Banner

Published Audit report of the Annual financial statement of the Public Institute Official Gazette for 2019

Podgorica, 14th December 2020 – The State audit institution has performed financial audit of the Annual financial statement and regularity audit of the operations of the Public Institute Official Gazette for 2019.

Based on the conducted audit, established factual state and opinion of the audited entity, the competent Auditing board comprised of PhD Branislav Radulović (member of Senate – head of Auditing board) and PhD Milan Dabović (president of Senate – member of Auditing board), has expressed qualified opinion on the Annual financial statement of the Public Institute Official Gazette for 2019 and qualified opinion on compliance of the operations with the regulations.

The financial audit of the Annual financial statement and regularity audit of the operations of the Public Institute Official Gazette for 2019 has determined that the Institute did not prepare and submit the Statement of the cash flow IV and Statement on outstanding liabilities for 2019 in prescribed forms and to the competent authority; deposited funds in the total amount of 200,000.00€ with a due date of 7th March 2021 stated in the financial statement on the budget position Short-term financial investments and in the Income statement on the position Other business expenditures stated the expenses for taxes and contributions for salaries and contributions paid by the employer in the total amount of 41.628,50€, which is not in line with the Rulebook on the content and forms of the templates of the financial statements for companies and other legal entities.

The regularity audit of the operations of the Public Institute Official Gazette for 2019 has determined non-compliance of the operations with the Law on publishing regulations and other acts, Rulebook on the chart of accounts and the content of accounts for the companies and other legal entities, Law on state property, Law on salaries of the employees in the public sector and Law on management and internal controls in the public sector.

The Final Audit report of the Annual financial statement of the Public Institute Official Gazette for 2019 has been published at the official web site of the State audit institution of Montenegro.