Association of Professional Accountants and Auditors of the Republic of Moldova founded in 1996

Transcription

1 Association of Professional Accountants and Auditors of the Republic of Moldova founded in h REPARIS Education Community of Practice Workshop Meeting May 24 25, 2010, Chişinău, Moldova Marina Şelaru, Executive Director, ACAP RM 1

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3 СРА АССА Certified Public Accountant CGA Association of Chartered Certified Accountants Certified General Accountant CIPA Russian language Certified International Professional Accountant 3

4 CIPA is a unique Russian-language program of accountants certification Training Examination Certification and awards the certificates: CAP (Certified Accounting Practitioner) CIPA (Certified International Professional Accountant) 4

5 Turkmenistan Azerbaijan Belarus 5

6 Requirement CAP CIPA Exams Financial Accounting I Financial Accounting I Managerial Accounting I Tax & Law (national) Managerial Accounting I Tax & Law (national) Financial Accounting II Managerial Accounting II Audit Finance Higher education Management Information Systems Required Job experience 1 year + 3 Years + Reputation Confirmed by the organization member of ECCAA 6

7 CIPA Program: Three Components Education Standardized courses Quality course materials Certification of trainers and teachers Examination Independent Comprehensive Certification: two levels Certified Accounting Practitioner (CAP) Certified International Professional Accountant (CIPA) 7

8 CAP/CIPA: Seven Core Accounting Subjects * Financial Accounting 1 (FA1) Financial Accounting 2 (FA2) Managerial Accounting 1 (MA1) Managerial Accounting 2 (MA2) Finance Audit Tax & Law * plus: Information Technology (IT) 8

9 Core Accounting Subjects: Delivery Training format: 7 courses, hrs each Academic format: 7 courses comprise the core of a model accounting curriculum for Higher Education Institutions Content based IES IFAC, IASB, UNSTAD/ISAR Self-study/distance learning format: materials designed so that individuals can prepare for exams 9

10 CIPA: Quality Course Materials International textbooks translated into Russian language Materials developed by local professionals and trainers and adapted to the region (e.g. Tax & Law for each country) 10

11 CIPA: Examinations Comprehensive Independent Uniform throughout region Russian language Professionally administered Secure 11

12 CIPA-EN: Certified International Professional Accountant - Examination Network Independent network founded by ECCAA: Unique exam provider International staff (professionals and managers) Supervised by best experts and organizations Activities: Prepare exam content Administer exams Grade exams Maintain records 12

13 CAP/CIPA: 2 Levels of Certification Certified Accounting Practitioner (CAP) CAP knows basic accounting, can do the accounting in the company and create all the standard financial reports for the organization, including tax declaration. Certified International Professional Accountant (CIPA) CIPA can analyze accounting information and use professional knowledge in financial management The aim of those qualifications is to obtain professional acknowledgement in the market not official acknowledgement by the state. 13

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16 ECCAA: 9 years of development IFAC Acknowledged Regional Grouping since professional associations from 11 countries (former Soviet Union) 21 full & 9 associates 9 IFAC Members: 6 full and 3 Associates (+ 3 in waiting list ) Over 20,000 professionals and almost 8,000 certified by unique CIPA Program ECCAA Mission: To serve the public interest, continue to strengthen accountancy profession and promote adherence to high - quality professional standards, set by IFAC, introduce and implement international professional standards and professional ethics and speak out on public interest issues where the profession s expertise is most relevant. 16

17 Membership: National professional accounting associations Activities: Support member associations to match IFAC requirements Promote member associations to adopt CAP/CIPA requirement (or another international certification) for individual members Advocate use of international standards, principles practices and ethics Lobby governments in the interest of profession Supervise CIPA Program and issue CAP/CIPA certificates jointly with member bodies 17

18 Standard study plan (based on IES IFAC/UNCTAD/IFRS ) Procedures are generally in compliance with IFAC requirements Acknowledged by most respected international professional organizations: market acknowledgement in some countries Not in English language Some countries transferred to IFRS; in Russia the process is started; Tax& Law exam is adapted according to the national law Lowest fees compared to other international certification programs 18

