Financial Infrastructure and Economic Governance
The USAID CIPA - Ukraine Project

The CIPA - Ukraine Project is designed to enhance the quality of accounting profession with the aim of improving the accuracy and credibility of financial reporting. Pragma is achieving this through CIPA training, examination, and certification program. CIPA Ukraine is tasked with supporting the professional accountancy associations in Ukraine and helping them achieve financial sustainability and to take the lead in accounting reform including transition to IFRS; helping CIPA training providers strengthen and broaden their network across the country. The Project is further assigned to promote the local CIPA-EN entity and guide its operations towards an independent and sustainable entity. Finally, the project will increase public awareness of the CIPA Certification Program among industry and the government; improving efficiency and transparency of tax administration through tax and financial accounting reconciliation.

• Strengthen the technical, organizational, and financial capacity of progressive Ukrainian accountancy associations
  Pragma is assisting Ukrainian accounting associations become a full-fledged professional self-regulatory organizations that will promote standards-setting, enforcement, and certification functions. Pragma is helping it achieve financial sustainability and take the lead in accounting reform, including transition to IFRS, and harmonization of financial and tax accounting.

• Strengthen and broaden the network of CIPA training providers across the country
  Pragma is tasked to strengthen the capacity of the CIPA training providers to offer high-quality CIPA training services. The assistance will be extended to train the trainers/providers in the seven CIPA courses; to provide training materials; to develop and introduce training quality assurance standards, trainer/provider quality control procedures, and to implement trainer and trainee incentive programs.

• Establish CIPA-EN operations as an independent and sustainable entity
  Pragma is supporting the Ukraine branch of the CIPA Examination Network become financially sustainable. Once the CIPA-EN branch is legally registered in Ukraine , it will be responsible for the timely and rigorous conduct of the CIPA examinations in accordance with the established schedule. Pragma will work with CIPA-EN to ensure: timely announcement of the examination schedule, appropriate administration of the CIPA examinations; writing the Ukraine-specific Tax and Law examination questions on a regular basis; mailing examinations to the CIPA Grading Center.

• CIPA Public Awareness and Promotion Effort
  Pragma is promoting the CIPA certification program gain recognition by the profession, businesses, investors, and government. To achieve this goal Pragma is implementing a public relations and marketing campaign to increase awareness and recognition of the CIPA program in Ukraine among all potential stakeholders, including practitioners, students, training and education institutions, enterprises, financial intermediaries, and government regulators.

• Tax and Financial Accounting Reconciliation
  CIPA Ukraine will promote corporate governance initiatives and promote efficiency and transparency of tax administration through tax and financial accounting reconciliation. Pragma is working with the tax policy staff of the Ministry of Finance (MOF), the State Tax Administration (STA) and the interagency task force to draft appropriate legislation and reconciliation procedures. The procedures will then be pilot tested in at least ten enterprises. The contractor will prepare a tax reconciliation manual and will conduct training based upon it.

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