The audience says LDKI financial mirrors lack transparency and control

An audit report prepared by the independent audience that has been selected by the Office for Recording, Certificate and Financial Control of Political Subjects (ZRCKFSP), for the Democratic League of Kosovo (LDK), has provided qualified opinions on the financial mirrors of this political subject for 2024, recording a series of violations and shortcomings affecting financial transparency and implementation of internal control rules, Kohanet reports. Periscope.

The audience has reviewed “Financial Positor Positure” as well as “Cleaning of indents and spending” for the actual period. According to the report, except for issues highlighted in the panel for qualified opinion, the findings reflect towards the subject's financial situation in line with the law on financing political subjects.

The main issues that led to qualified opinion (confirmed when problems are identified in financial mirrors v.j.), according to the audience:

Missing property and rental documentation for headquarters A part of the LDK headquarters object is used without currency contracts or possessive sheets, which, according to the audience, limits the ability to verify the existence and accuracy of registered assets.

A lack of transparency in acquisition and tender The political subject has not implemented formalised tender procedures for spending and acquisitions, increasing the risk of inefficient use of funds and lack of transparency.

Failure to implement internal financial control According to the report, the LDK has exercised no internal control during 2024, though this is a requirement determined by the law and the statute of political subject. The supervisory Commission has offered no labour reports for this period.

Document lack for eight more offices in Kosovo For offices operating outside the headquarters, there is no documentation proving the right to exploitation, increasing the risk of possible misuse of funds.

Management and Audience Responsibilities

The audience stresses that the LDK management is responsible for accurate preparation of financial mirrors and the implementation of internal controls guaranteeing fair financial reporting.

The audience has said that for this report, the International Audition Standards (SNA) have implemented and gathered enough evidence to issue a qualified opinion, stressing that the issues raised are of significant impact on the proper performance of the financial situation.

The report underlines the need for urgent measures by the LDK chairmanship to improve the internal control system, property documentation, and procedures for managing public funds in accordance with the law.

The failure to improve these issues risks not only the party's financial credibility, but also compliance with the law on financing political subjects”, the report said.

Full report for LDK