2017News

Universities are behind in global accounting practices

Photo: 7 Dias

The president of the Public Accountant Institute of the Dominican Republic (ICPARD), Felipe Montero, urged that universities adapt their study courses to the new international parameters that cover accounting practices and procedures that our interconnected world demands.

Montero said the accounting schools need to bring their students up to date with the new certified public accounting requirements. He said the ICPARD, the International Federation of Accountants and the Inter American Association of Accounts (AIC) all are ruled by the same new criteria.

“The universities need to understand that it is no longer possible to employ professors that are not up to date on the accounting rules if they want to graduate good professionals,” he said. Montero spoke during a meeting with directors of accounting schools of several local universities with the officers of the IFAC Joseph Bryson, Manuel Arias, Sarah Gagnon and Dana Jensen and the president of AIC, Cornelio Porras. The accounting schools of 22 local universities were invited, but Montero said few attended.

He was critical that the state university, UASD, that has an enrollment of 50% of the students in accounting nationwide, has not been integrated into these cutting edge efforts.

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7 Dias

19 December 2017