Reform

Since the last couple of years, the Corporation has been striving to enhance its existing audit service and has began providing other new services in the light of its clients’ needs. Until now, it revamped its organizational structure, developed a five-year strategic plan and established a new remuneration system. In line with the strategic plan, ASC is organized into the following seven functional groups (Directorates):

• Three Audit Professional Groups (Directorates)
• Two Other Professional Groups (Directorates)
• Two Support Groups (Directorates)

Under each Directorate, there are sub groups and support units. All these directorates and sub groups are housed in the self-owned eight- storey building located in Woreda 15 Kebele 26 in the downtown of Addis Ababa, Kazanchis.

 

Audit Manual

ASC adheres to International Standards on Auditing (ISAs) when it conducts its audits. Accordingly, the Corporation has its own Audit Manual which contains ISAs and other relevant guidelines used as reference for carrying out the various aspects of the Corporation’s statutory audit tasks.