The Synergy of Science and Practice: Strengthening the Accounting and Internal Auditing in the Public Sector
We are delighted to share a thoughtful reflection by Ms. Zorica Božinovska Lazarevska, a respected academic from the Faculty of Economics at the University of St. Cyril and Methodius in Skopje, North Macedonia, on the collaboration between science and practice in strengthening the accounting and internal auditing profession within the public sector. Her extensive academic and professional experience provides valuable insights into the crucial partnership between academia and practice in developing highly skilled accounting and internal auditing professionals in the public sector.
“Bridging the gap between science and practice is essential for improving the quality of accountants and internal auditors in the public sector. This was evident during the conference in May, where group discussions between representatives from academia and practitioners highlighted the diverse perspectives on common issues. Despite these different viewpoints, the goal of both sides was clear: to create a strong foundation of professionals who will strengthen the accounting and auditing profession in the public sector. The exchange of ideas from both fields provided valuable insights into the development of alternative programs aimed at certifying public sector accountants and internal auditors, creating professional development initiatives, and attracting and retaining high-quality talent.
As a member of the working group and an active discussant, I witnessed firsthand the consensus that the synergy between science and practice is the only formula for producing quality accountants and internal auditors in the public sector. Developing a certification program for these professionals requires a balance of both theoretical and practical knowledge. In particular, the role of academia is crucial in designing and conducting professional examinations, while practitioners provide essential insights into the practical requirements of both professions. Both science and practice should be viewed as two sides of the same coin in the development of the accounting and internal auditing profession in the public sector. Excluding one from the equation leads to incomplete solutions, opening the door to improvisation rather than the creation of highly skilled professionals.
Such synergy between science and practice allows both sides to learn from each other. As a representative of the academic community, I incorporate practical topics into the curriculum to ensure that students gain knowledge that will be highly relevant in their future careers. Through my involvement in capacity development events, such as those organized by the Institute of Certified Auditors, I gain insights into the needs of the profession and can adapt my teaching accordingly. By blending theoretical topics with research-based findings drawn from collaborations with practitioners, I help students expand their knowledge and skills, better preparing them for their careers in accounting and auditing.
Positive experiences from the external audit field serve as a model for what can be achieved in the public sector. With access to experts from both academia and practice, there are abundant resources available to strengthen both professions. The result of this approach is the preparation of students who not only possess the necessary theoretical foundation but also the practical skills required for entering the profession and advancing their careers more quickly. Joint events with auditing firms during lectures also facilitate better recruitment opportunities for students.
Moreover, as part of the academic community, we regularly collaborate with auditors in both the private and public sectors on research projects and participate in international conferences. Publishing research in global academic journals allows us to promote the accounting profession on an international scale. The knowledge we share with the profession is reciprocated by practitioners, who invite the academic community to engage in their activities. This ongoing exchange of experiences and ideas, including communication with colleagues from other countries, ensures the development of professionals with a broad and deep knowledge base.
Lastly, without this synergy between science and practice, the accounting and internal auditing profession cannot thrive. Both sides must work together to foster a high-quality, dynamic profession in the public sector.”