期刊名称：International Journal of Economic Practices and Theories
印刷版ISSN：2247-7225
出版年度：2015
卷号：5
期号：1
页码：1-9
语种：English
出版社：International Journal of Economic Practices and Theories
其他摘要：The main purpose of this paper is to analyze the progress and readiness of Kosovo municipalities to address the recommendations of the Auditor General to enhance the quality of financial reporting. Management of public funds is one of the main criticisms faced by Kosovo institutions since their formation in 2001. Great importance in this respect plays the Office of the Auditor General (OAG) which serves as supervisor and controller of how public funds are spent by public institutions. Knowing that managing public funds is a very sensitive process dealing with taxpayers' funds, public institutions are required to adhere to principles derived from the Constitution and laws of the Republic of Kosovo, such as the principle of accountability, transparency, and efficiency in the management of public finances for every use of public funds. In addition, this paper examines the compliance by municipalities of Kosovo with International Accounting Standards applied in the Public Sector (IPSAS) for cash basis financial reporting and local laws and regulations in preparing financial reports. This paper was conducted based on municipal financial reports of 2011-2012 and interviews held with the responsible persons for these reports. As a result, main challenges of local government remain the deficiencies in almost all elements of financial reports and stagnation in addressing the recommendations of the OAG. Thus, municipalities are not in compliance with the principles of the Constitution and the laws for accountability, transparency and efficiency in the way public funds are spent. Based on the results, the final section of this paper presents conclusions and recommendations.
关键词：Audit report; Financial reports; IPSAS; Public Institutions.
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