At today’s Sixteenth Meeting, in line with Art. 73 of the parliamentary Rules of Procedure, the Committee on Tourism, Agriculture, Ecology and Spatial Planning held a consultative hearing on the topic: “Recommendations from the Final Report of the SAI on the audit of the financial statements of the Public Enterprise Regional Water Supply Company for Montenegrin Coast Budva for 2016”. The meeting was attended by representatives of the Public Enterprise Regional Water Supply Company for Montenegrin Coast Budva for 2016 and State Audit Institution (SAI).

During the discussion, a special attention was devoted to the reasons for negative opinion of the SAI regarding the 2016 annual financial report of the Regional Water Supply.  It was noted that out of 36 recommendations, 30 were addressed, three were not related to the Regional Water Supply, while recommendations 7, 8 and 15 have not been addressed.  In that context, the discussion focused on whether the implementation of these recommendations would be contrary to International Accounting Standards.

The Committee assessed that in the process of the control audit, the issue of possible different interpretations of the accounting techniques should be addressed in order to resolve the problem of possible irregularities.