IPSASB ISSUES EXPOSURE DRAFT TO CLARIFY GUIDANCE ON BORROWING COSTS

Stakeholder comments on Exposure Draft 74 sought by March 1, 2021 The International Public Sector Accounting Standards Board (IPSASB) has today released for comment Exposure Draft (ED) 74, IPSAS 5, Borrowing Costs – Non-Authoritative Guidance. The ED proposes...

SCAAK and EBRD finalize project to support micro and small enterprises towards economic recovery

The Society of Certified Accountants and Auditors of Kosovo (SCAAK) has finalized the implementation of the project for "Supporting micro and small enterprises towards financial management", a project which was supported by the European Bank for Reconstruction and Development (EBRD)...

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SCAAK members become part of EUIPO - European Union Intellectual Property Office

The Society of Certified Accountants and Auditors of Kosovo (SCAAK) being a full member of the European Federation of Accountants and Auditors for SMEs (EFAA) today was informed by the President of this Federation Mr. Salvador Marin that in September this year EFAA has signed a Cooperation...

The first meeting of the SCAAK Board of Directors for the 2020-2022 mandate

Prishtina, 05 October 2020 - The Society of Certified Accountants and Auditors of Kosovo (SCAAK) in accordance with its statute, today held the first meeting of the Board of Directors who were elected by the General Assembly of members in the meeting held on 28.09.2020. The members of the Board...

General Assembly Meeting 2020

On September 28, 2020, the General Meeting of the Assembly of the Society of Certified Accountants and Auditors of Kosovo (SCAAK) was held. The members of the Association with a minute of silence reminded their colleagues Mr. Kujtim Qafleshi and Mr. Andan Dërvari who passed away as a result...

SCAAK and EBRD Support Micro and Small Enterprises Towards Economic Recovery

The Society of Certified Accountants and Auditors of Kosovo (SCAAK) started webinars as part of the project "Supporting micro and small enterprises towards financial management", a project which is supported by the European Bank for Reconstruction and Development (EBRD) through funding...

SCAAK was visited by the evaluation commission of the National Qualifications Authority (NQA)

Prishtina, 23 September 2020 - For the re-accreditation of Certification Programs for the private and public sector and internal audit, the Society of Certified Accountants and Auditors of Kosovo (SCAAK) hosted today the evaluation commission from the National Qualifications Authority (NQA) ...

STRENGTHENING THE INTERNATIONAL AUDIT AND ETHICS STANDARD-SETTING SYSTEM

Published by: The Monitoring Group The Monitoring Group published its final paper (the “Paper”) concerning reforms to the global standard-setting process for audit, assurance and ethics. The purpose of this Paper is to present the Monitoring Group’s recommendations to...

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NOTICE: The Ministry of Finance publishes the Decision to postpone the deadline for submission of annual financial statements and statements of all enterprises in Kosovo to the KCFR

On 25.06.2020, the Ministry of Finance published the Decision to extend the deadline until AUGUST 15, 2020, for the submission of annual financial statements and statements of all enterprises in Kosovo to the Kosovo Council for Financial Reporting (KCFR). To access the Decision, click HERE

SCAAK and EBRD Support Micro and Small Enterprises Towards Economic Recovery

Prishtina, 23 June 2020 - The Society of Certified Accountants and Auditors of Kosovo (SCAAK) and the European Bank for Reconstruction and Development (EBRD) have signed an agreement for the development and implementation of the project "Support to micro and small enterprises towards financial...

The next session of Continuing Professional Education

The next session of Continuing Professional Education

NOTICE

Notice - The Ministry of Finance and Transfers decides on the extension of the deadline for submission of declarations and payment of taxes

The Ministry of Finance and Transfers has published the Decision to extend until April 30, 2020 the deadline for submission of tax returns, reports and payments, as well as the treatment and decision regarding refunds, related to the implementation of applicable tax legislation. Please click...

Notice - The Ministry of Finance and Transfers publishes the Decision to extend the deadline until June 30, 2020 for the submission of statements to the KCFR

The Ministry of Finance and Transfers has published the Decision to postpone the deadline until June 30, 2020 for the submission of statements and financial statements of all enterprises to the Kosovo Council for Financial Reporting(KCFR). Please click HERE to access the DECISION

SCAAK PROPOSES SUPPORT MEASURES FOR BUSINESSES AND NON-GOVERNMENTAL ORGANIZATIONS

SCAAK represents more than 7,000 members who serve a large number of small and medium enterprises in Kosovo. Small and medium-sized enterprises will be most affected by the economic consequences of measures taken by the Government to protect public health from COVID-19. We call on the...

SCAAK: Notice of suspension of activities

Dear members, Following the decision of the Government of the Republic of Kosovo to take preventive measures against the spread of Covid-19 virus, including the termination of the educational process at all levels until 27/03/2020, SCAAK informs you that starting from 12/03/2020 all trainings...

Achieving High-Quality Audits

High-quality audits of financial statements are essential to strong organizations, financial markets and economies.  While audits have historically focused on enhancing the confidence of investors and other providers of capital, other stakeholders also benefit—including directors,...

The Right Process

The objective of an audit is to provide investors and other stakeholders with reasonable assurance as to whether the financial statements, taken as a whole, are prepared in accordance with the applicable financial reporting framework and are free from material misstatement.  Audits help...

The Right People

High-quality audits depend on individuals, acting in the public interest, with the experience, integrity, independence, professional judgement, and skills commensurate with a high-quality audit.  There is no more important factor. It is therefore vital that audits be conducted in an...

The Right Governance

Achieving high-quality audits is dependent on a well-functioning ecosystem of participants from the audit profession as well as from governing bodies, directors and management.  The right culture—starting with the tone at the top—and right oversight are critical to achieving a...

The Right Regulation

Regulation plays an important role in calibrating incentives, driving good outcomes, and ensuring that reasonable expectations are met.  At the same time, there is the risk that the cost of regulation outweighs the benefits, that regulation can foster low-value defensive behaviors, or can...

The Right Measurement

The term audit quality encompasses the key elements, both contextual and quantifiable, that create an environment which maximizes the likelihood that quality audits are performed on a consistent basis. Globally, many thousands of audits are performed annually—in the public...

Calls to Action

All participants in the audit and assurance ecosystem must act to improve the audit process, the skill-set and mind-set of accounting professionals, the governance activities of companies and firms, the regulations and standards that support entity reporting and auditor behavior, and how audit...

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Responsibility of certified accountants for signing financial statements

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Ethics is the value of a member of the Society of Certified Accountants and Auditors of Kosovo