engleski

The demand for audit services from non-government organizationas: evidence from the Kosovo

This paper aims to identify the factors that determine the demand for audit services from NGO-s in Kosovo. From a theoretical point of view, the main purpose of auditing of financial reports is to provide an opinion on the accuracy, reliability and whether the financial position and performance of the organization materially represent a true and fair view of the organization, so that this opinion is available for interested parties. From this view, the audit can be treated as an added value of the organization that goes through the audit process and makes the audited financial reports available to the interested parties. Although, in most countries, including Kosovo, the audit is mandatory and regulated by law, voluntary audits should be the requirement of each organization, so that the audited financial statements increase transparency and credibility of stakeholders for this information and so would indirectly increase the value of the organization. Therefore, the main purpose in this paper is to measure the factors that affect the demand and supply of audit services for NGOs in Kosovo. In our study, we have chosen the NGO sector in Kosovo, because they are among the first organizations that have gone through the audit process in Kosovo. The authors investigated this topic, but did not find any research that covered this issue. The study, is based on data collection through a questionnaire, designed to collect relevant data about the qualitative assessment of the impact of the factors known as ; legal obligation, obligation to donors and voluntary choice to audit the financial statements of NGOs. From the results of the analysis, related to the importance of the variables of the model, it resulted that the legal obligation and the obligation from the donors prevail over voluntary choice to audit the financial reports of NGOs in Kosovo.

NGO, External Audit, Financial Reports, Kosovo

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