TIRANA, Dec 2 /ATA/ – Improving financial reporting in both the public and private sectors is key to the efforts to align with the best international practices in these fields.
The Deputy Finance and Economy Minister Vasilika Vjero attended a World Bank workshop on the PULSAR, REPARIS FOR SMEs and START-UP programmes, presenting the Albanian government reform to improve legal framework in both the public and private sectors, accounting and auditing standards, with the aim of increasing the quality of financial reporting, as well as improving the climate of doing business in Albania.
With the European Union accession negotiations underway, financial reporting becomes specifically important in the context of the review of Chapter 6 of the EU progress report. as well as the further alignment of the regulatory framework.
In this context, Deputy Finance Minister highlighted the measures the MFE plans to further align the accounting regulatory framework in the private sector with the EU Directive regarding Corporate Sustainability Reporting.
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