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Performed Audit on Annual Financial Statement of the State Audit Institution of Montenegro for 2015

Podgorica, 3rd June 2016 – Under the request of the State Audit Institution of Montenegro, the State Audit Office of Republic of Croatia has performed the financial audit on Annual Financial Statement of the State Audit Institution of Montenegro for 2015.

The audit has been performed in compliance with the procedures prescribed in the Article 12 of the Law on State audit office of Republic of Croatia, framework of auditing standards of the International organization of supreme audit institutions and Professional Code of ethics for state auditors.

The objective of financial audit is to provide a reasonable assurance whether the financial statements were prepared in compliance with the accounting regulations and standards and whether the operations of the Institution were in line with the laws and regulations.

According to the opinion of the State audit office of Republic of Croatia, and in compliance with the accepted financial reporting framework, the financial statements of the Institution for 2015, in all material aspects were prepared and presented in a fair and objective manner and based on the established facts, the State audit office has expressed an unqualified opinion on the audit of the Annual financial statement of the State audit institution of Montenegro for 2015. The given audit has not found any irregularities and deviations related to compliance of the operations with the laws and other regulations which would result in expressing different audit opinion.

The State audit institution of Montenegro, as a member of INTOSAI and EUROSAI is obliged to follow the framework of auditing standards of supreme audit institution and in line with INTOSAI principles of transparency and accountability to contribute to increased public confidence in its professionalism and independence.

The final report on the audit on Annual Financial Statement of the State Audit Institution of Montenegro for 2015 has been officially published at the web site of the State audit institution.

Performed Audit on Annual Financial Statement of the State Audit Institution of Montenegro for 2015 (mne)