ECM: Macedonia could run out of accountants in five years


In five years, Macedonia could be left without accountants. So far, 7,197 accountants are registered professionals. Of those, 24% are people under 35 while over 51% of the accountants are over 55 years old, show alarming data of the Economic Chamber of Macedonia (ECM).

"Accounting must be improved and raised up, it must be treated as an analytic profession that enables businesses to reach appropriate, management-like decisions," said Aneta Trajkovska, director at the Economic Chamber.

According to Lence Papazovska of the Association of Accountants, accountants must follow the trends, changes to legislation, learn how to analyse financial reports and acquire a proactive role.

"It is necessary accountants to use information technologies, digital platforms and mobile apps to improve their services all the while using social networks to find new clients and to have better communication with existing clients," she said.