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Member of Senate, Nikola Kovačević participated at the Round table “Control of financing political entities”

Podgorica, 10th November 2015 - Member of Senate, Nikola Kovačević had an opening speech at the Round table “TAIEX expert mission on control of financing political entities and election campaign”, which was organized by Directorate for Anti-corruption initiative”.

The representatives of some political parties, NGOs and TAIEX experts have participated at this round table.

Member of Senate has spoken about the work of the State audit institution in area of auditing annual financial statements of political parties and election campaigns.

 

During his speech, he has emphasized the activities which are necessary to be conducted with aim to improving financial operation of the political entities. Taking into account the irregularities identified in auditing annual financial statements of political parties, it is necessary that Ministry of finance prepares sub-legal acts which will define the manner of keeping business books of the political parties and determine the principles for expressing their receipts, expenditures, assets and liabilities, sources of funding and chart of accounts. In such a manner, this should ensure unification of  keeping accounting records and their comparison and it would make the work of the state auditors easier. He has also highlighted that it is necessary to adopt new templates for annual financial statements of political entities and to harmonize the Instruction on the Template for the Report on the Source, Amount and Breakdown of Funds Raised and Spent on Election Campaigns with the Law on Financing Political Parties related to own funds.

During this round table, the activities of the Directorate for Anti-corruption initiative have been presented which refer to preparation of sub-legal acts in area of controlling financing of political parties and election campaign. The experts have pointed out the positive trend of development of the SAI in area of performing audits of annual financial statements of political parties.