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Institute of Education of the Institute of Certified Public Accountants Activities and Collaborations

1. Foundation-Objectives

The Institute of Education of the Institute of Certified Public Accountants was founded in 1997, continuing the tradition of the Institute of Certified Public Accountants, which from 1955 onwards provided high quality training to its members. IESOEL was founded by the Institute of Certified Public Accountants with the aim of providing postgraduate professional training to new entrants in the audit profession as well as to all business personnel wishing to receive such training. IESOEL also has as its aim the organization of special educational seminars of those employed in the field of auditing and accounting.

2. Program of Postgraduate Professional Studies

The postgraduate program deals with Applied Accounting and Auditing and includes all prescribed subject matter of  professional entrance examinations as stated by article 8 of law 3693/2008 in application of directive 2006/43 of the European Union for the acquisition of the practicing certificate for the profession of Certified Public Accountant.

The program includes certain other subject matter which is indispensable to the profession of the Certified Public Accountant. The program consists of 800 hours of instruction over two years.

Theoretical and practical instruction in the subject matter of the program is imparted by experienced and renowned university professors, Certified Public Accountants with postgraduate studies and education received abroad, as well as high ranking personnel belonging to the public administration, especially in regards to questions of taxation and finance.

SOEL has modern educational facilities at its offices in Athens and Thessalonica, where IESOEL provides the aforementioned postgraduate education.

3. Award of Certificate of Studies

Those who complete the course of study of the postgraduate program and pass the professional examinations of the Institute of Certified Public Accountants are awarded the Post Graduate Professional Training Certificate in Auditing and Accounting of IESOEL.

Graduates of the program receive the practicing license of the Certified Public Accountant after having fulfilling the requirement mandating BY LAW a minimum length of work experience as mandated by law.

4. Organization and Conduct of Professional Examinations

The institute of Certified Public Accountants has been assigned the responsibility for the organization and conduct of the professional entrance examinations mandated by article 7 of Law 3693/2008 in order to receive the practicing license of the Certified Public Accountant. These examinations take place twice a year (December and July).

5. Collaborations with other Educational Institutions

IESOEL collaborates with the following institutions.

5.1 The National Kapodistrian University of Athens

From 2006 onwards the Institute of Certified Public Accountants, through IESOEL and in collaboration with the National Kapodistrian University of Athens has from 2006 onwards, the postgraduate studies program in Applied Accountancy and Auditing, which leads to the award of a Master’s degree in these fields of study.

This program is the first of its kind in Greece and aims to transmit to the participants the academic knowledge of the Professors of the National Kapodistrian University as well as the practical skills and experience of the Certified Public Accountants of SOEL, the official audit institution in Greece.

Those students who wish to acquire, in addition to the Master’s degree the practicing certificate for the profession of Certified Public Accountant participate in the professional entrance exams organize by SOEL, and the grade they receive for every exam taken is recognized as the grade for the equivalent course in the Master’s program.

5.2 From the Academic year 2012-2013 the Institute of Certified Public Accountants, through IESOEL, is in collaboration with the University of Macedonia for Economic and Social Studies in order to provide the postgraduate studies program in Applied Accountancy and Auditing which leads to the award of a Master’s degree in this field of study.

The collaborative framework under-girding the common program organized with the University of Macedonia is the same as aforementioned framework of collaboration with the National Kapodistrian University. The key objective of this collaboration is the extension of the services provided by IESOEL to northern Greece.

Those awarded the Post Graduate Professional Training Certificate in Auditing and Accounting of IESOEL also acquire the Master’s degree in Applied Accountancy and Auditing from the National Kapodistrian University of Athens and the University of Macedonia after passing supplementary exams in certain subjects.

5.3 The Association of Chartered Certified Accountants (ACCA) Joint Examination Scheme

On the basis of the agreement signed between SOEL and the ACCA, those interested in doing so may take part in the Joint Examination Scheme and after having been successfully examined in Greek in subjects relating to corporate and taxation law, and in English in all other ACCA courses, are simultaneously awarded the professional title of both institutions.

The Joint Examination Scheme has the approval of the Greek regulatory authority ELTE. Consequently those successfully completing the examinations of the Joint Examination Scheme satisfy the requirements of the professional entrance exams necessary for their recognition as Certified Public Accountants in accordance with Law 3693/2008.

5.4 Other Collaborations and Activities

IESOEL has signed agreements of scientific and educational collaboration with many Greek and foreign Universities in order to be able to provide the necessary scientific and professional training in parts of the country other than Athens and Thessalonica.

SOEL has assigned to IESOEL the execution of Program for Certified Public Accountants which arises form article 11 of Law 3693/2008. In the context of this assignment, IESOEL has to date organized thirteen series of seminars on topical and important issues relating to the audit profession.

IESOEL is active in scientific, financial and accounting publications but also in the organization of education seminars for the personnel of public organizations, banks and large enterprises. Specifically it has been responsible for providing training in relevant subjects to the Financial Department of the Hellenic Army General Staff as well as the Hellenic Navy General Staff.