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Published Audit Report of the Annual Financial Statement of the Group of Citizens “Novska lista” for 2016

Podgorica, 30th December 2017 – The State audit institution has carried out financial audit of the Annual financial statement and regularity audit of the Group of Citizens “Novska lista” 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 president of the Senate, Milan Dabović, PhD, a member of the Auditing Board, has expressed qualified opinion on Annual Financial Statement and qualified opinion on regularity audit.

The audit of the Annual Financial Statement of the Group of Citizens “Novska lista” for 2016 has found that there are materially significant irregularities in relation to determined level of materiality, but such irregularities are not pervasive for the financial statements.

The regularity audit has found that the audited entity did not harmonize all the financial and other actions with laws and other regulations identified as the criteria for the given audit, because it did not ensure accounting records according to Article 37 of the Law on financing political parties and election campaign and did not justify a part of the expenses by adequate documentation according to the Law on accountancy.

The irregularities were identified in the audit of the Annual Consolidated Financial Statement of the Group of Citizens “Novska lista” for 2015 and the SAI gave three recommendations for elimination of the identified irregularities.  The audit of the Annual Financial Statement of the Group of Citizens “Novska lista” for 2016 has found that out of three recommendations, the audited entity implemented one and did not implement one recommendation. The implementation of the recommendation related to the obligation of opening a special giro-account for the election campaign could not be determined because the audited entity participated as a coalition in the local elections.

The final Audit Report of the Annual Financial Statement of the Group of Citizens “Novska lista” for 2016 has been published at the official web site of the State audit institution of Montenegro.

Audit Report on Annual Financial Statement of the Citizens' Association „List of Novi“ for 2016 (mne)