While significant progress was demonstrated by the Moldovan authorities in aligning the audit and accounting legislation to the EU acquis requirements, there is still a room for a better alignment of the requirements and process related to Professional Auditor Qualification to the provisions of the International Education Standards (IES) and good international practices.
With the purpose of further enhancement of the Professional Audit Qualification a virtual dissemination event was delivered on 17 February 2022 to present the key findings and recommendations of the Advisory Note on Professional Auditor Qualification in Moldova prepared by a World Bank team. The aim of the event was to discuss the findings and proposed recommendations and to agree with key stakeholders on implementation support that could be provided under STAREP. The event was attended by members of the Certification Commission, Public Oversight Committee, and executive staff of the Council for Public Oversight of Audits in Moldova (CSPA).
The recommendations included in the Advisory note will necessarily take some time to implement and much discussion will take place before agreement is reached on how to achieve the objectives set out. To support an initial view concerning how implementation might proceed, recommendations have been categorized as either for Immediate implementation (within 1 year) or for implementation over the Medium term (between 1 to 3 years).
Participants acknowledged the need to improve requirements and process related to Professional Auditor Qualification in Moldova. As a result of the workshop a few activities were identified for potential support under STAREP.