAA.4Al fArAhC m4+1
refuse to renew the
ap,"447 AA
an) hanAti ?t•anAh4A+ N4.4•C: certificate of the certified
(4)
istAhA auditor where the
applicant:
Otto K141 hl+N °93V m9° Am
10•11 (1C9r. Mliau• does not satisfy the
(11.9T requirements specified in
2'17+P (1."),► "(f2) ?4•90Ah641 subarticles (3) and (4)
fr111(1 aLer ?on..?
of Article 18 of this
aniu'A.C44 rrtihc (04+÷ regulation; or
ht111
11,e5)40) tufsr
has had his license or
wf,r 1•9°AbC (D4+h approval to practice as a
hb,A7 hA01 (11 certified auditor
(0) P.PC suspended, cancelled or
withdrawn, in any
CPS" NI1. n+T.490 country; or
?÷Amm b) refuse to renew the
certificate of the is otherwise unfit to be
fli'4Vm9°
certified public registered as a certified
accountant or the firm auditor.
01C h.41.KT htu'411 co.er hPcon.RI coAr
where the applicant:
certified auditor
24.Prohibition against whether directly or
Practicing without indirectly, by himself or
6/ Where the Board decided to refuses renewal of a Certificate in partnership or
certificate under this Article, it shall inform the association with any
No person shall
applicant in writing of its refusal within five other person, except in
practice or hold him
accordance with the
working days. self out as a certified
terms and conditions
public accountant or
(10(1C
ZILINer 4:RGA y9L PPanAh4t1Tat.
.9tLal
•ITC H TC
itit% i.r '114.1
11+119436 1121664" apanConC
hAA wilVwg° Aar
A11.0 Win
9C frfiChg m,e9u (1°7111C hIK÷0 06h4
?Y.1141 o) (1M.ti7
(Ler 211KPaDAh4A4 onal4 flipeuar wg,qo
hxcei.
2•4.4.0
e.-- 1,.arywr fiAm Ow
co,er ;146.1 °74.441
m.,e.9° 4:191C ,'C .PAI
hATAPH
m9371al19"
til7(1415.1
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0°11141 ?M.+ P'4 a)4+15'
apar Awl*
ASPS aD11141 ananCaDCS
PVaD6h4A+ PY.11.11 (Than., fi.temilh4A+ apa)6P1 (DAP hoLbC
m
h rhC tn.er
(1÷9001(1a) tioD• mg,9° AA aria Aawr
9ti4.a)71 arirri
11.5°C OCR 11°%,Pcnala) anaDLY arlu,44
A) h2.4.111 h7i6h co,er h4.4' 1116a)
Amm• (111.41 (110. +5"4 irkflT Amm.1
m.er
AMR "711a4 hAf149:
.7C Pe L "/”.5.1.
f•tonilh44ar, taL•te*T7 1110÷ hilai• Oar m93Va)19u a')?
114.9164. SmCanG• (DAP
m91144.9 A.tn,e+
?)./ Phi% hl+Nrfi P1.9% ,IIK1m(14' WC°
OCR. (DAP OCRs. t17eir l'°P111 FAA g/ AMU hl+X
01C ?Y..`141 °Th.(' 106 2`11+R*
511°7
.t.farlaiL PCk÷i 2'107.4T co.er /WA itinL `17171ar9" ?.1006h4A+ 2.4.4CT
T ?Y.141 001 °71)(1C mf,9" AA 7f6hi
rtpai6m m.er
M'c
?C Pit"4 13
?Y: i41
7
Pn °71 a)9° ela). (10C4 w.er OCR.
(1Rtit. awhAm
flAtI,÷a}.
I/ Without prejudice to the provision of Article 25 of
aLer (1+11114 .LE'C ,eAl milVakIr the Proclamation, the board, or any other countries'
W7(1115÷ ,PAcu. 90111411. accountancy regulatory agencies, regional and sub
regional accountancy association and other
m4411 mluf.c
international accountancy association, authorized by
co,e9D 65P '1+441 the board in writing, may review the practice of
hA11+31 certified auditors and for that purpose, are
authorized to:
inspect any relevant book, audit working
Federal Negarit Gazette No. 22 14th January, 2015 papers and files, document and record in the
page 7973
possession, or under the control of the auditor, his
of a valid certificate
partner, employee or persons associated with the
f*tration or practicing
auditor and make copies of or take any abstract of or
certificate issued by the boar.; extract from any such book, document and record;
and
seek information or clarification from any partner,
employee or persons associated with the auditor.
