Criteria for mandatory audit at state-owned and municipal enterprises agreed

The MPs passed in the first and second readings a bill that lays out the criteria for performing the mandatory audit at state-owned and municipal enterprises, IPN reports.

One of the authors, Democratic MP Marcel Raducan said that now the audit of financial situations is mandatory for 66 state-owned enterprises of the working 188. When the proposed changes and supplements take effect, 23 state-owned and 19 municipal enterprises will fall under the remit of these provisions.

Thus, until the Accounting Law starts to be applied, on January 1, 2019, the mandatory audit of the financial situations for 2017 will be carried out at state-owned companies that in the last two management period exceeded the limits of two of the following criteria: share capital - 500 000 lei; total revenues – 10 000 000 lei; average personnel units – 100.

The mandatory audit of the financial situations for 2018 will be performed at state-owned and municipal companies that on December 31, 2017 exceeded the limits of two of the following criteria: total assets – 63 600 000 de lei; sales revenues – 127 200 000 de lei; average number of employees – 50.

Socialist MP Vasile Bolea said the new provisions seem to be good as there are many irregularities at companies, but it is not clear how the enterprises that are close to bankruptcy or have debts of millions of lei will ensure such an audit.

Liberal MP Valerian Bejan wondered if these provisions could not be used as an additional instrument for changing the administration of some of the enterprises when need be. The bill authors denied such a possibility.

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