Court of Accounts finds irregularities at Superior Council of Magistracy

Chisinau, 30 November /MOLDPRES/- Asset acceptance transactions made after the reorganization of the Moldovan judicial system were improperly accounted for. This was set out in the Court of Accounts' report on the audit of the consolidated financial statements of the Superior Council of Magistracy concluded on 31 December 2017.

Under the report, improper accounting led to a 51.4 million-lei-increase in revenues and expenses, or about 11 per cent of total revenues and 13 per cent of total expenses, and the information in the financial statements was distorted.

At the same time, according to the Court's data, the audit work revealed several inconsistencies between information on managed heritage and patrimonial rights, after reorganisations.

During the audit mission, some measures were taken to address the identified shortcomings. Thus, CSM approved standardization of methods and procedures for consolidating individual financial reports, and adjusted accounting policies by setting clear criteria for the classification of fixed assets. However, the entity that did not ensure the proper organization of the accounting records initiated the restoration of the accounting records.

The patrimony managed by the CSM was estimated at 351 million lei in late 2017. During the audit period, the judiciary system was subjected to reorganization and some entities within it were merged.

Currently, there are 20 courts, out of 51 previously existing ones.