Montenegrin Public Accountants Starting International Certification Training

The CEF together with the Ministry of Finance, Montenegro started with the implementation of project activities in the course of the Public Accountants Certification Training (PACT). The internationally recognized, professional qualification program is made possible through funding from the United Nations Development Program (UNDP).

The PACT training course is part of the Montenegrin government’s efforts to build and strengthen professional qualifications for public sector accountants. High-quality financial reporting is crucial to effective financial management in the public sector. It relies on a strong accounting process, supported by expert internal and external audit services. PACT addresses this critical need and emphasizes the importance of establishing and observing international public sector accounting standards and helps countries raise the status of the accounting profession in line with EU member states.

PACT training materials are developed by the Chartered Institute for Public Finance and Accountancy (CIPFA) that will also award international certificates and diplomas to successful attendees.

Funding for the project preparatory phase which includes selection and training of tutors, translation of the material and evaluation of current legislative status of public accountants is secured until end of 2015. Project delivery phase that aims to train up to 40 public sector accountants will follow in 2016.

More information on PACT program is available here.
Information on the project is also available on the webpage of Ministry of Finance, Montenegro.