Organization of Audit Profession in Albania from the Perspective of Auditing Regulations

Year 2021, Issue: 20, 45 - 62, 25.01.2021

Mustafa Üç Alba Kruja

Abstract

Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic operations and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. Albania as a developing country, coming from a socialist regime after the 1990s, is passing through a deep transformation process passing from a socialist and centralized economy to a public economy where the free market economy rules are applied. Objectives of this study are to analyze the historical developments from 1990`s up to now of the auditing profession, legal regulations and education in Albania.

Keywords

External and internal auditing, Professional organization, Legal regulations, Educational developments, Albania

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