Financial Crime World

Albania: Compliance Training for Financial Professionals Takes Center Stage

Strengthening Public Sector Internal Audit Capabilities

Compliance training for financial professionals in Albania has taken a significant step forward with the launch of a new program aimed at strengthening public sector internal audit capabilities. The Training of Internal Auditors in the Public Sector of Albania (TIAPS) project, developed by the Chartered Institute of Public Finance and Accountancy (CIPFA), is designed to equip Albanian public sector internal auditors with the skills and knowledge needed to ensure transparency and accountability in the use of public funds.

Program Details

  • The program was developed in collaboration with experts from the Central Harmonization Unit within the Ministry of Finance and Economy, as well as the OECD/SIGMA.
  • The training modules have been designed specifically for this project, incorporating practical teaching methods, including on-the-job training and mentorship from expert regional and local tutors.

Partnership and Funding

  • The TIAPS program has received funding support from the Ministry of Foreign and European Affairs of Slovenia and has also received support from OECD SIGMA to ensure the quality and relevance of the program.
  • CIPFA has a long-standing partnership with the Center for European Governance (CEF) in Albania, which has been supporting the development of strong public finance practices in the country for over 15 years.

Program Goals

  • Equip Albanian public sector internal auditors with the skills and knowledge needed to ensure transparency and accountability in the use of public funds.
  • Strengthen public sector internal audit capabilities in Albania.

Conclusion

“We look forward to continuing this collaboration on the development of the learning materials, as well as playing an active role in the localization working group,” said Sara Breen, Head of International at CIPFA. “We believe that this program will make a significant difference in strengthening public sector internal audit capabilities in Albania and improving transparency and accountability in the use of public funds.”