THE IMPACT OF AUDITING ON THE EFFICIENT MANAGEMENT OF PUBLIC ASSETS
Ramadan GASHI, Alma KASTRATI, Ana KAPAJ
Abstract
Auditing is an important process that improves the governance and management of public assets, in the interest of budget organizations and citizens, and through quality audits, strengthens accountability in public administration for the effective, efficient and economic use of assets. Assets constitute a very sensitive category, where inefficient management can lead the organization to significant financial and operational losses. In this sense, auditing helps identify weaknesses, strengthen internal control and increase accountability in the administration of public assets.
The research assesses the impact of auditing on efficient and effective financial management, with a particular focus on public asset management. By assessing the level of implementation of recommendations in asset management, identifying key challenges in improving asset management and analyzing the impact of auditing on increasing accountability and transparency in asset management. The research is based on an analytical and comparative approach, considering legal requirements, international auditing standards, annual financial reports and progress reports on the implementation of recommendations. Comparative analysis methods will be used over the years to understand how audits have influenced efficient and effective asset management.
The research has highlighted the direct impact of auditing on improving internal control mechanisms and strengthening accountability that have contributed to better management of public assets, considering the level of implementation of recommendations, which is a strong indicator of efficient and effective financial management.
Pages: 98 - 104