The main purpose of this study was to assess the impact of international financial reporting standards (IFRS) adoption on the quality of financial reporting in banking industry that is in commercial bank of Ethiopia. The study employed a quantitative methods based on a convenience sample consists mainly of respondents in different professions at the branch. A Self-administered questionnaire which consists demographic characteristics and survey questions was distributed to 30 CBE’s staffs in head office branch at Addis Ababa. Both primary and secondary sources of data have been used for the study from commercial bank of Ethiopia head office branch. Primary data were collected through a well-structured questionnaire whereas secondary data were collected from bank’s annual report, quarter report, monthly report, books and published journals of the bank about IFRS, Reports of national bank of Ethiopia, internet sources, reports made by Accounting and Auditing board of Ethiopia (AABE) about IFRS, and other related materials were used. This paper makes a useful contribution as there are only a few studies dealing with the assessment the impact of IFRS adoption on quality of financial reporting in Ethiopia. The findings based on five different independent variables (timeliness, accountability, comparability, transparency and disclosure) showed that all these variables influenced financial reporting quality in CBE. There is a positive impact and significant relationship between the financial reporting quality and five independent variables (Timeliness, accountability, comparability, transparency and disclosure). IFRS adoption made sense because it enhanced financial reporting quality and therefore should result in even higher adoption levels by CBE. It was worth noting that more studies needed to be done to link the failure rate of CBE with financial reporting quality. The result of the study will provide a good lesson for other Financial Institution, Governmental and Policy Makers for the implementation of IFRS network

Impact. IFRS, Adoption, Quality, Financial Reporting, Commercial Banks.