Successful TRACECA audit as a guarantee of international standards compliance

01.02.2012

During the audit of the PS IGC TRACECA financial activity held on 26-27 January 2012 the Auditing Team checked up the execution of all incomes and expenditures

Mr_Izzet Ishik, Mr_Hikmat Aliyev, Mrs_Elena Cacicovschii, Mrs_Zarina Khalikova

This check-up resulted in confirmation of the compliance of the PS IGC TRACECA activities  with international standards and general bookkeeping principles pursuant to IFRS (International Financial Reporting Principles), the legality and consistency of expenditure and income, indicating the successful functioning of the management system, the quality, the efficient and economic execution  of the approved budget of the PS IGC TRACECA.

The Auditing Team consisted of the representatives of the Republic of Moldova, the Republic of Tajikistan and the Republic of Turkey.

We would remind you that in accordance with the Agreement on Joint Financing of the Permanent Secretariat IGC TRACECA between the Governments of the Parties to the Basic Multilateral Agreement on International Transport for Development of the Corridor Europe-the Caucasus-Asia of 21.04.2005, the Temporary Regulations for the Work of the Auditing Team of the PS IGC TRACECA of 2-3.05.2008 and the Final Resolutions of the annual meetings of the IGC TRACECA, at the beginning of every year at the PS there is conducted the audit in respect of control on the execution of the PS IGC TRACECA budget.

On the outcomes of the audit there was signed an Annual Report which will be submitted for consideration at the regular meeting of the Intergovernmental Commission TRACECA.

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Permanent Secretaritat of the IGC TRACECA