AUDIT OF BUSINESSES PURPOSE

Zdenka Vidovič; Milan Milunović

doi:10.5937/

Authors

Zdenka Vidovič Court of Audit of the Republic of Slovenia, Ljubljana Author
Milan Milunović Ministry of Defence, Defence Inspectorate, Belgrade, Serbia Author

DOI:

https://doi.org/10.5937/

Keywords:

revision, business purpose, European Union

Abstract

Audit of businesses purpose is a procedure through which, the use of public assets is reviewed in order to determine whether it was done in accordance with principles of economy, efficiency and effectiveness and planned goals.It is quite often to determine that public assets weren’t used in Serbia according to the procedures. This is often the case in the context of public procurements, but there are also cases in subventions and other types of budget help, disposal with public property, performing budget commitments, payment of fees and salaries. Examination of purpose of such assets should be done continuously, during planning and approval of each public assets spending. It is in a way,embedded in key regulations that govern this matter – Law on Budget System, Law on Public Property, Law on Public Procurement and other.

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