Banner

Published Audit Report on Annual Financial Statement of Democratic Union of Albanians for 2015

Podgorica, 28th November 2016 - The State audit institution of Montenegro has performed a financial audit of the Annual Financial Statement and regularity audit of the Democratic Union of Albanians 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 unqualified opinion on Annual Financial Statement and qualified opinion on regularity audit of the operations of the Democratic Union of Albanians for 2015.

Financial audit has found that the Annual Financial Statement of the Democratic Union of Albanians for 2015 was in all material aspects compiled and presented fairly and objectively in accordance with the current financial reporting framework.

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 financing political parties and election campaign (Article 38), Law on accountancy and audit (Article 4), Law on personal income tax (Article 46) and Law on labour.

The audit of the Annual Financial Statement of Democratic Union of Albanians for 2014 had found certain irregularities and given recommendations for eliminating the same ones. The audit of the Annual Financial Statement for 2015 has found that the audited entity implemented three recommendations, while other three recommendations were not implemented.

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

Audit Report on Annual Financial Statement of Democratic Union of Albanians for 2015 (mne)