Don’t Get Stuck in the Past—How Changing PAO Governance Helped Put Kosovo on the Global Accountancy Map

In January 2018, IFAC released the publication Focusing on Performance, which raises awareness among PAOs of the importance of good corporate governance practices and principles for their organization. This article series features stories from professional accountancy organizations (PAOs)...

ROLE OF ACCOUNTANTS AND AUDITORS IN PREVENTING MONEY LAUNDERING AND COMBATING TERRORISM FINANCING

SCAAK members are participating in the training workshop for Accountants and Auditors with topic: "Role of Accountants and Auditors in Preventing Money Laundering and Combating Terrorism Financing" Organized by the Financial Intelligence Unit of Kosovo and the project funded by the...

EVOLVING EXPECTATIONS FOR ACCOUNTANTS MEANS CHANGING NEEDS FOR EDUCATION & TRAINING

During the IFAC Professional Accountancy Organization (PAO) Development Committee meeting in Manila, Philippines in June 2018, committee members, many of whom have worked for or closely with PAOs and accountancy regulators at national, regional, and international levels, discussed the revised...

THE PROFESSIONAL EDUCATION IN COMPLIANCE WITH BUSINESSES NEEDS IN KOSOVO

A meeting was held between representatives of the Association of Certified Accountants and Auditors of Kosovo, Kosovo Chamber of Commerce, American Chamber of Commerce in Kosovo and the Minister of Education, Science and Technology Mr. Shyqyri Bytyqi. The purpose of this meeting was to initiate the...

SCAAK and AmCham organized a roundtable discussion on Law no. 06/L-032 on Accounting, Financial Reporting and Auditing

Accounting, financial reporting, and auditing are crucial in training organizations on making business decisions based on their past and current financial performances. Considering the importance of these elements, the Assembly of Kosovo approved the Law no. 06/L-032 on Accounting, Financial...

The first meeting of SCAAK Council for mandate 2018-2020

Today was held, the first meeting of the SCAAK Council for the mandate 2018-2020. In accordance with the Statute of the Association, the Vice-President of the Council and the Treasurer was elected during this meeting. In the position of Vice President, the Council chose Mrs. Shpresa Mustafa,...

Joint Conference of SCAAK-IEKA on "Education system - the right way to raise awareness of stakeholders and maintain the reputation of the profession"

On June 30, 2018, a joint conference of the Association of Certified Accountants and Auditors of Kosovo (SCAAK) and The Institute of Authorized Chartered Auditors of Albania (IEKA) of Albania was held in the historical city of Vlora on topic  " Education system - the right way to raise...

The General Meeting of the Assembly 2018

On June 28, 2018, the General Meeting of the Assembly of the Society of Certified Accountants and Auditors of Kosovo (SCAAK) was held in Vlora, Albania. At the opening of this meeting, the President of the SCAAK Council, Nazmi Pllana, emphasized that "The development of the profession...

EFAA International Conference "Digital Transformation of SMEs"

Representatives of SCAAK participated in the international conference "Digital Transformation of SMEs", organized by the European Federation of Accountants and Auditors for Small and Medium Enterprises The digitalisation of Europe’s economy already reshapes the way we live, work,...

SCAAK acquires accreditation for three new programs

SCAAK is focused on the expansion of certifications based on the needs of the profession and labor market in Kosovo and the continuous harmonization of its education programs with International Education Standards (IES) and global developments of the profession. Recently SCAAK has developed three...

Global Ethics Board releases revamped Code of Ethics for professional accountants

The International Ethics Standards Board for Accountants (IESBA) released a completely rewritten Code of Ethics for Professional Accountants that is easier to navigate, use and enforce. Beyond the new structure, the Code brings together key ethics advances over the past four years,...

Ceremonia e 20 vjetorit të ShKÇAK

Patchwork financial regulation a $780 billion drag on the economy

Fragmentation in global financial regulation costs more than USD $780 billion annually, according to a survey released today by IFAC (International Federation of Accountants) and Business at OECD (BIAC). The survey, Regulatory Divergence: Costs, Risks, Impacts: An International...

IPSASB eNews: March 2018

The IPSASB held its first meeting of the year from March 6-9, 2018 in New York City, USA. Revenue The IPSASB discussed responses to the Consultation Paper (CP), Accounting for Revenue and Non-Exchange Expenses. For Revenue, the IPSASB agreed that a converged IFRS 15, Revenue from...

