| ICPAB (IDES) | |
|---|---|
| Membership | Mandatory |
| No. of members | 720 |
| Institute staff | 7 |
| Date of establishment | 1996 |
| Local branches | No |
| Subject to public oversight | Yes |
| Public oversight authority | The Commission for Public Oversight of Statutory Auditors (CPOSA) |
| Involvement in Qualification and Market Access | ICPAB (IDES) |
|---|---|
| Initial education | Yes |
| Examination | Yes |
| Approval and registration | No (CPOSA) |
| Continued Professional Development | Yes |
| Activities | ICPAB (IDES) |
|---|---|
| Standard setting | No (by law) |
| Quality assurance | Yes, for non-PIEs (for PIEs: CPOSA) |
| Disciplinary measures | No (CPOSA) |
| Professions | Registered Auditor (Регистриран одитор) |
|---|---|
| Professional body | ICPAB (IDES) |
| Protected title | Yes |
| Reserved activities | Statutory audit and consulting services |
| Included authorisations | To provide advisory services on taxation, valuation, financial and business management |
| Registered Auditor | |
|---|---|
| Regulated profession | Yes |
| Supervision | Yes |
| Public oversight authority | CPOSA |
| Registered Auditor | |
|---|---|
| General initial education steps (without possible exemptions) | • Academic degree (bachelor, master) • Professional experience in the sphere of accountancy, audit, financial control, university teaching (between 4 and 10 years depending on the academic degree) • Exams – accounting, commercial law, tax and social security law, audit • 1 year of professional experience as assistant auditor before the independent financial audit exam |
| Registered Auditor | |
|---|---|
| No. of qualified professionals | 708 physical persons 84 specialized auditing enterprises |
| No. of new trainees per year | Approx. 100 |
| No. of people taking the professional examination | Approx. 100 |
| Approx. 15-20 |
| Registration required | Yes |
| Competent authority for registration | CPOSA |
| Cost of appointment/registration | Information not available |
| Oath required | Yes |
| Insurance required | Yes |
| Professional address required | Yes |