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Published Audit Report of the Annual Consolidated Financial Statement of the Workers' Party for 2016

Podgorica, 21st December 2017 - The State Audit Institution has conducted a financial audit of the Annual Financial Statement and a regularity audit of the Workers' Party for 2016.

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 member of the Senate, Branislav Radulović, PhD, a member of the Auditing Board, has given unqualified opinion on the Annual financial statement and unqualified opinion with emphasis of matter for regularity audit.

Financial Audit has found that the Annual Financial Statement of the Workers' Party for 2016 was in all material aspects compiled and presented fairly and objectively in accordance with the applicable financial reporting framework.

Regularity audit has found that the audited entity harmonized all the financial and other actions with the legal and other regulations that had been identified as criteria for the given audit.

Apart from expressed unqualified audit opinion, the competent Auditing Board recommends to the audited entity to: plan revenues and expenses in a real manner; to make adjustments to the Financial plan in the fiscal year in case of realization of revenues and expenses in less or larger amount than planned ones; ensure keeping the general ledger in such a way that it contains data from the current year and data on the opening balance from the previous year; decrease cash payments and exercise payments through giro-account.

The final Audit Report of the Annual Consolidated Financial Statement of the Workers' Party for 2016 has been published at the official web site of the State audit institution of Montenegro.

Audit Report of the Annual Consolidated Financial Report of the Workers' Party for 2016 (mne)