Publication:
Financial Sector Assessment Program - Albania : Corporate Sector Financial Reporting

dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2014-08-14T15:11:17Z
dc.date.available2014-08-14T15:11:17Z
dc.date.issued2014-02
dc.description.abstractThis note is prepared as part of the financial sector assessment program (FSAP). Its main objective is to describe the status and recent developments in corporate financial reporting framework in Albania and highlight key issues relevant to financial sector. The note represents a technical annex to the main FSAP aide-memoire and seeks to provide a high level overview of developments since the 2006 accounting and auditing report on the observance of standards and codes (A and A ROSC), and highlight the areas that are most relevant to the financial sector. Notable progress has been made in developing modern corporate financial reporting framework in Albania since 2006, especially in improving the statutory framework and efforts to align it with the European Union (EU) acquis communautaire. The major consequences are that there is limited financial information on corporate entities available on the market that is reliable for economic decision making or supervision of financial sector entities. The capacity and skills of institutions responsible for accounting and auditing regulation, as well as accounting and auditing profession in Albania need further development. The annex one to this note offers details on status of implementation of 2006 A and A ROSC policy recommendations.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/02/19768300/albania-financial-sector-assessment-program
dc.identifier.urihttps://hdl.handle.net/10986/19294
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNT
dc.subjectACCOUNTANCY
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING CURRICULUM
dc.subjectACCOUNTING REFORM
dc.subjectACCOUNTING SERVICES
dc.subjectACCOUNTING STANDARD
dc.subjectACCOUNTS
dc.subjectAUDIT COMMITTEES
dc.subjectAUDIT ENGAGEMENTS
dc.subjectAUDIT REPORTS
dc.subjectAUDITED FINANCIAL INFORMATION
dc.subjectAUDITED FINANCIAL STATEMENTS
dc.subjectAUDITING
dc.subjectAUDITING PROFESSION
dc.subjectAUDITING STANDARDS
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectAUTONOMY
dc.subjectBALANCE SHEET
dc.subjectBANKING LEGISLATION
dc.subjectBANKING SECTOR
dc.subjectBANKS
dc.subjectBROKERAGE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ETHICS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCIVIL SERVICE
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT INSTITUTIONS
dc.subjectDEPOSITS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL AUDITORS
dc.subjectFACTORING
dc.subjectFINANCIAL COMPANIES
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENTS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectGOOD PRACTICE
dc.subjectHARMONIZATION
dc.subjectINCOME
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINSURERS
dc.subjectINTERNAL CONTROL
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS COMMITTEE
dc.subjectINTERNATIONAL AUDITING STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectLAWS
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATION
dc.subjectLIMITED LIABILITY COMPANIES
dc.subjectPEER REVIEW
dc.subjectPENALTIES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY AUDITS
dc.subjectQUALITY CONTROL
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY BODIES
dc.subjectREPUTATION
dc.subjectSECURITIES
dc.subjectSECURITIES REGULATORS
dc.subjectSHAREHOLDERS
dc.subjectSINGLE MARKET
dc.subjectSTATUTORY AUDITORS
dc.subjectSTOCK EXCHANGE
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectVOLATILITY
dc.titleFinancial Sector Assessment Program - Albania : Corporate Sector Financial Reportingen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2014-07-08
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/02/19768300/albania-financial-sector-assessment-program
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid550711468202743235
okr.identifier.externaldocumentum000442464_20140708131635
okr.identifier.internaldocumentum19768300
okr.identifier.report89247
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/08/000442464_20140708131635/Rendered/PDF/892470FSAP0P1400Box385275B00Public0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryALBANIA
okr.sectorFinance :: General finance sector
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development
okr.unitKnowledge & Information Services (ITSKI)
okr.volume1 of 1
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