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Published Audit report on Annual financial statement and regularity audit of the Center for social labour in Niksic and Pljevlja for 2018

Podgorica, 4th June 2019 – The State audit institution has conducted a financial audit of the Annual financial statements and regularity audit of the operations of the Center for social labour in Niksic and Pljevlja for 2018.

Based on the conducted audit, established facts and opinion of the audited entities on the Preliminary audit report, the competent Auditing board composed of a member of Senate, Nikola  N. Kovačević – head of the Auditing Board and member of Senate Radule Žurić  - member of Auditing Board has expressed unqualified opinion on the Annual financial statement and compliance of the operations of the Center for social labour in Nikšić as well adverse opinion on the Annual financial statement and qualified opinion on compliance of the operations of the Center for social labour in Pljevlja.

By auditing the Annual financial statement of the Center for social labour in Nikšić for 2018, it has been determined that it is, in all material aspects prepared and presented in a fair and objective manner in accordance with the generally accepted financial reporting framework. The regularity audit of the operations of the Center for social labour in Nikšić has determined that the financial transactions and other activities of the Center are in all material aspects harmonized with the laws and other regulations identified as criteria for the given audit.

The audit of the Annual financial statement of the Center for social labour in Pljevlja for 2018 has determined that it is not, in all material aspects prepared and presented in a fair and objective manner in accordance with the generally accepted financial reporting framework. The audit has found that the Center did not state in the Annual financial statement and its business books the revenues in the amount of 74.807,12€ from donation of UNDP, expenditures in the amount of 69.540,35€ for realization of the Project „Home care for older people“ financed by donation funds, as well as deposits at the account opened for realization of this project in the amount of 5.595,45€, which implies the materially significant error in relation to the set materiality of 4.140,00€.

The regularity audit of the operations of the Center for social labour in Pljevlja has determined that financial transactions and other activities of the Center are not, in all material aspects harmonized with the laws and other regulations identified as criteria for the given audit. Non-compliances refer to improper implementation of the Law on state property, Law on public procurement, Law on public internal financial control system, Regulation on reimbursement of costs of the employees in the public sector, Rulebook on the manner of preparation and submission of the financial statements of the budget, state funds and local governments and Regulation on keeping records of the movable and immovable property in state ownership.

The final Audit report on Annual financial statement and regularity audit of the Center for social labour in Niksic and Pljevlja for 2018 has been published at the official web site of the State audit institution.