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Published Audit Report on Annual financial statement of the Democratic Party of Socialists of Montenegro for 2013

Podgorica, 9th September 2014 - State audit institution has performed in accordance with the Law on financing political parties, Audit report on Annual financial statement of the Democratic Party of Socialists of Montenegro for 2013.

The subject to audit is annual financial statement of the Democratic Party of Socialists of Montenegro for 2013. The objective to the audit of the annual financial report of the political party are: examination of accuracy and reliability of financial reports; application of the laws and other regulations related to the organization and financial accounting; regularity of acquiring revenues; regularity of the execution of expenditures; examination of the regular usage of financial resources for achieving goals determined by the program and statute of the political party as well as regularity of examination of other transactions.

Based on performed audit, determined factual state and deliberation on opinion of the audit entity on the preliminary audit report, the competent Collegium, consisting of Nikola Kovačević (member of Senate – manager of Collegium) and PhD Branislav Radulović (member of Senate – member of Collegium) has given unqualified opinion on the Annual financial statement.

The audit has shown that the annual financial statements of the Democratic Party of Socialists of Montenegro for 2013 are free of material misstatement or material irregularities and errors. Financial transactions are supported by appropriate documents based on which financial statements were prepared, and operations of the audited entity are in accordance with the legal regulations.

The competent Auditing Board draws attention to the observations related to recording of credit funds used for financing election campaign for election of the President of Montenegro.

The final Audit report on Annual financial statement of the Democratic Party of Socialists of Montenegro for 2013 has been officially published at the web site of the State audit institution of Montenegro.

Excerpt from the Audit Report on Annual Financial Statement of the Democratic Party of Socialists of Montenegro for 2013

Audit Report on Annual Financial Statement of the Democratic Party of Socialists of Montenegro for 2013 (mne)