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Published Audit Report of the Annual Consolidated Financial Statement of the Croatian Civic Initiative for 2016

Podgorica, 1st August 2017 – The State audit institution has performed financial audit of the Annual consolidated financial statement and regularity audit of the Croatian Civic Initiative for 2016.

Based on conducted audit, established facts and upon consideration of the audited entity’s opinion on the Preliminary audit report of the SAI, the competent Auditing Board consisted of member of Senate, Nikola Kovačević, head of Auditing Board and a member of Senate, Zoran Jelić, member of Auditing Board, has expressed unqualified opinion with emphasis of matter for financial audit and qualified opinion on compliance of the operations of the audited entity with the regulations.

Financial audit has determined that the Annual consolidated financial statement of the Croatian Civic Initiative for 2016 was, in all material aspects, prepared and presented in a fair and objective manner in accordance with the applicable financial reporting framework. In addition to unqualified audit opinion, the competent Auditing Board has emphasized the matter under item 10.1.3 Petty cash operations and item 10.1.4. Liabilities in the Final Report.

Regularity audit has determined that the audited entity did not harmonize all financial and other activities with the legal and other regulations identified as criteria for the given audit. Non-compliance refers to inconsistent implementation of the Law on financing political parties and election campaign, Law on obligations, Regulation on reimbursement of expenses to the employees in the public sector and Regulation on Form, Content, Manner of Filling and Submission of the Unified Report Form on Accrued and Paid Personal Income Tax and Contributions for Social Insurance.

Through the audit of the annual consolidated financial statement for 2016, the SAI has checked level of implementation of the recommendations given in the audit of the annual financial statement of the Croatian Civic Initiative for 2015. The audit has determined that the audited entity did not implement four recommendations given in the Report of the SAI for 2015, while it implemented one recommendation in 2017, related to adoption of internal procedure for ensuring adequate validity of incoming and outgoing acts.

The final Audit Report of the Annual Consolidated Financial Statement of the Croatian Civic Initiative for 2016 has been published at the official website of the State audit institution.

Audit Report of the Annual Consolidated Financial Statement of the Croatian Civic Initiative for 2016 (mne)