Members

Members' Rights and Obligations

Members of the Institute of Authorised Chartered Auditors (IEKA) exercise their rights and meet their obligations in accordance with the statutory audit legislation in force, IEKA's Statute and the Institute's internal acts.

Observing these rights and obligations contributes to practising the profession to the highest standards of quality, ethics and public interest.

Rights

IEKA members are entitled, among other things, to:

01practise as statutory auditors in accordance with the legislation in force and after entry in the Public Register;

02take part in the General Assembly and exercise their right to vote, in accordance with the Statute;

03elect and stand for election to the Institute's governing bodies, under the conditions set in the Statute;

04benefit from the professional development programmes, activities and services offered by IEKA;

05be informed about the Institute's activity, decisions and institutional developments;

06submit requests, complaints or proposals to IEKA's competent bodies.

Obligations

IEKA members are required to:

01comply with the legislation in force, the Statute and the Institute's internal acts;

02apply the professional standards and the International Code of Ethics;

03meet the continuing professional development (CPD) requirements;

04complete the annual registration and keep their details in the Public Register up to date;

05cooperate with quality control and professional oversight processes;

06pay the quotas and fees approved by IEKA's competent bodies;

07uphold the integrity, independence and reputation of the profession in carrying out their work.

Note

The list above sets out members' main rights and obligations. They are governed in full by the Statutory Audit Law, IEKA's Statute and the Institute's other internal acts.

Financial Obligations

In accordance with IEKA's Statute and the decisions of the General Assembly of Members, every member of the Institute must meet the financial obligations attached to their membership status.

Practising statutory auditors

Fixed quota60,000LEK

Payment deadline: 28 February each year

Variable quota — calculated on the fees invoiced for professional engagements

0.5%Up to ALL 8,000,000

0.3%Over ALL 8,000,000

Payment deadline: 20 January each year

Non-practising statutory auditors

Annual fixed quota8,000LEK

Payment deadline: 28 February each year

In addition to the quota, they must meet the Continuing Professional Development (CPD) requirements under the legislation and regulations in force. Before registration or re-registration in the Public Register, non-practising statutory auditors must have met the CPD requirements. Where they have not followed the mandatory CPD programme, they must sit a knowledge test for the outstanding sessions, under the regulations in force.

Late payment

For each month of delay in paying membership quotas, late-payment interest of 1% per month applies to the unpaid amount, in accordance with IEKA's Statute.

IEKA bank accounts

Banka Kombëtare Tregtare (BKT)

IBANAL30 2051 1021 0346 61CL OTCL ALLA

Intesa Sanpaolo Bank Albania

IBANAL11 2081 1008 0000 0010 0813 1801

Raiffeisen Bank Albania

IBANAL89 2021 1013 0000 0001 0000 3298

Note

The payment order should state the member's name and surname, the registration number (where applicable) and the purpose of the payment (e.g. Fixed quota 2026, Variable quota 2026, Re-registration).