Organization of trainings and certifications in the field of PFM in Montenegro Nina Blečić, Marija Uljarević, Head of Department for FMC CHU Head of Department for Budget Accounting and Reporting Ministry of Finance of Montenegro Hague, 06/11/2018
Ministry of Finance is in charge for PFM • CHU is in charge to provide trainings for: Managers Internal auditors • Treasury is in charge to provide trainings for: Accountants
Trainings and certifications in Montenegro • Programme for acquisition and improving skills and knowledge for PIFC • Programme of continuous education of internal auditors in public sector, • TAIPS-Traninig for internal auditors in public sector • PACT- Public Accountants Certification Training
The Montenegrin Public Administration Reform Strategy (2011-2016): • Stability of public finance; • Improved control system of budgetary spending; • Improved system of accounting; • Streamlined the work of state administration. • The Strategy for the transition to accrual accounting was adopted in March 2015 • Action plan prepared by the Ministry of Finance of Montenegro and adopted by the Government on March 8, 2018. • One of the main objectives defined by the Strategy was training of public accountants • Draft of the Law for Public Sector Accounting – for the forst time recognizes a title ,,Certified Public Accountant”
• In 2016. Ministry of finance – Treasury Directorate started the project PACT (Public Accountants Certification Training) in cooperation with CEF from Slovenia (Centre of excellence in finance) and according to the CIPFA program • CIPFA (Chartered Institute of Public Finance and Accountancy) - One of the leading professional accountancy institutions Program • two levels – Certificate and Diploma level • Certificate level – three modules (two international and one national module) Learning methodology • In classroom training and tutorilas
Examinations • Formal examination dates are set for the end of each module Curriculum • Certificate level Diploma level Audit and Assurance Management accounting Managing Finance Financial Accounting Managing Organizations National Public Finance and Accountancy Public Sector Legislation and Taxation Financial Reporting
Benefits Internationally recognized qualification High-quality training materials Flexible training methods How to acquire international certificate for public accountant? National module Invitation from the CIPFA Ministry of Exams International CERTIFICATE finance Modules (FA, MA)
Table 2. Overview of certification of public accountants from 2016-2018 2016 2017 2018 Total Number of accountants who 40 40 40 120 were included in the training program Number of accountants who 24 23 ... 47 aquired the CIPFA certificate Precentage of 60% 57,5% .... 58,75% passing
Localization • In 2016. localization working group established by the Ministry of finance in order to to ensure the continuity of the project and reduce the risk of its financing 1) SWOT analysis for localization 2) Drafting of strategic plan for localization 3) Drafting the by-laws on establishment of training infrastructure based on the findings and recommendations of the Localization working group 4) Drafting of by-laws relevant for introduction of certified accountant title; 5) Estimate training costs with and/or without CIPFA; 6) Produce the Manual for implementing institutions and division of responsibilities; • Montenegrin Human Resource Management Authority is regognized as the institution which will continue accountants training program
• Programme for acquisition and improving skills and knowledge for PIFC for managers Topics: Internal control Risk management Workshops for managers 2016 2017 2018 13 11 9
• Programme for acquisition and improving skills and knowledge for PIFC for internal auditors Topics: Sampling 2016 2017 2018 Writing Audit Report 20 17 10 Methodology (planing, conducting IA) IT risk Audit of EU Funded Programs / Projects
Development of internal audit in public sector of Montenegro Centralized internal audit (2004) Decentralized function of internal audit (from 2008)
Certification of internal auditors National CIPFA certificate Certificate
How to acquire national certificate for internal auditor? Practical Written Theoretical training NATIONAL exam training Oral exam CERTIFICATE (conducting (Standards, (10 days) audit with Methodology mentor and FMC) assistance)
How to acquire CIPFA certificate for internal auditor? National Module Public Eliminatory CIPFA Internation announce Exams test CERTIFICATE al modules ment (PSAFR, G&C, IAF)
Table 1. Overwiew certification of internal auditors from 2012-2018 2012 2013 2014 2015 2016 2017 Nov 2018 National 7 14 26 31 61 67 67 certificate CIPFA 16 44 44 69 69 79 certificate CIPFA practical 0 0 0 25 67 67 67 training
Percentage of certified appointed internal auditors
Thank you for attention!
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