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Published Audit Report on Annual Financial Statement of Democratic Serb Party for 2015

Podgorica, 4th November 2016 - The State audit institution of Montenegro has performed a financial audit of the Annual Financial Statement and regularity audit of the Democratic Serb Party 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 a member of the Senate, Branislav Radulović, PhD, a member of the Auditing Board, has expressed unqualified opinion with emphasis of matter on financial audit and qualified opinion on regularity audit of the operations of the Democratic Serb Party for 2015.

Financial audit has found that the Annual Financial Statement of the Democratic Serb Party for 2015 was in all material aspects compiled and presented fairly and objectively in accordance with the current financial reporting framework. Apart from expressed unqualified audit opinion, the competent Auditing Board has emphasized the following matter in the Report (item 10.2.2. – Expenditures - telephone costs and Internet services).

The regularity audit has found that the audited entity did not comply all the financial and other actions with laws and other regulations identified as the criteria for the given audit. Shortcomings refer to inconsistent implementation of the Law on accountancy and audit (Article 4) and Law on financing political parties and election campaign (Article 38).

The final Audit Report on Annual Financial Statement of Democratic Serb Party for 2015 has been officially published at the web site of the SAI of Montenegro.

Excerpt from the Audit Report on Annual Financial Statement of the Democratic Serb Party for 2015

Audit Report on Annual Financial Statement of the Democratic Serb Party for 2015 (mne)