WITH DEFICIENCES OF VIEW
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The findings and recommendations of the Court of Accounts of the Republic of Moldova (CoARM), presented during the financial audits of two ministries, were discussed today, October 26, during the meeting of the Public Finance Control Committee (PFCC).
The team of auditors led by Petru Rotaru, Member of the CoARM, presented the summary of the Audit Report on the consolidated financial reports of the Ministry of Foreign Affairs and European Integration (MFAEI) concluded on December 31, 2021. In the context of the audit, the Court of Accounts issued a qualified opinion, due to the fact that the errors found, in their entirety, affected the consolidated financial statements. At the same time, were reported some problems which, due to their importance, require taking a stand, both from the MFAEI and from other authorities, and recommendations were submitted for their remedy.
In the context of the 50% implementation of the recommendations previously submitted by the Court of Accounts, a series of unimplemented recommendations were reiterated, such as updating the regulations regarding the administrative-financial activity of the institutions of the diplomatic service of the Republic of Moldova abroad, as well as regarding the method of collection, use and record of consular fees and special means from paid services.
The Court of Accounts also recommended the MFAEI, jointly with the Ministry of Finance, the State Chancellery, the Public Services Agency, the Public Property Agency to examine the criteria for recording and reporting the revenues collected from the provision of consular services on the territory of the Republic of Moldova through the Directorate of Consular Affairs; population registration and records services through diplomatic missions and consular offices of the Republic of Moldova; the registration in the Real Estate Register of the land transferred by the ministry, including the legalization of the rights and the manner of their use, etc.
The second report related to the audit carried out at the Ministry of Defense (MoD) was discussed by the audit team, led by Tatiana Șevciuc, Member of the CoARM. The purpose of the audit of the consolidated financial reports of the MoD concluded on December 31, 2021 was to test, in all material respects, whether the consolidated financial reports of the ministry, concluded on December 31, 2021, present a true and fair view according to the applicable financial reporting framework and, taken as a whole, are free from material misstatement, whether due to fraud or error.
As a result of the audit, the Court of Accounts issued a qualified opinion, caused by the non-institution of appropriate internal managerial control, especially in the financial-accounting and asset management fields, the wrong application or non-application of the provisions of the regulatory framework related to the field.
To remedy the deficiencies identified, the Court of Accounts submitted 18 recommendations with a deadline of 8 months, with quarterly reporting. Concerning the level of implementation of the previous recommendations of the Court of Accounts, an implementation level of 46% was stated.
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