Event Title

External Audit

Session

Management, Business and Economics

Description

Principal and agent problems resulting from asymmetric information, the needs of creditors, investors, trusted regulators, managers, financial scandals, frauds, and others have made the demand for audits and auditors with high integrity to increase we keep going over the last few decades. There are many frequently asked questions about why auditing is needed, the simple answer would be because it is required by law. External audit make it possible and reasonable to first understand and clarify the general notion of auditing and the general auditing standards to be adhered to, while not neglecting the concepts and stages through which the audit goes through, where all chapters are interconnected in order to fully understand the role of external audit in the economy. In Kosovo, given that it is a developing country, the importance of external auditing also plays an impoertant role in economic development. The purpose of this paper is to investigate the relevance of audit companies, to show evidence that the audit process is key factor in ensuring clarity and reliability in company financial statements where the first thing needed is that the market should recognize the importance of the value of the audit. The following chapters will provide a clear overview of the level of importance of external audit. There will also be a literature review of the methodology that is planned to be used so that the results in the following chapters are clear and understandable.

Keywords:

External Audit, Kosovo, Raports, Processes.

Session Chair

Arta Mulliqi

Session Co-Chair

Muhamet Gërvalla

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

Location

Pristina, Kosovo

Start Date

26-10-2019 3:30 PM

End Date

26-10-2019 5:00 PM

DOI

10.33107/ubt-ic.2019.375

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Oct 26th, 3:30 PM Oct 26th, 5:00 PM

External Audit

Pristina, Kosovo

Principal and agent problems resulting from asymmetric information, the needs of creditors, investors, trusted regulators, managers, financial scandals, frauds, and others have made the demand for audits and auditors with high integrity to increase we keep going over the last few decades. There are many frequently asked questions about why auditing is needed, the simple answer would be because it is required by law. External audit make it possible and reasonable to first understand and clarify the general notion of auditing and the general auditing standards to be adhered to, while not neglecting the concepts and stages through which the audit goes through, where all chapters are interconnected in order to fully understand the role of external audit in the economy. In Kosovo, given that it is a developing country, the importance of external auditing also plays an impoertant role in economic development. The purpose of this paper is to investigate the relevance of audit companies, to show evidence that the audit process is key factor in ensuring clarity and reliability in company financial statements where the first thing needed is that the market should recognize the importance of the value of the audit. The following chapters will provide a clear overview of the level of importance of external audit. There will also be a literature review of the methodology that is planned to be used so that the results in the following chapters are clear and understandable.