The document outlines the updated requirements, responsibilities, and competencies of accountants, as well as the conditions under which they must meet the tasks assigned to them.
Thus, while the profession code and the level of requirements for accountants remain unchanged, the list of general competencies has been revised, and job responsibilities, work tasks, and performance criteria for the relevant activities have been systematized. To a large extent, this revision is driven by the accelerated process of the economy’s digital transformation.
In addition, professional standards have come into effect for three more professions that have become widespread in the financial sector: tax collection specialist, insurance broker, and financial and banking operations specialist.
Representatives from the academic community, public authorities, and the business sector were involved in the development of these professional standards.
The new standardized professions reflect the changes that have taken place in the structure of the Moldovan economy in recent years and facilitate employers’ activities within the framework of the law.
In particular, when entering into contracts with employees in these professions, employers will be required to follow the provisions of the documents establishing the four new professional standards.
All new professional standards took effect on the date of their official publication.
