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Published Audit Report on Annual Financial Statement of the Democratic Union of Albanians for 2017

Podgorica, 5th December 2018 - The State Audit Institution has conducted a financial audit of the Annual Financial Statement and a regularity audit of the Annual Financial Statement of the Democratic Union of Albanians for 2017.

Based on the conducted audit, determined facts and the statement of the audited entity to the Preliminary Statement of the SAI, the competent Auditing Board comprised of a member of the Senate Nikola Kovačević, Head of the Auditing Board and member of the Senate, Radule Zuric, a member of the Auditing Board, has given qualified opinion on the Annual financial statement for 2017 and adverse opinion for regularity audit.

The financial audit has determined that the Annual financial statement of the Democratic Union of Albanians for 2017 has been prepared in line with the applicable financial reporting framework apart from the stated in the Report under the item 10.2.2. – Costs (documenting).

The regularity audit has determined that the audited entity did not harmonize all financial and other activities in all material aspects with the legal and other regulations identified as criteria for the given audit. The non-compliance cases relate to improper implementation of the Law on labor, Law on employment and exercising rights arising from insurance against unemployment, Law on accounting, Law on personal income tax, Law on contributions for compulsory social insurance, Rulebook on form, content, manner of filling and submitting the unified Statements on calculated and paid personal income taxes and contributions for compulsory social insurance.

Due to larger number of identified irregularities and shortcomings in the work of the audited entity, the competent Auditing Board has agreed that the Audit report should be submitted to the Parliamentary Committee on economy, finance and budget and Committee for political system, legislature and administration.

The final Audit Report on Annual Consolidated Financial Statement of Democratic Union of Albanians for 2017 has been published at the official web site of the State audit institution of Montenegro.

Audit Report of the Annual Consolidated Financial Report of Democratic Union of Albanians for 2017 (mne)