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Published Audit report on the Annual financial statement of the PI Exam center for 2019

Podgorica, 27th October 2020 – The State audit institution has performed a financial and regularity audit of the Public Institute Exam center for 2019.

Based on the conducted audit, determined factual state and opinion of the audited entity, the competent Auditing Board comprised of PhD Branislav Radulović (member of Senate – head of the Auditing Board) and Mr. Zoran Jelić (member of Senate – member of the Auditing Board), has expressed unqualified opinion on the Annual financial statement of the Public institute of the Exam center for 2019 with emphasis of matter and qualified opinion on compliance of the business operations with the regulations.

By the financial audit of the Annual financial statement of the PI Exam center for 2019, the competent Auditing Board has gained reasonable assurance that the financial statement gives a true and objective view of the recorded revenues and expenditures in accordance with the accepted financial reporting framework for the public sector.

The regularity audit of the Public Institute Exam center has identified non-compliance of its operations with the Law on public procurement, Law on management and internal controls in the public sector and Law on labor.

The Final Audit report on the Annual financial statement of the PI Exam center for 2019 has been published at the official web site of the State audit institution.