Society of Certified Accountants

and Auditors of Kosovo

Ardiana Bunjaku

Executive Director, SCAAK

CFRR - EduCop - Prishtina, September 14-15, 2015

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

Brief background/overview

• What SCAAK inherited?

• No experience of Audit in former Yugoslavia

• Weak PFM capacity

• No Experience on Supreme Audit Office

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

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

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

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

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

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

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

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

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

Thank You!