Public Accountants Certification Training in Montenegro

PARTNERSHIPS
IN PACT PROJECTS
The Ministry of Finance of Slovakia has
been offering technical assistance to
the Ministry of Finance of Montenegro
through the Public Finance for Development
Programme and in cooperation with the UNDP
since 2010. It has provided policy, methodological,
legal and capacity support for gradual transition to
accrual accounting reporting under IPSAS.
As a result of Slovakia’s contribution and Montenegro’s
perseverance, the conditions for the PFM reform
have improved and progress has been made,
notably the adoption of the Strategy for the Transition
to Accrual Accounting in 2015 and the Public
Sector Accounting Law in 2019. The new legislative
framework will allow for generating and providing reliable
and accurate data for decision-making at the
national level, and increase transparency of public
finance and accountability of the government both
to internal and external users.
To secure faster progress in public sector accounting
and reporting, the Slovak Ministry of Finance has
decided to broaden its efforts and fund a complementary
capacity development initiative – the PACT
program. This training program has been running
simultaneously with the technical assistance to the
Ministry of Finance of Montenegro as the leader of
the transition process. The target beneficiaries are
public accountants who are expected to transform
new accounting and reporting policies into their daily
practice as the changes become effective.
To prevent inconsistencies and secure quality performance
in this field, the project’s aspirations
were set beyond the training itself and introduced
a sustainable education framework of public sector
accountants in Montenegro, to be managed by
respective Montenegrin authorities. Taking into account
that before 2015 there was no training in this
area available, ongoing work on localization of the
program seems to bring about a great impact on the
effective implementation of accounting policies.
MARIANNA MACÁŠKOVÁ
International Relations Specialist
Ministry of Finance, Slovakia
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