The article discusses how financial and fiscal reporting practices impact financial statements, focusing on the case of Vlora. The researchers used both surveys and interviews with financial experts to gather data. They found that changes in the fiscal system often do not align with accounting rules, leading to dual models of reporting. To attract global investors, it is necessary to implement International Accounting Standards and harmonize reporting practices. The goal is to create a common accounting language for companies worldwide to facilitate communication and integration into the global capital market.