| BDO, the world’s fifth largest accountancy network, is pleased to announce the admission of a new member firm in Albania, effective 18 February 2011.
BDO Albania was inaugurated in October 2010 and obtained its audit license on 15 February 2011. BDO Croatia is taking the lead in developing the firm in its initial stages and the new firm has been established with the cooperation of local firm PBM Ltd.
The new firm’s service offering will include auditing of private and public sector organisations, tax advisory, risk assessment and internal audit services, as well as IS audit and consulting and services to foreign investors.
Limos Malaj is the Managing partner of BDO Albania and feels that this is the right time for BDO to be establishing a presence in the country. “The new law on auditing, which came into force in 2009, has significantly remodelled the organisation of the accounting and auditing profession in our country. Among other changes, there is now a public oversight board overseeing the profession’s activities, and clearer requirements on matters such as continuing professional education, a code of ethics and transparency reports. We anticipate that our client strategy will be very much in alignment with that of other BDO firms – for example, a specialisation in financial services entities, infrastructure and public sector, energy, resources and telecommunication – and look forward to collaborating with BDO across the region and further afield”.
Martin van Roekel, BDO’s CEO Europe and Global Head of Network Development, agrees that there is huge potential for BDO both in Albania and in the region as a whole. “Financial recovery of the market and the region is slow but increasing steadily and we can expect a number of further government reforms that will improve the situation still further. As in Kosovo, this new firm in Albania is an important element of BDO’s strategic growth plans in this specific region and we foresee a close cooperation not only with BDO in Croatia and Kosovo, but also further afield, in Greece, Italy and further into Europe. We are grateful once again to BDO in Croatia for leading this initiative”.
Note to editors
Service provision within the international BDO network of independent member firms (‘the BDO network’) is coordinated by Brussels Worldwide Services BVBA, a limited liability company incorporated in Belgium with its statutory seat in Brussels.
Each of BDO International Limited (the governing entity of the BDO network), Brussels Worldwide Services BVBA and the member firms is a separate legal entity and has no liability for another such entity’s acts or omissions. Nothing in the arrangements or rules of the BDO network shall constitute or imply an agency relationship or a partnership between BDO International Limited, Brussels Worldwide Services BVBA and/or the member firms of the BDO network.
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The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was $5.28 billion in 2010. The global network provides advisory services in 119 countries, with almost 47,000 people working out of 1,082 offices worldwide.
Contacts
Julia Henniker
Brussels Worldwide Services BVBA
Tel (+32 2) 778 0130
bws@bwsbrussels.com
Guy Sadeh
BDO Croatia
Tel (+3851) 2395 741
guy.sadeh@bdo.hr
Limos Malaj
Managing Partner
BDO Albania
Tel (+355) 42 228 964
Fax (+355) 42 362 592
limos.malaj@bdo.al
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