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Parliamentary Discussion on the Audit Report on the Proposal Law on Final Statement of Accounts of the State Budget of Montenegro for 2015 and Annual Report of SAI

Podgorica, 27th December 2016 – The Parliament of Montenegro, at its fourth sitting of the second ordinary session has reviewed the Audit Report on the Proposal Law on Final Statement of Accounts of the State Budget of Montenegro for 2015 and Annual Report on performed audits and activities of the State Audit Institution for period October 2015 ‐ October 2016.

President of Senate, PhD Milan Dabović and member of Senate, PhD Branislav Radulović have participated at the fourth sitting of the second ordinary session of the Parliament of Montenegro.

President of Senate, PhD Milan Dabović has informed members of the Parliament of Montenegro with the results of the SAI’s work for the reporting period, number of completed audits, given audit recommendations and opinions, as well as other conducted activities.

For the reporting period, the State audit institution completed 32 audits as follows: audit of the Proposal Law on Final Statement of Accounts of the State Budget of Montenegro for 2015; 12 financial audits and regularity audits; three performance audits; 3 follow-up audits and 13 audits of annual financial statements of the political parties. In line with Article 26 of the Law on budget and fiscal responsibility, the SAI prepared Report on assessment of application of the fiscal responsibility criteria for 2015 based on the methodology compliant with SIGMA experts. Annual Audit Report of the SAI includes the SAI’s Report on the Implementation of Conclusions passed by the Parliament of Montenegro upon Adoption of the Law on Final Statement of Accounts of the State Budget of Montenegro for 2014.

Apart from aforementioned audits, the SAI performed audit of the Final Statement of Budget Accounts of the Capital of Podgorica for 2015; audit of the effects of the activities of the Council for Improvement of Business Environment, Structural and Regulatory Reform and 7 audits of the annual financial statements of the political parties.

In the reporting period, the State Audit Institution of Montenegro continued good cooperation with the Parliament, Government of Montenegro, NGOs and media.

The SAI continued to implement activities defined in the Negotiation Chapter 32 “Financial control”. It focused on further development of performance auditing by conducting a larger number of performance audits in relation to the previous reporting period as well as improvement and developing new methodologies.

As a member of the International organization of the supreme audit institutions and European organization of the supreme audit institutions, the State audit institution continued to develop cooperation at international and regional level.