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Published Audit Report of the Annual Consolidated Financial Statement of the Civic Movement URA for 2018

Podgorica, 18th December 2019 - The State audit institution has conducted financial audit of the Annual financial statement and regularity audit of the Civic Movement URA for 2018.

Based on the conducted audit, determined facts and Statement of the audited entity on the Preliminary Report of SAI, the competent Board comprised of a member of the Senate Nikola Kovačević, Head of the Auditing Board and president of the Senate Milan Dabović, PhD, member of the Auditing Board expresses unqualified opinion with emphasis of matter on stated in the Audit report under item 8.9 – Petty cash operation and 9.2 – Expenses and adverse opinion on regularity audit.

Regularity audit has found that the audited entity has not complied all financial and other activities in all material aspects with laws and other regulations that have been identified as criteria for the given audit. Non-compliance refers to inconsistent application of the Law on financing political parties and election campaign (article 12, 13, 18 and 18a), Law on prevention of illegal business (article 6), Rulebook on the form, content, manner of filling of a unified form of reports on calculated and paid tax on personal income and contributions for compulsory social insurance.

By auditing the Annual financial statement of the Civic Movement URA for 2018, the SAI has followed up implementation of recommendations given in the Audit report of the Annual financial statement for 2017. The audit of the Annual consolidated financial statement of the audited entity for 2018 has found that the audited entity implemented four out of nine recommendations, not implemented four recommendations, while the implementation of one recommendation could not be determined, because the Party did not conclude the volunteer agreements in 2018.

The final Audit Report of the Annual Consolidated Financial Statement of the Civic Movement URA for 2018 along with the Statement of the audited entity on the Preliminary audit report of the SAI and responses of the competent Auditing board to the Statement have been published at the official web site of the SAI.