Regulatory Alerts2023-01-01
Law on State Audit Institution of Montenegro
The Parliament of Montenegro enacted this law to establish the State Audit Institution as an independent supreme state audit body responsible for examining the financial statements, legality, and performance of public entities. The legislation defines the Institution's mandate to audit budget execution and state property, outlining its organizational structure, the appointment of Senate members, and its obligation to report findings to Parliament and the Government. It further mandates public transparency through annual reports and imposes fines for non-compliance with information requests or confidentiality obligations.
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