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Published Audit Report on Annual Financial Statement of Health Insurance Fund of Montenegro for 2014

Podgorica, 31st March 2016 – The State audit institution of Montenegro has performed financial audit of the Annual financial statement of the Health insurance fund of Montenegro for 2014, as well as the audit of compliance of the activities and financial transactions with the laws and secondary legislation.

The financial audit covered the Report on Cash Flow, Consolidated report of spending unit, including the public institutions which generated its own revenues, Report on Arrears as of 31st December 2014.

The Auditing Board, composing of Mr. Milan Dabovic, PhD (president of Senate and Head of Auditing Board) and Mr. Nikola Kovacevic (member of Senate and member of Auditing Board) has expressed unqualified opinion on financial audit with emphasis of matter and qualified opinion on regularity audit of the Annual Financial Statement of Health Insurance Fund of Montenegro for 2014.

Financial audit of the Annual Financial Statement of Health Insurance Fund of Montenegro for 2014 established that the reports of the Fund for 2014 were, in all material aspects prepared in compliance with prescribed framework on financial reporting and they do not contain materially significant errors.

The regularity audit established that the business activities are, in some material significant aspects, not in compliance with the laws and secondary legislations that govern budget operation in Montenegro.

The Final Audit Report on Annual Financial Statement of Health Insurance Fund of Montenegro for 2014 has been officially published at the web site of the State audit institution of Montenegro.

Excerpt from the Audit Report on Annual Financial Statements of Health Insurance Fund of Montenegro for 2014

Audit Report on Annual Financial Statements of Health Insurance Fund of Montenegro for 2014 (mne)