25. Change of Name or Particulars
Any certified public accountant, certified 2/ For the purposes of subarticle (1) of this Article
auditor or firm shall, whenever there is a change any certified auditor, his partner, employee or
in the registered name or particulars, notify the person associated with the auditor shall, at the
board of such change within 14 days of the request of the board or any person authorized by it
change occurring in such manner as the board in writing, produce any relevant book, audit
may require in its directives. working papers and files, document or record in his
possession or under his control.
t(.ufai
ETC Si TC4') Pi
th January, 2015
Federal Negarit Gazette No. 22 14
page 7974
OCR.: (1A11 Am 7.16 (0AT ha.A
It%. opal .e4 AA°7.t41
U) tIanh, (IA+ hv'A+ 0)C 1
01C it+c AC6P1 ilWak Otte fmniA::
1/The Board shall publish:
not later than three
.916a193* AV/14 I•hJ..4•A +c4" qa0 4"t ?
months after the end of its
gitoThYPITI Ar trima1+ M. g• 41 M(t 1 financial year, for three
i0)• •1A° ?°7•
fin cartra consecutive days, in not
A) A01141 ,e4. Y9°111.11
less than two daily
P./ OCR hA4.111. 1
newspapers of national
circulation an annual list
MA011%1513 4. Ar
of professionals registered
by the board;
Qv/
1:
?ft, 2rothln.ti
maintain in its public
register and on its website,
7 a current list of names of
00.111 hAf1.1 41g* .eS°49'Ait professionals.
2/ The registers of
r 7,,Pwa1fl+ K professionals shall at all
reasonable times be
,1PIT1 a0i11•1 •.111.0• available for inspection by
VW,(' any person, on payment of
the prescribed fee.
g/ ?t1A0D hirlAan•fr* ?IS
°71Var9° ela) S;fm
3/ The Board shall
h°7„flica) periodically publish an
hA" ("7?1. official report that shall
e'1,4"4 ,9C ? contain such information
rni..?dIA4;fa).1 flGTC•b that the Board may deem
aLer 11P417rT necessary.
flibith+CAlft auX'th,•t 4/ The Board may
0).,e9° tleAT maintain an electronic
hav tLJ5 milV•l° 1,16
?Mai homepage and publish an
h14.tr3 11,,PAC/ ebulletin that shall
contain such information
kseklea 4.90upc+ that the board may deem
OCR hS 4.4•CP* necessary.
MAIO, c'Va) 41A° fulfrliVf
5/ The Board may cause to
SS. fop." 41..÷ be published in its official
04 ?.? H. GTC annex** s report, on its homepage, e
bulletin or in a daily
t?1.16m newspaper, the decisions
r÷ruc+
a)1 ana5 grcie-r) of the board with respect
.CH44 to professionals and other
activities of the board.
27. Publication
PART FOUR Contents of Education
28.Professional Programs
EDISATIMANDral°nZiAllaNS Oualifications and
114 figlefti*A develop needs of both
OCR i'Mr PIA NCtg c41171.1 m9°2 The Board shall, qualification the
PY/1•1 (1/10m.9P4 hb,A7 fop, based on the requirement government
4.P.I.A7 0),e9° aprid.C441 XS' standards of the s and and private
f+9PUC4. International contents of sectors
71I7 4"1•01 hhA
TC11,•9° Federation of education efficiently
,e11447 .1H.9 f Accountants or programs and
Au
?aa3/A4
K4X5"4.1 aDA44 V9K*4i
its successors, that meet the effectively.
40A PCX.
roy:th accredite partnershi qualificatio
h1 Board
4441,e+ d by the p with n
shall
Amair tal.4 Internati them in
TG'S flhAr h+c establish
onal joint
zituria 4,R6A y.94+ PHA 4vrC $i 'PC 14.3 CU 'Er MfATA r WU+
MET To+
MA hm45' owl' °WOG+ fil..Room• Am
hA flananPi4.1.
.9C 119"411 flanCmC (141141C AAL•Au
7•AK3 WritPX h7.1,R•
hW1. ;won+ GflX (r) ainP44
AmUl?op• ?)111 Am/PT ,e,anGAli
Federal Negarit Gazette No. 22 14th January, 2015 ..........page 7975
0. MCA- AA°7_,..÷.P. MAT& hrt
requirements are high quality and can command
fi/ flWP
international recognition.
