• 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

    Q&A: Code on managing risk in UK financial services revamp

    Following the UK Chartered Institute of Internal Auditors (CIIA UK) release of its updated code on managing risk in UK financial services, CIIA UK policy and external relations director Alisdair McIntosh discusses the changes to the code and how it aims to strengthen the internal audit function within companies. Interview by Vincent Huck

    read more

    French accountants pledge to tap into the advisory market

    The French professional body for accountants (Ordre des Experts-Comptables – OEC) launched its annual congress with 4,800 delegates in attendance, it is the OEC’s 72nd congress and this year the focus is on advisory.

    read more

    Non-financial reporting: the delayed revolution

    The now old debate about non-financial reporting has become more pressing for European accountants and firms, since the European Commission adopted guidelines specifically on this in June. Though the guidelines are not binding now, larger companies will have to comply with them by 2018. The aim is to allow investors as well as the wider public to compare data about social and environmental responsibility of the businesses they are investing in or supporting.

    read more

    Editor's letter: Big four, Big spin

    Tourists roaming the South African national parks generally have stars in their eyes at the mention of the Big Five. In safari terms, the Big Five are the poster boys of tour operators: the lion, the elephant, the Cape buffalo, the leopard and the rhinoceros. The term Big Five originates from hunting; those five animals were considered the hardest to hunt on foot in Africa.

    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.