Workshop on Audit Opinions

13 April 2016.
Workshop on Audit Opinions

President of the State Audit Institution, Mr. Radoslav Sretenović opens today in Belgrade a two-day "Workshop on Audit Opinions", within the Network of the SAIs of Acceding Candidate and Potential Candidate Countries of EU, with the support of the Swedish National Audit Office (SNAO) and SIGMA, together with the Joint working Group on Audit Activities (JWGAA). Additional support to the Institution in organization of the Workshop was provided by the UNDP Project, financed by the SDC.


During a two-day workshop, opinions on audit practices will be exchanged by representatives of Supreme Audit Institutions from Serbia, Albania, Bosnia and Herzegovina, Montenegro, Macedonia, Turkey and Kosovo*.[1]


"Goal of this Workshop is to exchange knowledge and experiences on various aspects of forming a well founded opinion in reports on financial statement audit and compliance audit. Purpose of the Workshop is to compare current practices and exchange practical experiences of our institutions regarding forming audit opinions by means of presenting good practices examples", Mr. Sretenović said.


Mr. Sretenović emphasized that he believed the Network contributed to large progress in cooperation among these institutions and to audit improvement via peer learning and exchange of experiences, practices, methods and work procedures of our institutions.


Auditor-General highlighted that the auditors' goal was, having formed opinions on financial statements, to attract attention of the users through additional disclosures in reports, and/or through emphasis of matter paragraphs - crucial matters, so that the user of the report would understand financial statements and other issues relevant for understanding of the audit.


Over the course of two days, the participants will deal with topics of opinions in financial statements and compliance audits, as well as materiality and boundaries among various types of audit opinions. Emphasis of matter paragraphs will also be discussed in audit reports. All topics are discussed taking into account ISSAI standards, with practical examples and discussions.



[1]*This designation is without prejudice to positions on status, and is in line with UNSC Resolution 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.