Institution Visited by Members of the Subcommittee for Reviewing Audit Reports of the State Audit Institution

11 March 2015.
Institution Visited by Members of the Subcommittee for Reviewing Audit Reports of the State Audit Institution

Yesterday, members of the newly-established Subcommittee for Reviewing Audit Reports of the State Audit Institution visited the State Audit Institutions for the first time, and arranged a closer cooperation for the purpose of more efficient supervision over spending of the public funds. At the meeting, attended by the Council Members, Supreme State Auditors and Members of the Subcommittee, it was agreed that the Institution and the Subcommittee jointly establish a system for monitoring activities implemented pursuant to recommendations of the State Audit Institution and National Assembly, in order to improve financial and accountability system in the Republic of Serbia. It was also agreed that the State Audit institution would organize a workshop for the Members of the Subcommittee on "reading audit reports".

Mr. Radoslav Sretenovic, President of the State Audit Institution, emphasized that the efficiency of the work, performed by the Institution, is also dependent upon the support of the National Assembly.

"State Audit institution is ready to assist both, the Committee for Finance, Republic Budget and Control of Public Funds' Spending and the newly-established Subcommittee, in understanding the significance of the audit findings and in finding appropriate corrective mechanisms, without compromising its independence", Mr. Sretenovic said.

Mr. Vladimir Marinkovic, Chairman of the Subcommittee for Reviewing Audit Reports of the State Audit Institution, highlighted that the recommendations issued by the State Audit institution to the audited entities were taken seriously. He added the work of the State Audit Institution was significant for the system, rule of law and bearing in mind the position of the Institution itself.

"It is necessary that the Institution focuses on the most significant problems in the country, and the Subcommittee for Reviewing Audit Reports of the State Audit Institution will be your partner in future", Mr. Marinkovic said.

Supreme State Auditors presented to the Members of the Subcommittee systemic weakness, detected in audit reports, so that the Members of the Subcommittee would review them in the coming period, and undertake appropriate actions.

Members of the Subcommittee visited some of the premises of the State Audit Institution, and acquainted themselves with the working conditions of auditors.