Report on the Observance of Standards and Codes on Accounting and Auditing : Albania Update
Albania's remarkable economic transformation has been affected by the global financial crisis. The country's main challenges include maintaining macro-fiscal and financial sector sustainability, improving the investment climate and...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Vienna
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/602231581090011333/Albania-Report-on-the-Observance-of-Standards-and-Codes-on-Accounting-and-Auditing http://hdl.handle.net/10986/33305 |
| Summary: | Albania's remarkable economic
transformation has been affected by the global financial
crisis. The country's main challenges include
maintaining macro-fiscal and financial sector
sustainability, improving the investment climate and
unleashing private sector growth, removing barriers to
employment for job creation, and improving governance and
public service delivery. Improving the business climate and
addressing gaps in infrastructure and labor force skills are
necessary to reap the early benefits of European Union (EU)
accession and make Albania attractive for foreign direct
investments. This report on the observance of standards and
codes in accounting and auditing (ROSCA and A) seeks to
assist with the further development of the financial
reporting institutional framework in Albania. The report
summarizes key findings, identifies gaps, and makes
recommendations for consideration by the authorities to
improve alignment with international standards and good practice. |
|---|