The primary objective of the Memorandum of Cooperation signed between the State Audit Office and the Institute of Accountants and Certified Accountants (IACA) is to intensify collaboration in the execution of their legal responsibilities and to facilitate the exchange of data and experience between the two institutions. This initiative aims to further develop the capacities of the auditing and accounting professions in the country. Auditor General Maksim Acevski and IACA President Vesna Prentoska signed the Memorandum.
The memorandum outlines a series of activities, including continuous exchange of information, data, and experiences; joint training sessions and participation in scientific and applied projects, as well as study visits; and collaboration and coordination in drafting proposals and documents to support the development of the auditing and accounting professions.
“The State Audit Office is committed to improving professional standards in auditing and public funds management. This memorandum represents a significant step in strengthening our partnership with IACA to achieve even greater results in our shared interests—transparency, accountability, and quality in financial reporting,” stated Mr. Acevski.
Special emphasis will be placed on sharing knowledge and experiences in implementing International Financial Reporting Standards (IFRS) and IFRS for small and medium enterprises, as well as improving the efficiency and effectiveness of the work performed by their members and employees.
Expressing satisfaction with the signed memorandum, the IACA President said “This collaboration will unite our efforts and knowledge in promoting international financial reporting standards and supporting continuous professional development of our members. I am confident that joint initiatives will bring long-term benefits to the profession, as well as to the country, the national economy, and the society.”
The Heads of SAO and IACA jointly concluded that this partnership represents a significant step towards improving professional practices and creating added value in the operations of both institutions.
