The Institute of Solomon Islands Accountants (ISIA) last week successfully saw the first cohort of training participants sit their examination for the Financial Reporting Module of the Institute’s Professional Diploma in Accounting Program which was recently launched in July 2022.
The first 54 participants who are part of the first cohort in this pilot program sat their exams last week of which 89% passed.
CEO of ISIA, Pamela Naesol Alamu says the high rate of pass is a good indication of the appropriateness of the content of the course for our local accountants.
“I am very pleased with the result of this cohort as an 89% pass rate is quite high and is above what we have initially anticipated. It is the first time for the Institute to be rolling out such professional programs therefore we were not really sure on how the outcome will turn out so such a pass rate is good news for us,” she says.
The participants who are accountants working in both private and public sectors sat the Financial Reporting Exam as the first part of the ISIA and IPA Professional Diploma in Accounting Program.
The program has four modules which is aimed to equip bookkeepers and accounting technicians with relevant knowledge and technical skills aligned to internationally recognized standards.
Ms Alamu says, “This Professional Diploma is the first of professional development programs that ISIA intends to bring into the country to help raise standards of knowledge and skills of our local accountants, which is consistent with the Institutes overall objective of raising the standards of the local accounting profession in the country.”
The participants had applied were selected and awarded Australian Government-funded scholarships to participate in the program.
At the launch of the program, CEO Alamu had highlighted, “the overall intention of the institute is to raise the confidence of the public and other key stakeholders who rely on the services provided by our members. Consequently, we have to provide high standards of professional trainings to our local accountants to enable them to provide high quality services in the various roles they serve in whether it is in the private or public sector.”
The program is being rolled in partnership with the Institute of Public Accountants (IPA) and Monarch Institute and ISIA, and funded by the Government of Australia through its Australian Aid Program.