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Published Audit report of the Annual Consolidated Financial Statement of the Party of Pensioners, Persons with Disability and Social Justice for 2016

Podgorica, 30th October 2017 – The State audit institution of Montenegro has conducted a financial audit and regularity audit of the Annual Consolidated Financial Statement of the Party of Pensioners, Persons with Disability and Social Justice for 2016.

Based on conducted audit, established facts and statement of the audit entity on the Preliminary audit report, the competent Auditing Board, consisting of a member of Senate, Mr. Nikola Kovačević, head of the Auditing Board and a member of Senate, Mr. Zoran Jelić, member of the Auditing Board, has expressed unqualified opinion on the Annual consolidated financial statement of the Party of Pensioners, Persons with Disability and Social Justice for 2016 and qualified opinion on regularity audit.

The financial audit has found that the Annual Consolidated Financial Statement of the Party of Pensioners, Persons with Disability and Social Justice for 2016 was prepared and presented in a fair and objective manner in line with the applicable financial reporting framework.

The regularity audit has found that the audited entity did no harmonize all financial and other activities, in all material aspects with the legal and other regulations identified as criteria for the given audit. The non-compliance refers to inconsistent implementation of the Law on financing political entities and election campaign (Article 38), Law on obligations, Law on accountancy and Law on personal income tax.

The competent Auditing Board recommends to the audit entity to justify all costs with the complete and adequate documentation in accordance with Article 19 of the Law on accountancy; adopt the Financial plan and Work Programme till the end of the current year for the following year; submit the Report on calculated and paid taxes and contributions to the Tax administration within the prescribed deadline; conclude the contracts in accordance with the Law on obligations; decrease the cash payments and execute payments through giro account.

The final Audit report of the Annual Consolidated Financial Statement of the Party of Pensioners, Persons with Disability and Social Justice for 2016 has been published at the official web site of the State audit institution of Montenegro.

Audit Report of the Annual Consolidated Financial Statement of the Party of Pensioners, Persons with Disability and Social Justice of Montenegro for 2016 (mne)