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Success Story
Internationally
recognized accounting
qualifications gain
standing in Kazakhstan
Skills For The Country’s Future
Photo: Pragma
Azhar Karamendinova, member of the
Chamber of Auditors of the Republic of
Kazakhstan, took USAID-funded training
to become certified.
USAID-supported
international accounting
certifi cation program helps
Kazakhstan introduce
international fi nancial
reporting standards.
When Kazakhstan adopted international financial reporting
standards, the country faced a personnel problem. The quality
of services offered by audit companies was not always up to
par because the country had few professionals familiar with the
international financial reporting standards.
To improve the qualifications of local auditors, USAID developed
a Russian-language training program for the professional
certification of accountants. The program teaches a range of
accounting and auditing skills and offers two levels of certification
– Certified Accounting Professional and Certified International
Professional Accountant – based on the international standards
of financial reporting. Over the years, the program has taught
and certified more than 5,000 Kazakh professionals in the two
qualifications.
Azhar Karamendinova, the Chief Accountant of the Affiliate Office
of the Southern Alberta Institute of Technology in Kazakhstan
and a member of the country’s Chamber of Auditors, is one of
the many who have benefited from the program. A graduate
from the Kazakh State Academy of Management with a degree
in Accounting and Operating Analysis, Karamendinova already
had auditor’s qualifications but wanted to continue advancing
her skills. Karamendinova enrolled in the USAID program and
eventually received both certifications. The program was taught by
USAID-trained specialists who had passed the exams themselves
and knew the best way to convey their knowledge to students.
“Excellent text books, training materials, and a large number of
practical examples, which undoubtedly will be useful in real life,
make this program very valuable,” said Karamendinova.
Even though she struggled to fi nd time in her busy schedule
to prepare for exams, Karamendinova believes that CIPA
qualification is extremely valuable, since it provides not only
knowledge and rapid career growth but also provides the country
with highly-qualified specialists.
“In a time of tight competition on the employment market, I
believe that the training on these programs and passing of the
qualifi cation examination are great assets,” Karamendinova said.
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