State Audit Institution - a Key Link in the System of Financial Responsibility in Serbia

24 September 2021.
State Audit Institution - a Key Link in the System of Financial Responsibility in Serbia

Mr. Ivica Gavrilović, Supreme State Auditor in Sector No. 5, presented to the members of the Audit Committee and the Committee on Finance and Budget of the National Assembly of the Republic of Srpska, the experiences of the State Audit Institution in cooperation with the Committee on Finance, Republic Budget and Control of Public Expenditure of the National Assembly. seminar held on September 23 and 24, 2021 in Teslić. The aim of the meeting was for members of the competent Committees to receive relevant information on the public sector audit process, from audit planning to the publication of audit reports, from representatives of theSupreme Office for the Republic of Srpska Public Sector Auditing.

The State Audit Institution is one of the key links in the system of financial responsibility in the state, because it takes care that public funds and property are managed in a financially stable way and in accordance with the decisions and intentions of the National Assembly, Mr. Gavrilovic said.

As he emphasized, the most important stakeholder for the SAI is the body to which it submits its reports, and that is the National Assembly.

Through audit reports, SAI provides recommendations to the Government and other state bodies for improving the functioning of the public sector, while the National Assembly has the role of monitoring and ensuring the implementation of recommendations from the audit report, Mr. Gavrilovic emphasized.

He reminded that in 2015, a Subcommittee was formed for reviewing the reports on audits conducted by the State Audit Institution, and that in the same year, the State Audit Institution and the Finance Committee signed a Memorandum of Cooperation, which defined the details of mutual cooperation.

In addition to the experience of the State Audit Institution regarding cooperation with the Committee on Finance, Republic Budget and Control of Public Funds Spending of the National Assembly of the Republic of Serbia, discussions also included basic components of financial, compliance and performance audit, audit reports, scope and limitations of the work of the Audit Committee of the National Assembly of the Republic of Srpska.

The two-day seminar was organized by the Centers for Civil Initiatives, which is implementing the Project "More Appropriate Public Audit for Reduction of Corruption in Bosnia and Herzegovina", with the support of the Swedish Embassy in Bosnia and Herzegovina.