Kosovo - Gaining best practices from Croatia on credible financial reporting systems.
During March, the main Kosovo bodies that work on drafting the legislation on financial reporting, accounting and auditing, were part of a study visit in Croatia, with the objective of gaining best practices on creating a credible financial reporting system and empowering public oversight structures of financial reporting and auditing. This activity falls under the “Company Law” Chapter of the Stabilization and Association Agreement (SAA) of Kosovo.
Meeting with the Croatian Ministry of Finance
Participants were able to learn more about Croatia’s practices in terms of organisation, implementation of international standards, capacity building in monitoring, regulating, licensing and drafting the annual register of financial reports and their use as a source of information for macro analysis at the national level. The information on the importance of financial statement in the investment sector will affect the orientation of state policies for investments in certain sectors. Furthermore, on the legal side, the participants will be able to contribute to the development of a methodology for quality supervision and control of audit firms and legal auditors, good practices and results of quality control, annual register and their publication.
Meeting with the Croatian Financial Agency
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Meeting with the Croatian Ministry of Economy