• Register
Return to: Home > News > Afghanistan president signs decree paving the way for the long awaited regulation of the accountancy profession

Afghanistan president signs decree paving the way for the long awaited regulation of the accountancy profession

Afghanistan president Ashraf Ghani has signed a presidential decree on the Afghanistan Accountants Law paving the way for the regulation of the accountancy profession in Afghanistan.

The law establishes license requirements authorizing individuals to attest to and perform third-party compilations of financial statements. It introduces regulatory rules for accounting firms practicing in Afghanistan and creates the Afghanistan Accountancy Board, as the regulator that will enforce the new law.

The law will come into force a month after the issuance of the presidential decree, giving parliament the opportunity to ask for clarification if required.

Speaking to The Accountant, Muhammad Zarif Ludin, program manager for professional accountants organization development at the World Bank working with Afghanistan treasury department at the Ministry of Finance said: “This decree is a major foundation stone for building a robust financial sector, increasing foreign direct investment, and dealing with corruption through regulated accounting profession.”

Read The Accountant country survey on Afghanistan here.

Top Content

    Audit for SMEs how wide should the net be?

    The European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA) president Bodo Richardt, and director, Paul Thompson share their views on a recent report by the Swedish National Audit Office on the supposed benefits of dropping audit requirements for SMEs. Interview by Vincent Huck

    read more

    Draft EU directive targets tax intermediaries

    Tax intermediaries involved in schemes that could be seen as being ‘of interest’ to the authorities will have to disclose this. The new rule also raises questions over the integrity of the profession. Joe Pickard reports

    read more

    Editor's letter: Arrivederci Accountancy

    Arrivederci Accountancy

    read more

    Comment: Cheesy take on tax

    Vincent Huck finds the arguments on compliance v ethics are full of holes

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.