"Institutions, violations with public finances" - KLSH: Widespread disregard for the legal framework for tenders and contract implementation
159 audits were conducted by the Supreme State Audit Office during 2024 in various institutions, identifying a number of violations in the management of public finances.
Audits include independent institutions, central government, local self-government, public companies with state capital over 50%, as well as investments with foreign financing. Meanwhile, our types have been different, starting from financial, compliance, performance audits, etc.
For the shortcomings, irregularities and problems identified in the audit missions, relevant recommendations have been given to improve the situation, with a financial effect reaching 16.47 billion lek.
According to the SAI, in financial and combined audits, a number of problems have been identified that affect the quality of financial reporting and compliance with accounting principles and standards. "One of the most widespread phenomena is related to the misclassification of expenses and income, which leads to the distortion of the financial statements of institutions and undermines their credibility," - assesses the SAI.
Another important phenomenon is the lack of complete registration of assets and the lack of property documentation, especially in real estate. Also, another worrying phenomenon is the lack of complete and updated records of liabilities, such as those to suppliers or court decisions.
Also, the SAI notes that overall, compliance audits have identified a widespread lack of respect for the legal and regulatory framework, in procurement, fiscal reporting, contract implementation, etc. "These problems are systemic and present at several levels of governance," the SAI's annual report states.
The objective of audits conducted by the Supreme State Audit Office is to conclude with an overall audit opinion or conclusion, accompanied by the provision of relevant recommendations, relevant to improving the situation of the audited entities, for the problems or shortcomings identified.
In total, 2,594 recommendations for organizational measures and 28 for legal improvements were made during 2024. In addition, 993 recommendations for disciplinary measures and 66 for administrative measures were made against employees of institutions where violations were found.
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