A COMPETENCY-BASED CURRICULUM AS THE BASIS FOR THE FORMATION OF FUTURE COMPETENT SPECIALISTS

Abstract

The process of globalization sets new requirements for the professional qualification of accountants and auditors. In the business world globalized investment market demands consistent high quality financial information across borders; investors are looking for a global accounting profession to provide it. Over the last two decades, academics and practitioners have questioned whether academia is keeping up with the needs of the accounting profession. There is more pressure on accounting professionals to expand and enhance their knowledge, skills, and abilities beyond what they are currently likely to possess. Providers of accounting education must take into account the changed world and create contemporary curricula. The paper gives a brief overview of competency-based approach in building up an accounting curriculum.