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Following up implementation of the recommendations given in the Audit report of the Annual financial statement of the LLC Water Supply and Sewerage of Podgorica for 2017

Podgorica, 29th December 2020 – The State audit institution has performed monitoring of the implementation of the recommendations given in the Audit report of the Annual financial statement of the LLC Water Supply and Sewerage of Podgorica for 2017.

In the Audit report of the Annual financial statement of the LLC Water Supply and Sewerage of Podgorica for 2017, the SAI gave 12 recommendations to the Company.

LLC Water Supply and Sewerage of Podgorica submitted the Plan of the activities for implementation of the given recommendation within the prescribed deadline and it also submitted the Report on implementation of the recommendations given in the Final audit report for 2017 on 3rd October 2019. Since some of the recommendations from the Audit report were in on-going implementation phase, the State audit institution asked the Company to submit the updated Report and it submitted it on 29th October 2020.

By monitoring and checking the accuracy of the statements given in the submitted Report of the Company, the SAI has determined that the LLC Water Supply and Sewerage of Podgorica implemented six out of twelve recommendations, not implemented two recommendations, partially implemented three, while one recommendation is on-going.

The short overview of the implementation of the recommendations given in the Audit report of the Annual financial statement of the LLC Water Supply and Sewerage of Podgorica for 2017 has benn published at the web site.