Request For Expressions Of Interest For Consulting Services International Consultant To Provide Support Pob Inspections Program For Quality Control Of Statutory Audit In The Financial Statements Of Year 2018

Request For Expressions Of Interest For Consulting Services International Consultant To Provide Support Pob Inspections Program For Quality Control Of Statutory Audit In The Financial Statements Of Year 2018 Project Enhancing Quality Of Financial Report ProjectCorporate Financial Reporting Is An Important Element Of Developing The Albanian Market And Its Role Is Growing Along With The Corporate Sector Development And An Increase In Direct Foreign Investment The Findings Of World Bank Diagnostic Assessment Accounting And Auditing Report On The Observance Of Standards And Codes A A Rosc In 2006 Has Led Towards Need For Programmatic Approach To Enhance The Financial Reporting In Albania Based On The Recommendations Of The 2006 A A Rosc The Country Action Plan To Enhance Corporate Financial Reporting In Albania Cap Was Adopted In February 2009 Sc The First Phase Of Cap Has Been Implemented During The Corporate Financial Reporting Enhancement Project Which Has Contributed In Improvement Of Legal And Institutional Framework For Financial Reporting In Albania Beside Of Achievements Of Cfrep Still There Are Match To Be Done To Enhance The Financial Reporting In Albania Further Legal Changes Are Required In Audit Law To Achieve Full Compliance With The Eu Acquis Communautaire Ensuring Adequate Funding And Institutional Arrangements For Audit Oversight And Quality Assurance Remain Also A Critical Issue And Further Improvement Of Audit Methodologies And Techniques Is Needed Accountancy Education Needs Further Strengthening In Albania The First Phase Of Reform Helped Identify Areas Where Accountancy Curricula In Universities And Professional Certifications Need To Better Align With The International Education Standards Iess Issued By The International Accounting Education Standards Board Iaesb The Challenge Going Forward Is To Build Capacity In Universities And Professional Bodies To Best Transfer Knowledge To Current And New Professional Entrants The Enhancing The Quality Of Financial Reporting Project Eq Finrep Under Which These Terms Of Reference Are Issued Seeks To Support The Second Phase Of Implementation Of The Cap In The Context Of An Integrated Programmatic Approach To Support Improving Financial Reporting In Albania

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