The SAO only found minor errors in the accounting of the Ministry of Education, Youth and Sports for the financial year 2015
PRESS RELEASE on Audit No. 15/35 – 8. 8. 2016
The Supreme Audit Office (SAO) performed an audit at the Ministry of Education, Youth and Sports, and focused on its system of keeping accounts, compiling the financial statements and final accounts for the year 2015. Data produced in relation to the evaluation of the Ministry’s budget implementation in the financial year 2015 were also scrutinized. Auditors aimed at the data accuracy, completeness, and reliability and concluded that the Ministry’s annual accounts for the year 2015 gave a true and fair view of the assets and the financial position of the Ministry. Auditors also concluded that the Ministry had implemented corrective measurements to address deficiencies that had been identified during the SAO’s previous audit operations.
Auditors also analysed facts, which might have affected the contingent liabilities of the Ministry of Education, Youth and Sports in the period from 2010 to 2015. Contingent liabilities can seriously impact budgeting in the future. Auditors compared the amounts of contingent liabilities of selected Czech ministries in the financial year 2015 and concluded that the most liabilities in the total amount of CZK 410,000 million were accumulated by three ministries: Ministry of Finance, Ministry of Transport, and the Ministry of Education.
In 2015 final accounts of the Ministry of Education, Youth and Sports, auditors found errors, which exceeded CZK 665 million. Most errors were made in the area of contingent liabilities that resulted from transfers. In spite of the found errors, auditors concluded that the Ministry of Education, Youth and Sports gave a true and fair view of their accounts because the total amount of errors did not exceed the so-called materiality level, which was determined to be CZK 2,800 million. When scrutinizing the data that were produced in relation to the evaluation of the Ministry’s budget implementation in the financial year 2015, auditors concluded that the Ministry had not made serious errors. In the financial statements of the Ministry for the year 2015, no major errors were found either.
Supreme Audit Office