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Published Audit Report on Annual Financial Statement of Democratic Party of Socialists for 2014

Podgorica, 28th July 2015 – The State audit institution has performed a financial audit of the Annual financial statement and regularity audit of the Democratic Party of Socialist related to compliance of its business operations with legal and other relevant regulations.

On a basis of conducted audit, established factual state as well as after deliberation of the auditees' Opinion regarding the Preliminary Report of the SAI, the relevant 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), has expressed unqualified opinion on Annual financial statement and unqualified opinion with an emphasis of matter on regularity audit.

The financial audit has established that Annual financial statement of the Democratic Party of Socialists for 2014 was, in all material aspects, prepared and presented on a fair and objective manner in line with approved financial reporting framework.

The regularity audit has established that audited entity harmonized financial and other activities, in all material aspects with legal and other regulations identified as criteria for a given audit except in a part of the Report, on basis of which the relevant Auditing Board has given unqualified opinion with an emphasis of matter: “Audited entity should conduct public announcement of vacant working posts during employment pursuant to Article 26 of Law on employment and rights to unemployment insurance”.

The Final Audit Report on Annual Financial Statement of the Democratic Party of Socialists for 2014 has been officially published at the web site of the State audit institution.

Excerpt from the Audit Report on Annual Financial Statement of Democratic Party of Socialists for 2014

Audit Report on Annual Financial Statement of Democratic Party of Socialists for 2014 (mne)