This paper presents a theoretical discussion about the organization of the professions of accounting andauditing in Albania and the most recent changes that have encompassed the Albanian financial and accounting landscapeafter the implementation of new accounting standards, the increased...

Since 2007 the world is facing a financial crisis with serious impact on the global economy. The Albanian economy is small; however, it is a part of the global economy. The effects of the crisis on the economic sectors especially on the financial system of Albania are of interest to many. In...

In this paper we give an overview of the most important developments that the accounting profession has experienced ever since Albania switched from a closed economy to an open market one. We put forth a discussion about the factors that recently seem to represent major challenges for the...

Nowadays companies are shifting their attention towards flexibility, savings and efficiency in order to win or to survive in the market. Sound Accounting Information Systems (AIS) are considered to be a critical factor for success that enables companies to gain competitive advantages and to...

This paper applies the Multiple Discriminant Analysis technique to study the bankruptcy of the state-owned enterprises in Albania. The discriminant function derived by this technique had an overall accuracy rate by 94.6 percent when tested on the initial sample and 92.9 percent if tested using...