The Final Account of the State Budget Chapter the Grant Agency of the Czech Republic
Press release on completion of the auditing operation No. 05/20
The aim of the auditing operation “The Final Account of the State Budget Chapter the Grant Agency of the Czech Republic” was to examine the accuracy of financial statements, which were base for the final account of the state budget chapter 321 – The Grant Agency of the Czech Republic – 2004. The audit dealt with activities, which were the object of accounting of the Grant Agency of the Czech Republic and influenced the closing balance value in its financial statements elaborated on the date 31.12.2004, also including relevant facts from previous accounting periods. The auditing operation was managed by Mr. Jan Vedral, Member of the SAO.
Notwithstanding some shortcomings found during the audit, it is possible to state in compliance with the recommendation of the international auditing standards INTOSAI that the financial statements finalized by the Grant Agency of the Czech Republic give a true and fair view of the object of accounting from accounting period 2004 in accordance with the Act of accountancy and relevant regulations.
The financial statements carried out by the Grant Agency of the Czech Republic on the date 31.12.2004 were a reliable base for the final account of the State Budget Chapter 321 – the Grant Agency of the Czech Republic.