Published: 13 Nov 2017

Setting New Standards in Accountancy

On 1 December 2017, Prague College presented a day-long conference entitled 'Setting New Standards in Accountancy'. The purpose of the event was to bring to public attention recent developments in areas of ethics in accountancy and corporate governance. Prague College has recently been awarded Silver Learning Status by the Association of Chartered Certified Accountants. During the second half of the conference, Mr Douglas Hajek, director of Prague College, received the ACCA certificate from Petra Polednova, Business Development Manager, ACCA Czech Republic, Slovakia and Hungary.

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The conference — which took place in the historic premises occupied by the Italian-Czech Chamber of Commerce and global mineral water company Mattoni — was addressed by Veronika Melasová of Grafton Recruitment, and Dr Stefano Cavagnetto and Bruce Gahir of Prague College's School of Business.

It was also an opportunity to learn more about membership of professional institutions including the ACCA (Association of Chartered Certified Accountants) and CIMA (the Chartered Institute of Management Accountants).

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Programme

10.00 - 10.10 Welcome by His Excellency Aldo AMATI, the Italian Ambassador to the Czech Republic 

10.10 - 10.15 Introduction to the Conference by Douglas Hajek, Director of Prague College

10.15 - 11.00: The Changing Nature of Accounting from a Recruitment Perspective
What challenges are employers in the Czech Republic facing when searching for professional qualified accountants?
Veronika Melasová, Grafton Recruitment

11.15 - 11.50: The CIMA Qualification
What is the CIMA qualification? The important role of management accountants in the changing Czech market, how is the professional accountant's role changing from an ethical perspective, and what is CIMA doing to meet their professional needs?
Jakub Bejnarowicz, Associate Director, Central and Eastern Europe — Management Accounting Association, AICPA, CIMA

12.00 - 12.40: The ACCA Qualification
What is the ACCA qualification? The important role of financial accountants in the changing Czech market, how is the professional accountant's role changing from an ethical perspective, and what is ACCA doing to meet their professional needs?
Petra Polednova, Business Development Manager, ACCA Czech Republic, Slovakia, Hungary

12.45 - 13.45: Lunch

13.50 - 14.30: The nature of current corporate governance frameworks and future developments
The principal-agent relationship and its requirements in current corporate governance frameworks will be explored with a view to further developments.
Stefano Cavagnetto, Head of the School of Business, Prague College


14.45 - 15.45: How to make your finance functions more ethical: new developments in the field of accountancy
The role of ethics in the accounting profession: how is this changing and what developments are taking place to cater for this change?
Bruce Gahir, Associate Head of School of Business, Prague College