Financial Sector Assessment Program - Albania : Corporate Sector Financial Reporting

World Bank ; International Monetary Fund

World Bank, Washington, DC

关键词: ACCOUNT;    ACCOUNTANCY;    ACCOUNTANTS;    ACCOUNTING;    ACCOUNTING CURRICULUM;   

RP-ID  :  89247

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This note is prepared as part of thefinancial sector assessment program (FSAP). Its mainobjective is to describe the status and recent developmentsin corporate financial reporting framework in Albania andhighlight key issues relevant to financial sector. The noterepresents a technical annex to the main FSAP aide-memoireand seeks to provide a high level overview of developmentssince the 2006 accounting and auditing report on theobservance of standards and codes (A and A ROSC), andhighlight the areas that are most relevant to the financialsector. Notable progress has been made in developing moderncorporate financial reporting framework in Albania since2006, especially in improving the statutory framework andefforts to align it with the European Union (EU) acquiscommunautaire. The major consequences are that there islimited financial information on corporate entitiesavailable on the market that is reliable for economicdecision making or supervision of financial sector entities.The capacity and skills of institutions responsible foraccounting and auditing regulation, as well as accountingand auditing profession in Albania need further development.The annex one to this note offers details on status ofimplementation of 2006 A and A ROSC policy recommendations.