Audited financial statements increase the certainty and efficiency of decisions made by organizations

Abstract The quality and accuracy of financial information is very important in making the right decisions by the parties that use this information during their activities. To conduct an audit, the information must be in a verifiable form and have certain standards / criteria by which the auditor can evaluate the information. Managers of various levels within the organization, shareholders, investors, creditors, government, are all interested in the quality and accuracy of the information contained in the financial statements. In the exercise of their activities, financial auditors in Albania face problems that affect the quality of the services they provide, especially problems related to the environment where they operate and professional ethics, as the economic environment presents problems that create difficulties in practicing the profession according to standards and professional ethics. Also, an important challenge is educating business leaders on the long-term benefits of accurate financial reporting that leads to increased business value, as well as raising their awareness of the importance of establishing efficient internal control systems over financial reporting