?in 9. ?tanAtih÷
K*1.9'04 ?‘")KVmfit U5w ?PCP/. TS PART FIVE
ii(14.3°1/ horCilL 60D fluil+C
DISCIPLINARY PROCEEDINGS
41A+ ?walk Y'141 (Ler PC14 neri.
414'04. Winn ary Proce=gs of the Board
ana an 71' kitinC
al,er AV K141 aLer (MU K141 1/ Without prejudice to the provisions of Articles 36 to
42 of the Proclamation, the Chief Executive Officer,
(moth ?floe,/ ananGf mg,r
upon the recommendation of the investigative officer or
based on the information the board obtains on its own
Mri(IC K141 flhanwh4A+ ?Y.441 fiAon
initiative, is satisfied that contraventions of the
filta11wh4A1 )01.4•C (Ler 0.tCk÷ +1VA . proclamation or this regulation or directives or the code
11A° h'I1.539"1 of conduct issued hereunder may have been committed
by a certified public accountant, certified auditor or be established pursuant to SubArticle 3 of Article 38 of
firm, he may institute proceedings against the alleged the proclamation.
violator and refer the case to the Hearing Examiners to
fring that the defendant be
0/ MA 11(1.504. ? suspended from
an) (M4146 havirpn practicing the
+411a)7 a7A43; MOW w4+h9° ?
Mop. 4,e. Nct/i./P Mtn AwL05(1+ profession for a
specified period;
ht 0011. flonA• wJr
4111 2/ After the hearing,
(MLA that the name of the
if,Hearing Examiners
14,91en.A vflAar defendant be removed
to) 44146 h41C S671. are of the opinion that
tionarl nhti~l7f 1f, YAflAm ?1,t111 the case under from the register;
h'3)~ r41: }PIM+ an+thl. consideration has been
proved wholly or in that the defendant pay
ter4h411.÷
part, it shall make a a fine not exceeding
i/ (ULU finding to that effect Birr 25,000.
w.er httf
h7414 70A )%741V and may make any one
?+111+ 3/ No individual or
or more of the
c•iA (g) °moth
following orders firm whose practicing
pm, against the defendant certificate or
having regard to the registration has been
to44' ,h ?;1R m.er nature and seriousness suspended or whose
thelii. 4.14• to.e9° Ann of the violation: name has been
witinf)+CP ,114.1? hearti1(1 ?÷/04t1 removed from the
1tna•I IAA41 mf.9° RCk+
that the defendant be register under sub
reprimanded or article (2) of this
A) ?thigi. ?on,f cautioned; Article shall hold
h7A•fanAh4A1 ?
w,e9u himself out as a
VIM] that the defendant's
certified public
riwbC m441 hlitautt (lAnnf I r•anAh4A+ practicing certificate
accountant, certified
I or certificate of
aker auditor or firm and his
di) .thi16 registration be
.t*Ck4. m1+441 certificate shall be
withdrawn;
hanft• X14. h.f.TAPI deemed to be
cancelled until
%Himd„KGA 1?4+ PHA 41'PC Si 'PC I +
1fi 471 hS WIPP] mg.9" ?on f
In.% 9.r ?MOW m4++ h74.a)A.t
mg,9" m,e9u
rlanAhY anu"41
h74..4'1.t Am/PT ?Aar+ (D11% m4.,Pa0
Ate. +an arrir141 hAttAVC
41..7("/
hlRetwal
hcA AKIR
i'4•11A1A1
A?. Al K7,71.P4
£m?+ 11079°T rhil nar45D:f
faitif.91GY .t77LP:1
?,e1(17
aPaL1 hAtOai+
?3"../ 111W £141 44.KY11m• 11.TC9"1"
K•4A ca.O.a)
,e,V X141 haDPS'h flL
h114,e.d.R9" tlAa tV (1A 1+C
h14..41.K• m.er (100 hapi1i41 h74.11) 0) 11°77Vm•9° GTCt Mio(1. MIA pil•r tPy
flat+ MAi11°4 the register and to withdraw or suspend his certificate
of registration or practicing certificate shall be
(LAT ?4?
effective immediately, notwithstanding any appeal
AU K741 haS1+ which may be pending unless the hearing examiners
Jl+ x9°C expressly suspended the operation of their decision
mIrP pending the outcome of such appeal.
mbrinAhY 114'a flti.V R741 00E04+ ? PART SIX
tarinh4A1 ?Y.441 k
14
(DAP 4avAh4A+ N1/.4•C aDALC1.
