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Parliamentary Discussion on the Audit Report on the Proposal Law on Final Statement of Accounts of the State Budget of Montenegro for 2016 and Annual Report of SAI

Podgorica, 23rd November 2017 - The Parliament of Montenegro, at its sixth sitting of the second ordinary session has reviewed the Audit Report on the Proposal Law on Final Statement of Accounts of the State Budget of Montenegro for 2016 and Annual Report on performed audits and activities of the State Audit Institution for period October 2016 ‐ October 2017.

President of Senate, PhD Milan Dabović and member of Senate, Nikola N. Kovačević have participated at the sixth sitting of the second ordinary session of the Parliament of Montenegro.

 

President of Senate, PhD Milan Dabović has informed members of the Parliament of Montenegro with the results of the SAI’s work for the reporting period, number of completed audits, given audit recommendations and opinions, as well as other conducted activities.

For the reporting period, the State audit institution has completed and published 42 audit reports as follows: audit report of the Final Statement of Accounts of the State Budget of Montenegro for 2016; 14 individual reports on financial audits and regularity audits; 4 performance audit reports; 1 IT audit report; 13 audit reports on consolidated annual financial statements of the political parties for 2016; and 9 audit reports on consolidated annual financial statements of the political parties for 2015. In line with the Article 26 of the Law on budget and fiscal responsibility, the State audit institution has prepared the Report on Assessment of Application of Fiscal Responsibility Criteria for 2016.

In addition to this, the Annual report also contains an overview of the implementation of the Parliament's conclusions regarding the adoption of the Law on Final Statement of Accounts of the Budget of Montenegro for 2015.

In the reporting period, the State Audit Institution of Montenegro has continued good cooperation with the Parliament, Government of Montenegro, NGOs and media.

The SAI has continued to implement activities defined in the Negotiation Chapter 32 “Financial control”, which aim to adoption and implementation of the relevant international standards of supreme audit institutions and the best practices of the EU in area of external auditing.

As a member of the International organization of the supreme audit institutions and European organization of the supreme audit institutions, the State audit institution has continued to develop cooperation at international and regional level.