CEF work in the Area of Public Accountants Training and Achieved Results in North Macedonia Sample Clauses

CEF work in the Area of Public Accountants Training and Achieved Results in North Macedonia. During 2007-2016, the CEF promoted a community of several successful PACT student generations, which evolved into a local professional network of public accountants. For the first time in 2007-2011, we met the need to strengthen accounting profession in North Macedonia. With the World Bank funding, we helped 25 students obtain a certificate (level 1) and 23 students a diploma (level 2) in international accounting. The next iteration of certification training was offered in 2012-2013 and resulted in 24 awarded certificates. It was funded through grants by the World Bank, Slovenian Ministry of Foreign Affairs and the Central European Initiative. The most recent project was implemented in 2014-2016. It encompassed the training on both levels – the certificate level for a third generation of accountants, and the renewed diploma level for a second generation of certified accountants; and resulted in certification of 10 accountants and awarding of diplomas to 9 accountants.11 All past PACT programs were done in accordance with learning scheme of CIPFA, a renown UK-based institute for professional certification of public accountants. CEF is the first organization that CIPFA granted the right to translate training materials from English to local language, which is a rarity as such worldwide. Internationally recognized certification training in local language vastly responds to immense needs and coincidingly limited capacities of participants to follow internationally recognized training and pass exams in English language. This is especially the case with public sector accountants in South East Europe, and even more so for local self-government levels or state agencies that do not require knowledge of English language from appointed accountants. In the period 2016-2018, reforms in this were put on hold due to changes in Macedonian government which influenced the prioritization of public sector reforms, as well as often changes in the management structure of the MoF. With newly appointed administration in 2017, then-minister Xxxxxxxxx recognized the importance of the reforms in the area of public sector accounting and approached the CEF in 2018 with intention to continue with PACT on both levels (Attachment 02). Following joint fundraising action undertaken by the MoF and CEF, in 2020, the 11 A first generation of certified and diploma awarded generation of public accountants (2007-2011) was enrolled in a related previous program; whereas a second and third generati...
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