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

Podgorica, 22nd December 2017 - The State Audit Institution has conducted a financial audit of the Annual Financial Statement and a regularity audit of the Civic Initiative 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 with emphasis of matter on the Annual financial statement and qualified opinion on compliance of the operations of the audited entity with the regulations.

Financial Audit has found that the Annual Financial Statement of the Civic Initiative for 2016 was in all material aspects compiled and presented fairly and objectively in accordance with the applicable financial reporting framework.  In addition to unqualified audit opinion, the competent Auditing Board has emphasized the stated in the Report under item 1.1.2. Receivables and short-term financial investments.

Regularity audit has found that the audited entity did not harmonize all the financial and other actions with the legal and other regulations that had been identified as criteria for the given audit. Non-compliance refers to improper implementation of the Law on obligation relations, Law on personal income tax and Law on non-governmental organizations.

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

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