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GAE 2012 Serbia
Country Characteristics of Serbia
Total population (millions)
7.2 (N/A)
GDP per capita (USD)
Business language
Legal system
Economic position
10,500 (2012) (ranked 115 in the world)
Serbian
Civil law
Efficiency driven
Regional affiliations
EU (candidate country)
Accountancy Profession in Serbia
Serbian Association of Accountants and Auditors (SAAA)
IFAC membership
Full member
Affiliations
SEEPAD, FCM
Part I (2006), part II (2006), part III (2013)
IFAC compliance information
Qualification of accountants
Accountant, auditor
Address
Njegoseva 19, P.O. Box 403, 11000 Belgrade, Serbia (Republic of)
Tel: +381-11-3239444, Fax: 381-11/323.1220
[email protected], www.srrs.rs (English, Serbian)
Recognition
There are no Mutual Recognition Agreements for accountants and
auditors from Serbia with comparable qualifications in other countries.
Accountancy Education in Serbia
The SAAA education program and final assessment are based on the Association of Chartered Certified
Accountants (ACCA) program. The SAAA has applied and received recognition by ACCA for its accountancy
technician training program (7 of the 9 papers required for Certified Accounting Technician [CAT] certification)
and for its professional accountancy program (3 of the papers have been waived and SAAA is in the process of
seeking recognition of the remainder). It is noted that candidates are required to have three years of practical
experience and that this be monitored and approved by a current member of SAAA. In addition, there is a
requirement for all SAAA members to obtain 120 hours of Continuous Professional Development (CPD) over a
three-year rolling period; compliance with CPD requirements is monitored and noncompliance with CPD
requirements has resulted in the expulsion of members from the SAAA. SAAA developed and operates a high
quality professional accountancy education and certification program and will work to maintain and update this
program and continue to promote importance of IES and CPD in its dialogues with Government and relevant
institutions.
Characteristics of Accountancy Education
Certification Requirements
Program of professional accountancy education
Practical experience requirement
Final assessment of professional capabilities
CPD
Providers of Professional
Professional accountancy organization
Education
Responsibility for Education
Profession
Requirements
Licensing Requirements for
Academic study, practical experience, professional examination and CPD
Auditors
Compliance with International Education Standards
Level of compliance with IES
Adoption
Implementation
High
Not available
Personal Development
Medium
Not available
Professional Accountancy Education
High
High
Professional Development
High
High
Competence for Audit Professional
Sub-Pillar Scores - Serbia
Personal Development
1,00
0,80
0,60
0,40
Competence for Audit
Professionals
0,20
0,00
Professional
Accountancy Education
Professional
Development
Adoption
Implementation