19 Professional Accountants 19

20 CAP Statistics by Country (total of 13190) 20

21 CIPA Statistics by Country (total of 422) 21

22 CIPA RECOGNITION Achievements: ECCAA is recognized by international organizations and governments ECCAA members leaders of the accounting profession in their countries CIPA program is recognized by business environment and several governments In Kazakhstan CIPA level officially recognized for professional accountants, companies from oil and gas sector put CAP or CIPA as requirement level for accountants (British Petroleum, Shevron, etc.) In Uzbekistan Deputy Minister of Finance received CAP certificate and from the year 2008 CAP required for every auditor in this country In Ukraine ECCAA associate Federation of Agro industry Accountants would like to design specialization based on CIPA but with impact on their special needs Certified specialists are required by companies and have higher salaries and positions In Moldova CIPA is recognized by Ministry of Finance as exemptions for auditor qualification exam (Order nr.48 as March 31, 2010) In Uzbekistan, Azerbaijan CAP exams are translated in local language Exam modules Translation for Moldova is in process of negotiation 22

23 Registration for CAP exams - Moldova 23

24 Registration for CIPA exams - Moldova 24

25 CIPA Dinamics Moldova,

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27 CIPA & IES 2 I. Accounting, finance &related subjects :covered in CAP/CIPA study (All subjects listed in pp.23 & 24, including ethics are tested in FA 1, 2 & Audit exams) II. Economics & Organization of business: covered in University curricula (University Diploma is obligatory for CIPA level) III. IT: exam in CIPA level Requirements of p.5 IES 2 (intellectual, evaluation, analyses skills) are covered by requesting of D level of competence for CIPA level exams 27

28 CIPA & IES 8 & EU 43 Directive Definition of an Audit professional in IES 8: Audit professional is a professional accountant who has a responsibility or has been delegated responsibility, for significant judgments in an audit historical financial information. 43 EU Directive: ch1, p.13. A statutory audit must be carried out by international auditing standards Article 6 Specific Educational requirements. Article 7 Exam of Professionalism and knowledge Article 8 Must test this knowledge Article 9 A state may exempt a person from testing provided that they have an excellent background in the knowledge matter. Article 10 In addition to the exam, a candidate must have three years of practical training. 28

29 IES 7 & Concept of Continue Professional Education Program Development University Diploma Master Degree Diploma (not obligatory) 3 years work experience, including 2 years under senior auditor supervision Initial Level Medium level Advanced Level 40 hrs of CPD for auditors (obligatory 20hrs of CPD courses + credits); 40 hrs obligatory for CAP/CIPA certified accountants IES 7 requires CPD training for ALL members of profession, including for non practicing members. 29

30 SMO 2 : Challenges & opportunities Priorities to do: 2010 Agreement with Educational Institutes about Educational System (Bologna, Dublin) and responsibilities (IES1-4, 6 & 8) Agreement with Employers (Practice) and COA about Practical Experience System and responsibilities (IES5) Update CPD-system & program (QARP, Ethics, A&A-standards) Provide (ttt-)courses for curriculum updates (inclusive with foreign experts) Consult foreign experts on accreditation system (for IESs) Provide ttt-courses for Education and Practice Evaluate, monitor, update (PDCA) with Education, Practice, COA 30

31 CIPA Program : Next Steps 2010 Work Strategy: Monitoring of compliance to requirements of ECCAA members; Continued work on standards translation; Single Information System (site, , publishing) ECCAA and CIPA Program presentation on the world arena and in ECCAA work countries CIPA Program improvement: Review of educational program of CIPA level; Reorganization of examination system; Publishing of single teaching materials for the CAP level, may be for CIPA; Approval of a new scheme and of examination dates; Separation of the exams Taxes and Rights; Establishing of an additional exam of CIPA level (the cross-cutting task); Development of national exams (translation into a foreign language, additional examinations, possibility of different exams in Taxes and Rights); Involving of elaboration, management and evaluation technology 31

32 ECCA achievements 2010: IFRSs 2009 translated in Russian & published on IASB web site (free access). Official versions are provided to all concerned ministries Updated CAP & CIPA Curricula are introducing for July 2010 exam session Start translation in Russian of IFRSs for SMEs and official IFRSs teaching materials (with support of USAID and Pragma Corporation) ECCAA approved as presenter at the World Congress of Accountants 2010 in Malaysia (all plenary meetings will be simultaneously translated into Russian) ECCAA Future development: ECCAA intention to grow from IFAC Regional Grouping to Regional Organization Cooperation with Institute of Chartered Accountants of Scotland (ICAS) Improvement of CIPA Program Enhance CPD and educational process New projects on partnership and internationalization Attraction of donors only to separate projects More member services and on-line resources: each candidate has personal page on ; distance learning, etc. 32

33 THANK YOU FOR your ATTENTION! CONTACT at Tel. : ( ) , , Fax: ( ) , M. Varlaam street, of.434 MD-2012, Chisinau Republic of Moldova 33