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Published Audit Report on Annual Financial Statement of the New Democratic Force (Forca) for 2015

Podgorica, 2nd November 2016 - The State Audit Institution has conducted a financial audit of the Annual Financial Statements and a regularity audit of the New Democratic Force (Forca) 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 given unqualified opinion with emphasis of a matter on the Annual financial statement and unqualified opinion with emphasis of a matter on regularity audit.

Financial Audit has found that the Annual Financial Statement of the New Democratic Force (Forca) for 2015 was in all material aspects compiled and presented fairly and objectively in accordance with the applicable financial reporting framework.

Regularity audit has found that the audited entity harmonized all the financial and other actions in all materially important aspects with the legal and other regulations that had been identified as criteria for the given audit except for proper implementation of the Law on personal income tax, Rulebook on the form, content, manner of filling and submitting of the unique form of the statement on the calculated and paid personal income tax and benefits for compulsory social insurance (Article 5).

In the Audit of Annual Financial Statement for 2014, the SAI found irregularities and gave 5 recommendations to the audited entity. Auditing Annual financial statement for 2015, it has been determined that the Party implemented three recommendations, partially implemented one and did not implement one recommendation.

The final Audit Report on Annual Financial Statement of the New Democratic Force (Forca) for 2015 has been published at the official web site of the State audit institution of Montenegro.

Excerpt from the Audit Report on Annual Financial Statement of the New Democratic Power (FORCA) for 2015

Audit Report on Annual Financial Statement of the New Democratic Power (FORCA) for 2015 (mne)