Banner

Published Audit Report on Annual Financial Statement of the Center for Mediation for 2014

Podgorica, 27th May 2015 – The State audit institution performed financial audit of the Annual Financial Statement of the Center for Mediation for 2014 and regularity audit related to compliance of the business operation with legal and other relevant regulations.

The subject matter to audit is Annual financial statement of the Center for Mediation for 2014 and compliance of the business operation with legal and other regulations.

Based on conducted audit and established state of facts, as well as after deliberation of the auditees' Opinion regarding the Preliminary Report of the SAI, the Auditing Board, composing of Mr. Nikola Kovačević (member of Senate – Head of Auditing Board) and Mr. Branislav Radulović, PhD (member of Senate – member of Auditing Board), adopted a Final audit report.

Financial audit established that the Annual financial statement of the Center for Mediation for 2014 was in all material aspects prepared and presented in fair and objective manner in accordance with acceptable financial reporting framework. Therefore, the Auditing Board gave unqualified audit opinion on Annual financial statement.

Regularity audit established that the Center for mediation conducted other activities in line with the law and other regulations which were identified as criteria for a given audit. Therefore, the Auditing Board gave unqualified audit opinion on compliance of the business operation of the audited entity. The auditing team gave its opinion on: functioning of internal control system; keeping records; correct execution and management of state propriety.

For the purpose to eliminate irregularities in area of compliance of the business operation of the audited entity and the competent Ministry, the State audit institution gave following recommendations: audited entity should harmonize its Rulebook on internal organization and systematization of working posts with Law on public internal financial control system, in part of dividing responsibilities; audited entity should apply the Law on civil servants and state employees for the rights, duties and responsibilities of employees, and calculations of salaries should be executed in line with the Law on Salaries of Civil Servants and State Employees; Ministry of justice should propose to the Government two members of the Managing Board in line with article 11 of the Statute of the Center, whose nomination is not in conflict with article 9 of the Law on conflict of interests; Ministry of justice should perform surveillance over the work of the Center according to legal obligation.

The final Audit Report on Annual Financial Statement of the Center for Mediation for 2014 was officially published at the web site of the State audit institution of Montenegro.

Excerpt from the Audit Report on Annual Financial Statement of the Center for Mediation for 2014

Audit Report on Annual Financial Statement of the Center for Mediation for 2014 (mne)