society of certified accountants and auditors of...
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Society of Certified Accountants
and Auditors of Kosovo
Ardiana Bunjaku
Executive Director, SCAAK
CFRR - EduCop - Prishtina, September 14-15, 2015
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Brief background/overview
• SCAAK established 2001, aimed to implement and
promote global standards and best practices for the
new profession: assisting economic development and
concept of independent self-regulating group of
professionals working in the public interest (new in KS)
• Associate member IFAC 2003
• Twinning agreement with Royal NIVRA 2007
• BPP agreement 2007
• Full member of IFAC in 2009
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Brief background/overview
• What SCAAK inherited?
• No experience of Audit in former Yugoslavia
• Weak PFM capacity
• No Experience on Supreme Audit Office
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The “How”
• New country - SCAAKs vision to build a PAO that
meets the needs of both private and public sector
• Like many developing and transitional economies -
new PAOs have high % of members employed in
public sector
• New Certification Programs for Accountants and
Auditors in private and public sector, Insolvency
practioners, PFM certification
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The “How”
• SCAAK program was adapted and flexibility added
to meet specific needs of professionals
• Support and partnerships are vital to build
qualifications:
– Agreements with Government, Central Bank, SAI
– Twinning with Royal NBA
– Donor support
– IFAC action plans
– WB AA ROSC
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Compliance with international
standards
• As a full member of IFAC, SCAAK promotes
implementation of International Accounting
Education Standards in Kosovo
• Education materials in accordance with IAS/IFRS,
ISA,IPSAS and EU Directives
• Agreement with BPP Learning Media – to ensure up to date
developments
• Training of trainers and examiners – ACCA, CIPFA,
World Bank – CFRR
• CPD program – required 40 hours/year
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Accounting qualification in Kosovo
• Law on Accounting, Financial Reporting and Auditing
in Kosovo requires:
• Pass professional examinations
• University degree on Economics or Business Administration
• At least 3 years of relevant experience in accounting and
auditing
Slide 7
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SCAAK certification program
• Divided in three levels:
• Certified Accounting Technician (CAT)
• Certified Accountant, and
• Certified Auditor
• Certification program courses are delivered from 45 –
60 hours in class.
• Papers are examined in 3 hours paper based
examination. Pass grade is 50/100
Slide 8
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Private sector certification
Certified Accounting
Technician (CAT)
• P1 – Financial Accounting
• P2 – Cost & Management Accounting
• P3 – Accountant in Business
• P4 – Kosovo Tax and Law
Certified Accountant
• P5 – Financial Reporting
• P6 – Auditing
• P7 – Financial Management
• P8 - Management Accounting Applications
Certified Auditor
• P9 - Advanced Financial Reporting
• P10 - Advanced Auditing & Assurance
• P11 – Business Analysis
• P12 – Professional Practice
Slide 9
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ACCA Accreditation
Slide 10
P3 – Accountant in BusinessF1 Accountant in Business
P2 – Cost and Management Accounting
F2 – Management Accounting
P1 – Financial AccountingF3 – Financial Accounting
P5 – Financial Reporting and
P9 – Advanced Financial Reporting
F7 – Financial Reporting
P6 – Auditing and
P10 – Advanced Auditing and Assurance
F8 – Audit and Assurance
P7 – Financial ManagementF9 – Financial Management
SCAAK ACCA
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Public sector certification - SAI
Public Sector Auditor (PS/A)
• M1: Financial Reporting
• M2: Planning and Budgeting
• M3: National Laws
Public Sector Senior Auditor
• M4: Procedures and Techniques of Public Finance Management in Kosovo
• M5: Governance, Risk and Control
• M6: The Audit Methodology I
Public Sector Certified Auditor
• M7: The Audit Methodology II
• M8: Financial Management
Slide 11
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Public sector certification - PFMSCAAK / CIPFA joint certification
PFM Technician
• PFM1: Financial Accounting
• PFM 2: Cost and Management Accounting
• PFM 3: Accountant in Business
• PFM 4: National Laws
PFM Accountant
• PFM 5: Financial Reporting
• PFM 6: The Audit Methodology I
• PFM 7: Financial Management
• PFM 8: Planning and Budgeting
PFM Expert
• PFM 9: CIPFA Public Sector Financial Reporting
• PFM 10: Business Analytics
• PFM 11: Public Finance and Information System (CIPFA Public Finance and ISPFMK)
• PFM 12: Governance, Risk and Control
Slide 12
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Thank You!