The EU Legal Audit Framework - The Case of Kosovo

• Author: Ramiz Lladrovci
• Position: PhD Candidate, Department of Financial Law, Faculty of Law, University of Prishtina, Kosovo
• Pages: 134-143

ACTA UNIVERSITATIS DANUBIUS Vol. 13, no. 3/2017

134

The EU Legal Audit Framework - The Case

of Kosovo

Ramiz LLADROVCI

1

Abstract: This paper will analyze the legal framework and the development of the audit according to

the acquis and the role of the general auditor in preserving public money in Kosovo. Like any other

country in Europe that claims EU membership, Kosovo should continue the process of harmonizing

its legislation with EU directives that require the so-called "hard" transposition of the acquis. One of

the major segments of EU membership is the development o f a system of internal financial control in

the public sector. This paper will address the issue of Audit in the development phases, which has

passed since 1 800 to date, modern times. It is evident the role of the general auditor in ensuring the

credibility of the financial system and in promoting the independence of the auditor, in the functional,

financial and operative aspect, which always consists of a dynamic and never static process. The

purpose of this paper is to review the regulations - EU directives through normative and comparative

methods, in particular the provisions that foresee protection of the public interest and ensure the

quality of the audit in the EU. Therefore, in this paper, the crucial audit role is concluded in the

qualified examining of financial accountability in managing public finances in general.

Keywords: History of auditing; audit objectives; auditing EU regulation

1. Introduction

Regardless of the different forms of regulatory state that have distinguished in

essence the mode of operation, it can be said that from the middle of the 1800 and

early 1900, the practice of auditing was considered to be a kind of “traditional

conformation of the role of audit” (Heang & Ali, 2008, pp. 1-3).

The word audit derives from Latin, which means to hear.

1

P hD Candidate, Department of Financial Law, Faculty of Law, University of Prishtina, Kosovo,

Address: Agim Ramadani Str.p.n. 10000, Pristina, Kosovo, Corresponding author:

rlladrovci@gmail.com.

AUDJ, vol. 13, no. 3/2017, pp. 134-143