The Government of Moldova approved the budget of the Public Audit Oversight Board for 2022 with revenues of 2 million 136.5 thousand lei and expenditures of 3 million 020.2 thousand lei.
It is planned that its deficit of 883.7 thousand lei will be covered by the balance of funds as of January 1, 2022. The Cabinet adopted the corresponding decision while instructing the Public Audit Oversight Board to submit to the Ministry of Finance a report on budget execution for 2022 until 1 March 2023. It should be noted that for 2021 the budget of the Public Audit Oversight Board was approved with revenues of 1 million 724.3 thousand lei and expenditures of 2 million 366.3 thousand lei, with a deficit of 642 thousand lei, which was to be covered from the balance of funds as of January 1, 2021, and the Public Audit Oversight Board must submit a report on the execution of the budget for 2021 to the Ministry of Finance by March 1, 2022. The Public Audit Oversight Board is an independent public institution with the status of legal entity. It develops recommendations for improving the system of continuous professional training of auditors; organizes the certification process for auditors; establishes minimum requirements for the implementation of the audit probationer training program; considers inquiries related to public audit oversight, including on the quality of the audit; makes decisions on the application of disciplinary measures to auditors and audit subjects; supervises and controls the activities of audit probationers, auditors and audit subjects; develops normative acts in order to fulfill the function of public supervision; recruits specialists to the Public Audit Oversight Board; maintains the Public Register of Auditors and the Public Register of Audit Subjects; in accordance with the established procedure, maintains and posts on the official website of the Public Audit Oversight Board a list of organizations and institutions for continuous professional training of auditors; carries out external control of the audit quality; cooperates with the Ministry of Finance, other public authorities and professional associations; cooperates with international public audit oversight bodies. The Public Audit Oversight Board is financed from payments and contributions of auditors and audit subjects, subsidies received from the state budget through the Ministry of Finance. // 13.01.2022 – InfoMarket