31.Transitory Provisions
(1,1"2119" m9aDAtiYa1"7 11(14.441
1/ Notwithstanding the provisions of this
?4.4.4'Rm• 2,t6 hotenAii. +7
regulation, any person who, immediately before the
coming into force of this regulation:
XPC Am44mC hh9"(11.
a) was providing accounting or auditing services
YAAAm 2,t6 'Leal:1114 h1Alivb7 aplim÷
to reporting entity, may continue to provide such
11..PPA ,e 441A1 services for a period not exceeding five years
beginning from the closing date for submitting of
Federal Negarit Gazette No. 22 14th January, 2015 page 7976
application for registration, if he applies for
the period of suspension has expired or until his registration within six months of the entry into
name has been restored to the register following force of this regulation notwithstanding that he
application in writing to the board. does not meet the requirements to act as a
certified public accountant or certified auditor set
4/ The decision of the Hearing Examiners to suspend
forth in this regulation;
or remove the name of any individual or firm from
°70DAhY from the closing
A) (11,419° hittl Am . b) was providing date for submitting
9C aChc AR•Ck1. (P Ati.0 R.741 al'u'44 accounting or of application for
.t•Ckh audit services to a registration, if he
Aa77Va)9° h+r,•(1.
Ac"c'WH1 °MO. reporting entity, applies for
MIA mum w.er whether on his registration of the
Mi.A1(11.7
eN4.4. /we• own account or in firm within six
(1,11/119° partnership with months of the entry
ke1Aont1 an? f*? "70°Ah3a)7 other persons into force of this
Am Alfl under a firm regulation
A°9 G41 ?fg.+Ra)
name, may notwithstanding
tiK111 2.t6 hailf(1.+11+ 4'7 continue to
that he does not
XPC Aw0mC provide such meet the
Xre) QM Agq1=t services for a requirements to
tal,4 m111' ,P Am VI. 4.eaDir111 period not operate under a
?114.00t111110 it1Altrh7 an11m1A. exceeding five firm name set forth
+TA ATtlAu years beginning in this regulation.
•nt Znsfez 6.KG•A tae 'Mal 41TC i TC +7 iriti 9.r .K•Ck+ ahrf1.1 '}1704 VI wi'P (KV
R/ flti.V h'34'N 8741 he f.1)77 K741 anw4+ V7K•41 PC14
i'mLetot►ia)7 arIP'1,C+ h2`14911 103+fl A
X14.eiT ?4•1,4).KA.1 co.er
allaDAhYm
Federal Negarit Gazette No. 22 14th January, 2015 ..........page 7977
with this regulation shall be rejected after five
years, if such person or firm fails to meet the
2/ The application of 2 per on or a firm allowed
requirements for registration set forth in this
under this Article to continue providing accounting
regulation within five years from the closing date
or audit services without registering in accordance
for submitting of application for registration.
The Board may issue
avonL., E/ gan, 2/ No regulation or
directives necessary
twAni7 17°L44'47 directive shall, in so
for the proper
°r3 m•4° K741 far as it is inconsistent
PC4. AU"f.341 Ot1:01 implementation of this
ai,er autioG.? (11W 1 with the provisions of
Atnitid.ar regulation.
741 ntanAh++ this regulation, be
Pazy11e.A7• anon&
7.14?4. *IA +10{"Z 33. Repealed and applicable with
f$D41
hAlr79°:: Inapplicable Laws respect to matters
friqi• OP. AM fInLoill+ provided for by this
A1tm9.r.S°4*ak. 1/ Subarticle (3) of
%IL regulation.
?AAA Article 5 of the
.et) .e.741 Ethiopian 34. Effective Date
fik .9°X Am9**9° ./6.1
?maim• Civil Service College Re This Regulation shall
Nonni+ +1 Yre' ?OS" establishment Council enter into force on the
rhc
AtfcAll of Ministers Regulation
date of publication in
th'PC hfRA/nfinx the Federal
20+P No.121/2006 is hereby
32. Power to Issue NegaritGazzette.
ki7+1V (r) Directives repealed.
f.7.11
Itkil hnn irc
t3ital
MAN
fheilkitf 41.4
49; 4.91'hoAre
GT4110
m+4.e.°D.114C
Done at Addis
Ababa, this 14th day
of January, 2014.
HAILEMARIAM
DESSALEGN
PRIME
MINISTER OF
THE FEDERAL
DEMOCRATIC
REPUBLIC OF
ETHIOPIA