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Published Audit Report on Donation Funds of the Kingdom of Denmark “Organic Agriculture Development Programme – OADP” for the period from January 1st 2012 until May 31st 2013

Podgorica, 26th July 2013 - Based on Annual audit plan for 2013 and letter of the Office of the Denmark Government in Montenegro, the State audit institution has performed an audit of donation funds of the Kingdom of Denmark “Organic Agriculture Development Programme – OADP” for the period from January 1st 2012 until May 31st 2013.

The subject to audit includes financial transactions of funds received from the Danish Government and transactions of the State Treasury of Montenegro, in accordance with the Organic Agriculture Development Programme and the Manual for Grant Scheme from December 2009. The scope of audit covers all expenditures / payments executed from the funds of the grant in the year of 2012 and 2013.

The aim of the audit is to express an independent opinion on whether the financial state is accurate and objective and whether the activities were performed in accordance with the programme documentation and the Grant Manual.

The Institution has performed regularity audit (compliance audit) of payments executed for the time period from January 1st 2012 until May 31st 2013 from the special open bank account for donation funds as well as from the account of the State Treasury in Montenegro.

Based on determined factual state and deliberation on the opinion of the Ministry of agriculture and rural development on the preliminary audit report of the SAI, the competent Collegium of the Institution has given the qualified opinion.

The final Audit Report on Donation Funds of the Kingdom of Denmark “Organic Agriculture Development Programme – OADP” for the period from January 1st 2012 until May 31st 2013 has been officially published at web site of the State audit institution of Montenegro.

Audit Report on Donation Funds of the Kingdom of Denmark “Organic Agriculture Development Programme – OADP” for the period from January 1st 2012 until May 31st 2013