Acta Universitatis Danubius. Juridica, Vol 13, No 3 (2017)

Abstract

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 of 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 1800 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.