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...

The next session of Continuing Professional Education

Responsibility of certified accountants for signing financial statements

The next session of Continuing Professional Education

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

IFAC PAO Development Committee Meeting

New York, February 19-20, 2020 - SCAAK Executive Director, Ms. Ardiana Bunjaku participated in IFAC Professional Accountancy Organization Development Committee (PAODC) meeting, where she also serves as a technical advisor. At the beginning of the meeting the participants were welcomed by the...

The next session of Continuing Professional Education

SCAAK participates on the International Conference of National Audit Office

Prishtina, February 12, 2020 - Representatives of the Society of Certified Accountants and Auditors of Kosovo are attending an International Conference organized by the National Audit Office - "The Meaning and Importance of the Membership to INTOSAI: Impact and Benefits for the Supreme Audit...

Notice - KCFR publishes Administrative Instruction no. 01/2020 on Annual Financial Reporting of Micro Enterprises

Sustainable Development Goals Disclosure (SDGD) Recommendations

IFAC joins leading accounting bodies to call for corporate and asset owner action and improved reporting on the UN’s Sustainable Development Goals (SDG) in an attempt to hit goals set for 2030. The recommendations are detailed in the report, Sustainable Development Goals Disclosure...

SCAAK participates in FCM Council Meeting

Rome, January31, 2020 - President of the SCAAK Council Mrs. Afërdita Gashi attended the FCM Council Meeting. During this meeting the participants discussed the new strategy plan, update on activities and the next 18th Annual Conference. At this meeting, an important issue for discussion...

Discussion meeting with Statutory Auditors on the main requirements of the Law on Accounting, Financial Reporting and Auditing

SCAAK visits partners in Albania

Tirana, January 23-24, 2020 - SCAAK representatives held meetings with representatives of the Public Supervisory Board of the Republic of Albania, The Institute of Authorized Chartered Auditors of Albania (IEKA) and the Albanian Institute of Certified Accountants (IKM). Discussions...

Businesses and Accounting and Auditing Professionals discuss the Law on Financial Reporting

Prishtina, January 21, 2020 – The Society of Certified Accountants and Auditors of Kosovo, the American Chamber of Commerce and the Kosovo Chamber of Commerce organized a roundtable on the new requirements arising from the Law on Accounting, Financial Reporting and Auditing and the...

​The Key to Better Internal Audit Reports

​Audit reports are critical for communicating the results of an audit. The best case is that weeks or often months of work are boiled down into a powerful narrative that drives positive action. The more likely case is that weeks or often months of work are laid out in a painstakingly long,...

SCAAK participated in the ceremony of the 20th anniversary of the Tax Administration of Kosovo

The Tax Administration of Kosovo today marks the 20th anniversary of its establishment, a period with many challenges but undoubtedly many successes in collecting taxes and contributions and providing quality services to taxpayers. Representatives of SCAAK had the honor to participate in the...

Notice to taxpayers – TAK modifies PD and CD tax forms

Tax Administration of Kosovo notifies you that the Annual Declaration and Payment Form for Personal Income Tax (PD) and the Annual Declaration and Payment Form for Corporate Income Tax (CD) are being modified, so by 31 January 2020, submission of these forms is not possible. Modification/change...

Announcement - KCFR publishes the Administrative Instruction MF-No. 07/2019 on the Structure, Content and Submission of Annual Financial Reports

Kosovo Council for Financial Reporting (KCFR) has issued the Administrative Instruction MF-No. 07/2019 on the Structure, Content and Submission of Annual Financial Reports.   Please click HERE  to access the Administrative Instruction.

Season's Greetings!

Announcement - KCFR publishes the Administrative Instruction on the Indipendence of Statory Auditors and Auditing Firms

Kosovo Council for Financial Reporting (KCFR) has issued the Administrative Instruction No. 02/2019 on the Independence of Statutory Auditors and Auditing Firms.  Please click HERE to access the Administrative Instruction.

Announcement - TAK with Public Ruling on Obligation to Pay VAT on the Supply of Construction Services – Applying the Reverse Charge

The Tax Administration in Kosovo has issued the Public Ruling No. 03/2019 on Obligation to Pay VAT on the Supply of Construction Services – Applying the Reverse Charge. The purpose of this Public Ruling is to clarify the tax treatment for VAT aspects of the supply of services in the...

7 Changes Accountants Should Watch Out For in 2020

It won’t come as a shock to know that the major changes expected for the accounting industry in 2020 are related to technology. So, what changes can you expect in 2020? What might surprise you is that 67% of accountants feel the profession is more competitive today than ever...

Principles and practices of an effective PAO Chief Executive Officer (CEO)

In the conference "Developing Accountancy Capacity in Emerging Economies ", during the second day Executive Director of SCAAK - Ms. Ardiana Bunjaku presented at the panel: Principles and practices of an effective PAO Chief Executive Officer (CEO) or equivalent. Mrs. Bunjaku on the...

Kosovo presents experiences in implementing public financial reforms

In Malaysia is being held the conference "Developing Accountancy Capacity in Emerging Economies"  in which are participating The Executive Director of SCAAK - Ms. Ardiana Bunjaku, The Auditor General of the Republic of Kosovo - Mr. Besnik Osmani, Deputy Auditor General of the...