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  • Survey Results

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    Users Financial Report

    The results of the survey provide the first empirical data about the perception of the respondents about financial reporting in Albania.

    The survey obtained information from a diverse group of, government institutions, private and public financial institutions, non-financial institutions, academia, etc. The survey data provide evidence about how the respondents perceive the situation of financial reporting in Albania and how to improve it.

    A large number of the survey participants held interest in economic sectors such as financial service, insurance, real estate, retail, transportation telecommunication service, power, and public utilities.
    The results also indicate that user’s objectives are mainly oriented on data gathering and analysis, which justifies the periodical financial statements they use. Taking into account that the participants find it more feasible to analyze and gather data, the level of ease of analyzing the derived information from the annual financial statements should be greater.

    Another notable highlight was that financial reporting users prefer International Financial Reporting Standards (IFRS) than National Accounting Standards (NAS) because it allows a greater clarity on the figures and a fairer measurement of the company’s financial position and performance.

    The responses however, also suggest that there is a need for financial improvement reporting through higher level of details, more explanatory information on the numbers, more clarity around related party relationships, and further details on exposure towards risks as well as risk management activities which determine the appropriate actions to reduce financial risk.

    Overall, the survey findings suggest that there is a considerable improvement of the quality of financial reporting today as compared to 5 years ago identifying also further changes that need to be made.

    Most importantly, the survey results also demonstrate that users are aware of the changes that the reform will bring and its benefits in the financial reporting situation in Albania.

    Downloads

    Full Report - Users Survey

    download

    Brochure Users Survey

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    Prepares Financial Report

    The results of the survey provide the first empirical data about the perception of the respondents about financial reporting in Albania.

    The survey obtained information from a diverse group of, government institutions, private and public financial institutions, non-financial institutions, academia, etc. The survey data provide evidence about how the respondents perceive the situation of financial reporting in Albania and how to improve it.

    A large number of the survey participants held interest in economic sectors such as financial service, insurance, real estate, retail, transportation telecommunication service, power, and public utilities.
    The results also indicate that user’s objectives are mainly oriented on data gathering and analysis, which justifies the periodical financial statements they use. Taking into account that the participants find it more feasible to analyze and gather data, the level of ease of analyzing the derived information from the annual financial statements should be greater.

    Another notable highlight was that financial reporting users prefer International Financial Reporting Standards (IFRS) than National Accounting Standards (NAS) because it allows a greater clarity on the figures and a fairer measurement of the company’s financial position and performance.

    The responses however, also suggest that there is a need for financial improvement reporting through higher level of details, more explanatory information on the numbers, more clarity around related party relationships, and further details on exposure towards risks as well as risk management activities which determine the appropriate actions to reduce financial risk.

    Overall, the survey findings suggest that there is a considerable improvement of the quality of financial reporting today as compared to 5 years ago identifying also further changes that need to be made.

    Most importantly, the survey results also demonstrate that users are aware of the changes that the reform will bring and its benefits in the financial reporting situation in Albania.

    Downloads

    Full Report - Preparers Survey

    download

    Brochure Prepares Survey

    download