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Published Audit Report on Annual Financial Statement of the New Democratic Force (Forca) for 2017

Podgorica, 5th November 2018 - The State Audit Institution has conducted a financial audit of the Annual Financial Statement and a regularity audit of the New Democratic Force (Forca) for 2017.

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 unqualified opinion with emphasis of matter on compliance audit.

Financial Audit has found that the Annual Financial Statement of the New Democratic Force (Forca) for 20167 was in all material aspects compiled and presented fairly and objectively in accordance with the applicable financial reporting framework and in accordance with this, the competent audit board expresses an unqualified opinion with emphasis of matter to the fact that the audit entity shows all the outstanding obligations from the previous year in the business books as a starting point in the next financial year.

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.

Auditing the Annual Financial Statement of the New Democratic Force (Forca) for 2017, the SAI conducted control on implementation of recommendations given in the Annual Financial Statement of the New Democratic Force (Forca) for 2016. The audit entity implemented all recommendations given in the previous audit report.

The final Audit Report on Annual Financial Statement of the New Democratic Force (Forca) for 2017 has been published at the official web site of the State audit institution of Montenegro.

Audit Report on Annual Consolidated Financial Statement of the New Democratic Power (FORCA) for 2017 (mne)