engleski

AUDIT OF ASSETS OF LOCAL AND REGIONAL SELFGOVERNMENTS

The aim of this paper is to investigate the assets of local and regional self-government units. The conducted research is based on two counties (Vukovar-Srijem and Međimurje) for 2013, 2015 and 2016. The assumption isthat the assets of counties vary significantly in their structure and value. This is investigated from the asset information contained in financial audit reports and from the data obtained from performance audit related to the field of assets. Scientific literature from the said field was also used. Horizontal and vertical analysis of assets was carried out and the structure of total assets (financial and non-financial) is analysed. Audit reports have been drafted by the State Audit Office as the highest audit institution in the Republic of Croatia and are considered reliable as a source of information. The audit seeks to determine whether the entity's financial position is presented in a fair and objective manner. Objectivity criteria are consistent and concrete application of generally accepted accounting principles and standards. The task of the state audit is to provide information to citizens on business activities, and to inform the public about the management of public funds. The State Audit Report is submitted to the Croatian Parliament and to the public through the website of the State Audit Office. The paper confirms the assumption that counties differ significantly in the value of their assets and the structure of their available assets. Recommendations given by the audit were researched. The assumption that the audit resulted in numerous recommendations was confirmed. The assumption that recommendations were effective and that they resulted in better asset managements was also confirmed. This can be stated since recommendation evaluation was performed after a certain time has passed.

Audit, Report, Assets, Recommendations, Counties

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