The Consequences of Providing Lower-Quality Audits for Limited Liabilities Companies (L.L.C) in the Republic of Kosovo
Session
Management Business and Economy
Description
This study examines the implications of delivering lower-quality audits to Limited Liability Companies (L.L.C.s) in the Republic of Kosovo. In a growing economy where L.L.C.s play a pivotal role, the quality of financial audits directly impacts financial transparency, investor confidence, and regulatory compliance. Utilizing a mixed method approach, this research evaluates how subpar audit practices affect various stakeholders, including company management, investors, and regulatory bodies. The analysis reveals that inadequate audits can lead to significant financial misreporting, diminished investor trust, and regulatory challenges. Moreover, the study identifies systemic weaknesses within the audit profession in Kosovo, such as insufficient training and lack of rigorous standards. The findings underscore the need for enhanced audit quality controls and regulatory reforms to safeguard the integrity of financial reporting and support the sustainable growth of the L.L.C. sector in Kosovo
Keywords:
Republic of Kosovo, Financial Transparency, Investor Confidence, Sustainable Growth
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-982-15-3
Location
UBT Kampus, Lipjan
Start Date
25-10-2024 9:00 AM
End Date
27-10-2024 6:00 PM
DOI
10.3107/ubt-ic.2024.10
Recommended Citation
Sylejmani, Blinera, "The Consequences of Providing Lower-Quality Audits for Limited Liabilities Companies (L.L.C) in the Republic of Kosovo" (2024). UBT International Conference. 10.
https://knowledgecenter.ubt-uni.net/conference/2024UBTIC/MBE/10
The Consequences of Providing Lower-Quality Audits for Limited Liabilities Companies (L.L.C) in the Republic of Kosovo
UBT Kampus, Lipjan
This study examines the implications of delivering lower-quality audits to Limited Liability Companies (L.L.C.s) in the Republic of Kosovo. In a growing economy where L.L.C.s play a pivotal role, the quality of financial audits directly impacts financial transparency, investor confidence, and regulatory compliance. Utilizing a mixed method approach, this research evaluates how subpar audit practices affect various stakeholders, including company management, investors, and regulatory bodies. The analysis reveals that inadequate audits can lead to significant financial misreporting, diminished investor trust, and regulatory challenges. Moreover, the study identifies systemic weaknesses within the audit profession in Kosovo, such as insufficient training and lack of rigorous standards. The findings underscore the need for enhanced audit quality controls and regulatory reforms to safeguard the integrity of financial reporting and support the sustainable growth of the L.L.C. sector in Kosovo