Moore Stephens KSC sustains the development of the Accounting and Audit profession
We are proud that on 17 June 2016 we have joined ACAP in celebrating the 20th anniversary of its activities and that we were able to support the Association moving forward to enhance the local accounting profession in Moldova.
The conference gathered important personalities from Moldova and worldwide, such as the International Federation of Accountants (IFAC), International Federation of Francophone Accountants (FIDEF), the World Bank and professional associations from Hungary, Poland, Romania, Ukraine, Russia, etc.
Andrei Stan – Audit Partner, Head of Romania & Moldova Operation at Moore Stephens KSC participated as a speaker in the Panel dedicated to the Challenges of the Audit Profession.
Andrei Stan: “The audit profession is at a crossroad. Not only that business of audit clients is becoming more complex, technology is playing a higher role but also that we need to do enhance our effort in providing the right quality and protect our responsibility as public accountants. In general the profession in the R. Moldova kept up most of the International trends by implementing the ISA following the IFAC Code while still remaining to improve the Quality Assurance Mechanism for all audit engagements with an appropriate implementation of ISQC 1 by all approved audit firms.
We expect also a revised ISQC 1 where audit firms should enhance their efforts in demonstrating that quality is assured for all engagements while continuous efforts are made to identify areas of improvements and correcting the root cause of any performance defaults. As a Practitioner and member of ACAP, I am keen to support the profession and the Association in R. Moldova passing this crossroad.”
Mamas Koutsoyiannis – CEO of Moore Stephens KSC: “We are proud to be invited at ACAP’s event and share our vision regarding the Audit and Accounting profession. Our profession faces many challenges as recent years have seen unprecedented activity and change in auditing standards and regulatory oversight of audit and such events develop better and wider understanding of the issues involve.“