KEP Project
The project is a continuation of development of the certification programme for public sector accountants in Macedonia, achieved through the implementation of the project that contributed to continuity in the implementation of training and created a foundation for initiating the localisation of professional qualification for public sector accountants in the country.
The implementation of the project is consistent with the specific goal of the Public Administration Reform Strategy of Macedonia (2010–2015). This goal seeks to raise efficiency and effectiveness in the public sector accounting by improving the budgetary process and internal and external financial controls, further development of the program-oriented budgeting, and increasing the transparency of the public procurement system.
PACT (Public Accountant Certification Training) is a project requested by the know-how beneficiary that helped the Ministry of Finance (MoF) of Macedonia to enhance the ability of public accountants and to implement a modernised management accounting system in line with international accounting standards and best practices. The Ministry of Finance took a leading role in the selection of relevant and motivated students, who possessed adequate and sufficient knowledge of the matter. At the end of the project implementation 24 students out of 40 have successfully finalised the first level of the certification training.
In cooperation with the MoF, the Center of Excellence in Finance (CEF) selected and hired proficient local tutors, with a background in PFM (Public Finance Management) academia and practice, and together with CIPFA Chartered Institute of Public Finance and Accountancy, one of the leading professional accountancy institutions in the Unied Kingdom and the only one specialising in the public sector) trained them to teach the curriculum in the Macedonian language. CIPFA updated teaching materials for two international modules and the MoF designed a module on national public finance legislation and taxation that CIPFA approved. The CEF facilitated the translation of materials and 25 IPSAs(International Public Sector Accounting Standards) standards that helped the students understand better the complex PACT curriculum.
Additionally to the graduation of successful students and forming local trainers’ skills in order to implement training, the project has pursued sustainability based on MoF’s decision to establish a working group for localisation of the PACT training programme for public sector internal auditors. In the working group also CEF’s experts and staff were included in order to provide expertise on training institutionalisation and delivery. The project’s accomplished results will provide like this a think tank of accountants in public sector capable of planning and implementing the necessary reforms.
The implementation of the project is consistent with the specific goal of the Public Administration Reform Strategy of Macedonia (2010–2015). This goal seeks to raise efficiency and effectiveness in the public sector accounting by improving the budgetary process and internal and external financial controls, further development of the program-oriented budgeting, and increasing the transparency of the public procurement system.
PACT (Public Accountant Certification Training) is a project requested by the know-how beneficiary that helped the Ministry of Finance (MoF) of Macedonia to enhance the ability of public accountants and to implement a modernised management accounting system in line with international accounting standards and best practices. The Ministry of Finance took a leading role in the selection of relevant and motivated students, who possessed adequate and sufficient knowledge of the matter. At the end of the project implementation 24 students out of 40 have successfully finalised the first level of the certification training.
In cooperation with the MoF, the Center of Excellence in Finance (CEF) selected and hired proficient local tutors, with a background in PFM (Public Finance Management) academia and practice, and together with CIPFA Chartered Institute of Public Finance and Accountancy, one of the leading professional accountancy institutions in the Unied Kingdom and the only one specialising in the public sector) trained them to teach the curriculum in the Macedonian language. CIPFA updated teaching materials for two international modules and the MoF designed a module on national public finance legislation and taxation that CIPFA approved. The CEF facilitated the translation of materials and 25 IPSAs(International Public Sector Accounting Standards) standards that helped the students understand better the complex PACT curriculum.
Additionally to the graduation of successful students and forming local trainers’ skills in order to implement training, the project has pursued sustainability based on MoF’s decision to establish a working group for localisation of the PACT training programme for public sector internal auditors. In the working group also CEF’s experts and staff were included in order to provide expertise on training institutionalisation and delivery. The project’s accomplished results will provide like this a think tank of accountants in public sector capable of planning and implementing the necessary reforms.
Sector
Capacity building
Envisaged implementation
January 2012 - December 2014
Donor Country
Slovenia
Status
Implemented
Year of approval
2011
Contacts
Aleksandra Tekijaski, Program Manager, Center of Excellence in Finance , aleksandra.tekijaski@cef-see.org
Source of Funding
CEI Fund at the EBRD
Recipient Country
Macedonia