With support from the World Bank and the Swiss Enlargement Contribution, the country’s next generation of financial experts will go through extra classes and rely on new online courses to reach international financial reporting standards called IFRS.
Mariusz Kuciński, a consultant at PKF, an advisory and international business services firm in Warsaw, says this is a good thing. “I see this training effort in a positive light, IFRS standards are needed by a limited, but important, group of companies and banks. But, thanks to this widely disseminated effort, people now know what IFRS is, and that’s a really positive thing.”
Currently, about 1,500 of the larger businesses in Poland rely on IFRS-trained financial analysts.
Poland boasts about 7,000 accountants and 3,500 auditors. At the Warsaw University of Technology Business School, professors are training the next generation of financial services advisors – from future CEOs to auditors – with an emphasis on joining the global economy.