Banner

Published Audit Report of the Annual Financial Statement of Demos for 2015

Podgorica, 19th October 2016 - The State audit institution has performed a financial audit of the Annual Financial Statement and regularity audit of the Demos for 2015.

Based on the conducted audit, determined facts and the statement of the audited entity to the Preliminary Statement of the SAI, the competent Auditing Board comprised of a member of the Senate Nikola Kovačević, Head of the Auditing Board and president of the Senate, Milan Dabović, PhD, a member of the Auditing Board, has expressed an unqualified audit opinion on the Annual Financial Statement and qualified audit opinion on regularity audit.

Financial Audit has found that the Annual Financial Statement of Demos for 2015, in all material aspects, had been prepared and presented fairly and objectively in accordance with the applicable financial reporting framework.

Regularity audit has found that the audited entity had not harmonized all the financial and other actions in all material aspects with the legal and other regulations that had been identified as criteria for the given audit. Non-compliances refer to improver implementation of the Law on financing political parties and election campaign (Article 6 and 37) and Law on personal income tax.

Final Audit Report of the Annual Financial Statement of Demos for 2015 has been officially published at the web site of the State audit institution of Montenegro.

Excerpt from the Audit Report on Annual Financial Statement of the Demos for 2015

Audit Report on Annual Financial Statement of the Demos for 2015 (mne)