IPSASB Consults on 2019-2023 Strategy and Work Plan

The International Public Sector Accounting Standards Board® (IPSASB®) has published a Consultation Document on its proposed Strategy and Work Plan for 2019-2023. The draft Strategy emphasizes the importance of International Public Sector Accounting Standards (IPSAS) to public...

SCAAK CELEBRATES THE 10TH ANNIVERSARY OF INDEPENDENCE WITH A CONFERENCE ABOUT PROFESSION

In the honor of the 10th anniversary of Independence of the Republic of Kosovo, the Association of Certified Accountants and Auditors of Kosovo (SCAAK) organized the conference on "Developing the Accounting and Auditing Profession in the First Decade of Independence", which was held on...

IPSASB Proposes New Lease Accounting Model for the Public Sector

Call for Comment on Exposure Draft 64, Leases (New York, January 31, 2018) – The International Public Sector Accounting Standards Board® (IPSASB®) today released for comment Exposure Draft (ED) 64, Leases. ED 64 proposes a single right-of-use model for lease...

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NOTICE

Information meetings about the application in the certification programs of the session FEBRUARY 2018, in Peja, Ferizaj and Prizren

IPSASB issues revised Cash Basis IPSAS

The International Public Sector Accounting Standards Board® (IPSASB®) has published a revised  IPSAS, Financial Reporting under the Cash Basis of Accounting (the Cash Basis IPSAS). The amendments address some of the main barriers to adoption of this standard. This revised version of...

Scaak launched the Licensed Fraud Examiner Certification Program, supported by UNDP and financed by the Swiss Coopration Office and the DANIDA program from the Danish Government

Today, the lectures of the new Certification Program of SCAAK has started, a Licensed Fraud Examiners supported by UNDP and funded by the Swiss Cooperation Office and the DANIDA Government Program of Denmark. On this occasion was held the solemn launch ceremony of this program where before the...

SCAAK at the two-day workshop "Conclusions and Audit Reporting", in Vienna

Representatives of SCAAK participate in the two-day "Conclusions and Audit Reporting" workshop, which is part of the EU-REPARIS "Trainers of Auditors Training" program of the World Bank’s Centre for Financial Reporting Reform (CFRR)   The two-day workshop has...

IAASB Welcomes PCAOB's New Enhanced Auditor Reporting Standard

The International Auditing and Assurance Standards Board (IAASB) welcomes the adoption by the US Public Company Accounting Oversight Board (PCAOB) of a new auditing standard to enhance auditor’s reports by providing additional, relevant information to users, including critical audit...

Representatives of SCAAK participates in "Training for Trainers in Internal Audit" in Vienna from 19-22 june, 2017

The World Bank’s Centre for Financial Reporting Reform (CFRR) in close cooperation with the Internal Audit Community of Practice (IACOP) of Public Expenditure Management Peer Assisted Learning network (PEMPAL) has developed a two-year construction program of regional capacities for public...

Building a Strong, Transparent Global Economy to Inspire Confidence

IFAC’s Call for Action by G20 Countries Global economic stability and transparency and the rebuilding of public trust will be greatly enhanced by a determined G20 push for stronger governance across all sectors, according to IFAC—the International Federation of Accountants. In...

IAESB Proposes Revised Continuing Professional Development Standard to Focus More Fully on Learning Outcomes

The International Accounting Education Standards Board (IAESB) today released a proposed revision of International Education Standard (IES) 7, Continuing Professional Development, that places greater emphasis on learning and development directly related to an accountant’s...

The General Meeting of the SCAAK Assembly

The General Meeting of SCAAK Assembly has just finished. The agenda of this meeting included important issues related to SCAAK's progress and action plans. During the meeting, the Annual Report and the Audited Financial Statements of 2016 were approved. During this meeting also were...

SCAAK organizes three-day CPD and Assembly Meeting in Pogradec

SCAAK for its members has organized three-day CPD, which will be held on 23, 24 and 25 May 2017 in Pogradec. During these days the following topics will be addressed: "Leasing (IAS 17, IFRS 16)" and "Revenue (IAS 18, IFRS 15)" by Mr. Nazmi Pllana; "The opposite...

IASB finalises fundamental overhaul of insurance accounting

The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial...