Accounting Certification in Central Asia, Russia, Ukraine and Moldova

Andreas School of Business Working Paper

24 Pages Posted: 5 Oct 2004

See all articles by Robert W. McGee

Robert W. McGee

Fayetteville State University - Department of Accounting

Galina Preobragenskaya

Abu Dhabi University - Department of Accounting

Michael Tyler

Barry University - Andreas School of Business

Date Written: October 2004

Abstract

The 15 former Soviet republics known as the Commonwealth of Independent States (CIS) all have their own national accounting and auditing certifications. These republics have been evolving in different directions since the break up of the Soviet Union. But they have at least one thing in common - their certifications are not held in high regard beyond their borders, and perhaps even within their own countries. Several internationally recognized certification bodies have tried to fill the market need by offering their exams within the borders of the CIS, but these attempts have been only partially successful because these international certification exams are offered only in the English language. As a result, the majority of accountants in the CIS are not able to write a professional exam. Until recently, non-English speaking accountants within the CIS had no alternatives other than their national exams. Starting in late 2001, a plan was made to introduce into several former Soviet republics a series of examinations based on the accounting principles used in the developed market economies. These exams were offered in the Russian language, thus offering non-English speaking accountants an opportunity to earn a certification based on internationally recognized accounting principles. This paper reports on this movement.

Keywords: Accounting certification, Central Asia, Russia, Ukraine, Moldova, former Soviet Union, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, International Financial Reporting Standards, IFRS

JEL Classification: D45,F21,G15,I2,J2,J44,J62,M49,M51,M53,P21

Suggested Citation

McGee, Robert W. and Preobragenskaya, Galina G. and Tyler, Michael, Accounting Certification in Central Asia, Russia, Ukraine and Moldova (October 2004). Andreas School of Business Working Paper. Available at SSRN: https://ssrn.com/abstract=599561 or http://dx.doi.org/10.2139/ssrn.599561

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

Galina G. Preobragenskaya

Abu Dhabi University - Department of Accounting ( email )

PO Box 59911
Abu Dhab
United Arab Emirates

Michael Tyler

Barry University - Andreas School of Business ( email )

11300 Northeast Second Avenue
Miami Shores, FL 33161-6695
United States

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