Certified Auditor

2022-05-05 - 12:13

Certified Auditor is that person whose experience, theoretical training and professional qualification has qualified the holder of the designation to be appointed for carrying out external audits of the entity's financial statements. Auditors carry out audits on the accounts of companies and public organizations. They ensure that the organizations' finances are sound and that all legal and financial reporting standards are met.

Certified Auditors benefit from the following skills and you are able to:

  • Introduce the application of professional values ​​and judgments through an ethical framework
  • Explain the role of the accountant in identifying and risk assessing
  • Discuss the professional and ethical obligations of the accountant
  • Give advice and report on the entity's financial performance
  • Discuss the implications of changes in accounting rules or financial reporting
  • Assess the performance and financial position of the entities
  • Assess the available organization’s strategic position and choices
  • Assess and re-design business procedures and structures to implement and support the organizational strategy
  • Provide advice on project management principles to enable the implementation of aspects of an organization's strategy
  • Understand the legal and regulatory environment and its impact on audit and security practices
  • Identify and formulate requirements for achieving audit task objectives and apply ISAs
  • Evaluate the findings and the results of the work carried out, prepare draft reports appropriate to the tasks


The Certified Auditor first must qualify as Certified Accountant at SCAAK.

Not all Certified Accountants are required or need to qualify as Certified Auditors, unless they choose a career in providing legal audits and related services. The Kosovo Financial Reporting Council (KCFR) licenses auditors in Kosovo and the role of SCAAK is to ensure that they are certified in accordance with International Education Standards, the EU's 8th Directive and best international practices. In recent years, education standards and professional practice requirements for Legal Auditors have been updated, so the new SCAAK qualification scheme aims to ensure that Kosovo auditors are qualified with the highest international standards.

To be trained for a Certified Auditor, you must first be a SCAAK member and have completed the Qualification for a Certified Accountant. Membership at this level is open to all professionals who work in accounting and auditing and who have completed the level for a Certified Accountant.

Entry Requirements

  • Qualification as Certified Accountants;
  • 600 hours of external audit work.

Syllabus for Certified Auditor

The Certified Auditor qualification training covers the following subjects and topics:

Subject 9: Advanced Financial Reporting

Brief description of content


Regulatory and Ethical Framework

  • financial reporting framework
  • professional and ethical duty of the accountant
  • environmental and social reporting

Accounting Standards

  • Tangible and intangible non current assets
  • Retirement benefits
  • Taxation
  • Financial instruments
  • Provisions, contingencies and events after the balance sheet date
  • Leases
  • Off balance sheet finance

Reporting financial performance

  • performance measures
  • ratio and trend analysis
  • reporting financial performance

Group Financial Statements

  • simple groups and fair value
  • associates and joint ventures
  • complex groups
  • changes in group structures
  • foreign currency translation
  • group cash flow statements

Reporting for specialized entities

Current and international developments in financial reporting

Subject 10: Advanced Auditing and Assurance

Brief description of content


Regulatory Environment

  • international regulatory framework for audit and assurance services

Professional and Ethical considerations

  • code of ethics and conduct
  • professional liability

Practice Management

  • quality control
  • obtaining and accepting professional appointments

Audit and assurance assignments

  • planning and risk assessment
  • evidence
  • evaluation and review including matters relating to specific and further accounting issues
  • group audits
  • related and other assurance services
  • prospective financial information
  • forensic audits
  • social and environmental auditing
  • internal auditing and outsourcing 
  • reports

Current issues and developments 

Subject 11: Business Analysis

Brief description of content


  • Business Strategy
  • Strategic lenses
  • PESTLE Analysis
  • National Competition
  • Competitive forces
  • Marketing and market segmentation
  • Industry life cycle
  • Chain of values, supply chain management
  • SWOT Analysis
  • Groups of interest
  • Culture and cultural network
  • Overall strategies and strategic opportunities
  • Product-market strategy
  • Growth methods
  • Parent corporations
  • Organizational Structure
  • Process-strategy matrix
  • Transfers
  • Business process re-design
  • Software choosing
  • Business models for electronic business
  • Electronic business downward supply chain management
  • Electronic business upward supply chain management
  • Relations with clients management
  • Electronic marketing
  • Quality control, quality assurance and quality management systems
  • Life cycle model V
  • Capability Maturity Model Integration (CMMI)
  • Six Sigma Initiative for Quality
  • Project Management
  • Finance
  • Performance measurement
  • Performance management and awards management
  • Labor projections
  • Strategic changes management
  • Strategy development

Subject 12: Strategic Business Management

Brief description of content


Stakeholders and social responsibility

  • Owners and agents in governance
  • Social responsibility
  • Sustainability

The impact of corporate governance on strategy

  • What is corporate governance?
  • How is corporate governance achieved around the world?
  • What impact does ownership have on corporate governance?

Internal control system

  • Internal control
  • Monitoring

Attitudes towards risk and the internal environment

  • Risk and organization
  • Impact of risk on stakeholders
  • The internal environment
  • Inclusion of risk awareness
  • Risk management responsibilities
  • Setting objectives


  • Strategic and operational risks
  • Examples of risks faced by organizations
  • Risk identification

Risk assessment and response

  • Risk assessment
  • Risk response strategies
  • Financial risk management
  • Control activities
  • Control activities and risk management
  • Costs and benefits of control activities

Personal ethics

  • Ethical theories
  • Impacts on ethics
  • Practical situation
  • Framework for dealing with ethical situations

Professional ethics

  • Corporate codes of ethics
  • Codes of professional ethics
  • Independence and conflicts of interest
  • Problems faced by accountants in business
  • Bribery and corruption
  • Accounting profession and public interest

Financial analysis

  • Financial objectives and business strategy
  • Finance function
  • Financial analysis and decision-making techniques
  • Cost and managerial accounting
  • Standard cost and variance analysis
  • Evaluation of strategic options using marginal and relevant cost techniques

IT Applications

  • Smart technology, mobile technology and cloud computing
  • Cloud Computing versus proprietary technology
  • Robotics and Artificial Intelligence (AI)
  • Information technology and data analysis
  • Big data
  • Data for decision-making
  • Information system controls from a strategic perspective
  • IT and systems security controls
  • Cyber security
  • Improving IT/IS controls


  • Providing e-business
  • E-business strategy models
  • Implementation of technology for e-business support
  • Characteristics of electronic marketing: the 6 I's model
  • Comparison of traditional and online brand
  • Sourcing and managing suppliers and customers using technology
  • New developments and innovations