The statement of balances of the Ministry of Education appreciated

Press Release – November 4, 2008

Auditors from the Supreme Audit Office (SAO) aimed at the 2007 statement of balances that was submitted by the Ministry of Education. The object of the audit was to examine whether the statement of balances was consistent with the proper regulations and whether the statement had been prepared in conformity with the law.

This auditing operation followed the related audits No. 06/21 and No. 07/26, which aimed at the statements of balances submitted by the Ministry of Education for the years 2005 and 2006.

“The 2007 statement of balances submitted by the Ministry of Education records some inaccuracies amounting to over CZK 716 million. As stated in the INTOSAI Auditing Standards, the highest accepted rate of shortcomings should not make more than 1 % of the financial activities of the accounting entity. In case of the Ministry, the rate of shortcomings did not make more than 1 % of the financial activities. That is why auditors concluded that the Ministry’s 2007 statement of balances clearly and truly depicted the accounts and was reliable source for the 2007 closing account of the state budget chapter 333 – Ministry of Education“, said president of the SAO František Dohnal.

Among insufficiencies found in the statement, the auditors only pointed out to some minor inadequacies, which included several overrated and underestimated items. “The Ministry was advised to implement corrective measures and changes to their accounting to eliminate inadequacies, which were detected in the statement of balances of the audited body, and thus prevent any repetition of the found shortcomings in the future“, said Dohnal.

The auditing operation was included into the 2008 Audit Plan of the SAO under No. 08/10. Jaromíra Steidlová, Member of the SAO Board, controlled the operation and drew up the audit conclusion as well.

Radka Burketová
Press Speaker
Supreme Audit Office

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