Newsroom
OSCE Mission welcomes adoption of law on State Audit Institution in Serbia
BELGRADE 2 December 2005
BELGRADE, 2 December 2005 - The OSCE Mission to Serbia and Montenegro today welcomed the adoption by the National Assembly of the Republic of Serbia of the Law on the State Audit Institution, an innovation it has supported by providing drafting expertise to the Assembly's Financial Committee.
Entering into force this week, the law is a key component of any system of public accountability in a democratic state guided by the rule of law. It is expected to strengthen the balance between executive and legislative powers in Serbia.
"The new State Audit Institution is expected to perform an annual audit of the planning and implementation of the State budget and of the operations of publicly-funded agencies," said the Head of the Mission, Ambassador Maurizio Massari.
Such audit institutions have been established in all transition countries in the region. The establishment of such an institution is one of the requirements for the Republic of Serbia to meet in its progress towards European integration.
The Mission also co-ordinated the delivery of legal assistance by experts from Slovenia and from OECD and European Union (SIGMA programme).
The OSCE Mission will support the establishment of the State Audit Institution within the next six months, including helping devise a strategy for the setting up the institution, in order to ensure the adequate provision of human, material and financial resources to enable the future State Audit Institution to carry out its duties.
Entering into force this week, the law is a key component of any system of public accountability in a democratic state guided by the rule of law. It is expected to strengthen the balance between executive and legislative powers in Serbia.
"The new State Audit Institution is expected to perform an annual audit of the planning and implementation of the State budget and of the operations of publicly-funded agencies," said the Head of the Mission, Ambassador Maurizio Massari.
Such audit institutions have been established in all transition countries in the region. The establishment of such an institution is one of the requirements for the Republic of Serbia to meet in its progress towards European integration.
The Mission also co-ordinated the delivery of legal assistance by experts from Slovenia and from OECD and European Union (SIGMA programme).
The OSCE Mission will support the establishment of the State Audit Institution within the next six months, including helping devise a strategy for the setting up the institution, in order to ensure the adequate provision of human, material and financial resources to enable the future State Audit Institution to carry out its duties.