The Society of Certified Accountants and Auditors of Kosovo (SCAAK) is a non-governmental and nonprofit organization established in 2001 for the purpose of implementing and promoting global standards and best practices for the new profession and assisting economic development for the public interest. Our history started with an idea that became an institution that serves the needs of the economy and has worked to guide our country towards a new economy, fulfilling the role of a modern professional accounting organization (PAO). In this regard, SCAAK became the first PAO in Kosovo providing accounting and auditing education and the first PAO licensed by the Kosovo Council for Financial Reporting Council (KCFR), back then the Kosovo Board for Standards and Financial Reporting, which is the regulatory authority on financial reporting, accounting and auditing standards.
Today, SCAAK is an organization that provides education programs of high standards and represents about seven thousand professionals who are hired in various sectors, in the key bodies of the Republic of Kosovo, such as the Office of the Prime Minister, Ministries, Central Bank, National Audit Office, Kosovo Customs, Kosovo Tax Administration, Municipalities as well as businesses and audit firms.
Compliance with the regulations on the profession but also with the local and international standards of education and training developed by the International Accounting Standards Board (IASB), has risen SCAAK as a model of development of professional accountancy organizations in developing countries.
Its members and governing structures commitment to the rigorous implementation of standards has made SCAAK a full member of the International Federation of Accountants (IFAC) in 2009, becoming the first PAO0in Kosovo and one amongst the few in Balkans that joined IFAC, which is a global accounting and auditing professional organization representing more than 175 member organizations in 130 countries around the world and supporting the development and implementation of accounting, auditing and education standards, and overseeing the implementation of these standards by member organizations. SCAAK is also a full member of the European Federation of Accountants and Auditors for SME’s (EFAA) and Mediterranean Federation of Accountants (FCM).
As a result of successful cooperation between SCAAK and the National Audit Office (NAO), all officers of this supreme audit institution have completed a certification program in compliance with International Standards on Supreme Audit Institutions (ISSAI’s).
At the same time, SCAAK has a good cooperation with many professional organizations, regulators, supreme audit institutions, universities and other relevant organizations to the development of profession and education for accounting and auditing in the country, region and world such as UK Association of Chartered Certified Accountants (ACCA), the UK Chartered Institute of Public Finance and accountancy (CIPFA), the World Bank Center for Financial Reporting Reform in Vienna (CFRR), American Institute of Certified Public Accountants (AICPA), Kosovo Council for Financial Reporting (KCFR), National Audit Office in Kosovo (NAO), business community, Pristina University – Economy Department, Prizren University - Business Administration Department, Peja University - Business Administration Department, Riinvest College, UBT College, Institute of Authorized Chartered Auditors of Albania (IEKA), Albanian Supreme Audit Institution, Institute of Certified Auditors of the Republic of Macedonia (ICARM), and many others.
In line with the accounting and auditing education standards development, with several certification programs, with a day by day growing number of students and members and surrounded by many partners, donors and friends of the profession around the world, SCAAK is stepping safely in its second decade as an important factor in the history of professional development and in building Kosovo’s future.