WITH DEFICIENCES OF VIEW
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The Court of Accounts of the Republic of Moldova (CoARM) has published the Annual Report 2020, which contains the analysis and generalization of the information on the formation, administration and use of financial resources and public assets related to the annual audit cycle (September 16, 2020 - September 15, 2021).
On September 15, the Report on the administration and use of public financial resources and public patrimony was presented to the Parliament, according to the requirements of the Law no.260 from 07.12.2017 on the organization and functioning of the Court of Accounts of the Republic of Moldova.
The purpose of the CoARM's Annual Report is to present to the Parliament, the Government, the audited entities and the society the main systemic issues and findings made in the context of the external public audit activity.
Thus, during the reporting period, the CoARM approved the results of 75 audit missions, including 30 financial audits, 38 compliance audits, 5 performance audits, and 2 follow-up. The financial audit included the formation and use of the resources of the state budget (SB), the state social insurance budget (SSIB), the compulsory health insurance funds (CHIF), as well as the consolidated financial statements of the 9 ministries, including other central and local entities. We paid special attention to important areas, including public procurement, privatization of state assets, and the state of assets in the country and abroad, pandemic crisis management, as well as an analysis of the impact of the audit activity.
In order to facilitate the understanding of the audit findings and to increase the impact of the activity of the supreme audit institution (SAI) of the country, we have traditionally published a Summary of the CoARM's Annual Report. The summary is a concise version of the Report, which presents, in a language accessible to the general public, the main findings of the Court of Accounts.
