Audit of 2013 confirmed the efficiency of execution system regarding the approved budget of the TRACECA member states

29.01.2013

The 2013 audit of the financial activity of the PS IGC TRACECA in 2012 checked the execution of all income and expenditures categories, as well as the registration and preparation of documents.

Audit Group

As a result of the audit held on 23-24 January there was established the correspondence between the expenditures and the budget for 2012 approved at the Ninth Annual Meeting by the Chairman of the Intergovernmental Commission (IGC) TRACECA in Bucharest, Romania.   

Annual audit confirmed the compliance of the activity of the Permanent Secretariat IGC TRACECA with international standards and general accounting principles of IFRS (International Financial Reporting Standards), validity and consistency of income and expenditures which evidences the successful operation of the management system, quality, efficient and economic execution of the PS budget.  

The auditing team which carried out a budgetary review for 2012 financial year consisted of the representatives from the Republic of Moldova and the Republic of Tajikistan.

It should be noted that at the beginning of the financial year the auditing team conducts the financial audit of the PS budget execution in accordance with the Agreement on Joint  Financing of the Permanent Secretariat IGC TRACECA between the Governments of the Parties to the MLA on international transport for development of the Europe-the Caucasus-Asia corridor of 21 April 2005, the Temporary Regulations for the Work of the Auditing Team of the PS IGC TRACECA of 2-3 May 2008 and the Final Resolutions of Annual Meetings of the IGC TRACECA.

On the outcomes of the audit there was signed the Annual Report to be submitted for consideration to the regular Meeting of the Intergovernmental Commission TRACECA in Dushanbe, Tajikistan.

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Permanent Secretaritat of the IGC TRACECA