The Centre for Financial Reporting Reform (CFRR), a branch of the World Bank, convened in Vienna on 26-27 April 2018, bringing together participants from each of the countries involved in two regional projects: Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine as part of the Strengthening Auditing and Reporting in the Eastern Partnership Countries (STAREP), and Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia as part of the Road to Europe: Accounting Reform and Institutional Strengthening Program (EU-REPARIS).
Albania was represented by:
Mr. Dritan Fino - Chairman of the Public Oversight Board
Ms. Adriana Berberi - Member of the Public Oversight Board
Mr. Aldo Spahiu - Consultant, Public Oversight Board
Mr.Sotiraq Dhamo-Chairman of the ICAS, Certified Accountants Professional Organizations
Mr. Hysen Cela - Chairman of the BAC, IEKA/IAAE
Mr.Teit Gjini - Member, Certified Auditor, member of the IEKA assembly
The main objective of this activity was to increase participants' knowledge regarding audit quality assurance systems through presentations and discussions on key principles of audit oversight and quality assurance system processes.
The issue of audit quality remains essential for public trust in auditing. While the implementation of audit quality is in various stages in the participating countries in both programs, concerns persist, both for audits falling below satisfactory standards and for the pace of improvement. It was further concluded that there is significant interest in initiatives to enhance audit quality.
