Financial audit

The audit mechanism must complete each audit it undertakes within two years, according to new rules on the tax administration.

With this move, businesses will stop being hostage to the taxman, while the cases forgotten in drawers will necessarily come out and must be completed quickly.

Luxury jewelry maker Folli Follie, whose finances are being investigated by Greek authorities while its shares have been suspended from trading, said late on Monday that a financial audit would be concluded in August.

A group of independent auditors hired by Albania's electricity distribution network operator OSHEE, to audit its financial statements for 2014, has refused to give an opinion, noting inconsistencies in the data.

The unaudited financial statements of the company shows that in 2014 revenues jumped to 47.2 billion leks (?337 million) from 37.7 billion leks (?269 million) in 2013.

BELGRADE - Serbia's State Audit Institution (DRI) will have drawn up a program for audit of financial reports of political parties in Serbia at the beginning of December, and first such audits will be performed next year, DRI Auditor-General Radoslav Sretenovic said Thursday.