Decree of the Ministry of Finance No. 121 / 1967 Coll.
Ordinance of the Ministry of Finance on the conduct of periodic business reviews
Valid
Effective from 01.01.1968
121
DECLARATION
Ministry of Finance
of 6 December 1967
on the implementation of periodic revisions to the management
The Ministry of Finance sets out, pursuant to § 391 (2) of the Economic Code No. 109 / 1964 Coll., pursuant to § 18 of Act No. 8 / 1959 Coll., laying down the basic rules on the State Budget and on the management of budgetary resources:
Subject matter and scope of the adjustment
(1) This decree provides for the implementation of periodic revisions of management in state economic organisations, budgetary and other state organisations, state funds and foreign trade organisations.
(2) This decree does not apply to the conduct of periodic reviews of the management in the internal services of organisations (paragraph 1), which are decided by their directors (heads of organisations).
(3) The implementation of financial and tax revisions in the field of organisation relations to the state budget is governed by specific rules. *)
Scope of the review bodies
(1) Periodic management revisions are carried out
(a) economic management bodies * *) in all directly managed State economic, budgetary and other State organisations and foreign trade organisations;
(b) the authorities responsible for monitoring the management in accordance with specific rules. * * *)
(2) The scope of the national committees in carrying out reviews of the management of the national committees of the lower level and of the organisations managed or managed by the national committees is laid down in the National Committees Act. †)
(3) Periodic reviews of the management of the ministries, central offices and authorities and the Regional National Committees are carried out by the Ministry of Finance (in Slovakia mandated by the Slovak National Finance Council). † †)
Periodicity and focus of periodic business revisions
(1) Periodic management revisions are carried out in state economic organisations and foreign trade organisations
(a) each year with a focus on review
- the accuracy of the annual accounts,
- the accuracy of the accounts in terms of content,
- the eligibility of the financial benefits achieved in terms of carrying out binding tasks and binding limits, † † †)
(b) at least once every three years with a focus on review
- the application of economic instruments, in particular prices and wages, and their compliance with the needs of society;
- the state of administration and protection of national assets and assets of foreign trade organisations.
(2) In budgetary, other state organisations and state funds, periodic reviews of the management are carried out at least every three years with a focus on the review of:
- the effectiveness and efficiency of the spending of budgetary resources, the detection and use of budgetary resources and reserves, compliance with the management rules on budgetary resources and the rules on incentive funds, compliance with planning and budgetary discipline and the determination of whether the management of budgetary resources has not been carried out at the expense of the organisation's main tasks,
- the accuracy of the accounts,
- the accuracy of the accounts in terms of content,
- the state of administration and protection of national assets.
(3) The further focus of periodic management revisions shall be determined by the revising authorities as appropriate.
Supervision and exploitation of the results of periodic revisions of the management
(1) Higher level management bodies supervise the review activities of subordinate bodies and organisations and use their results in their own control activities.
(2) The Ministry of Finance is methodically managing and monitoring the implementation of the periodical revisions of the management (in Slovakia with the cooperation of the delegation of the Slovak National Finance Council).
Authorisations and obligations of the reviewing authorities
(1) When carrying out periodic audits of the management, the reviewing authorities are entitled to carry out all the actions necessary to carry out the revisions.
(2) The heads of organisation and other staff authorised by them are required to provide all assistance to the competent authorities on request, in particular to provide the required explanations, to submit the documents, accounting documents and other supporting documents, inspection materials, revisions and inspections carried out by other authorities.
(3) The investigating authorities are required to maintain national, economic and professional secrecy on matters which they have learned in their activities. This obligation shall continue after the employment of the worker concerned has ceased.
(4) The organisation shall implement measures to remedy deficiencies identified by the periodic review of the management within a time limit agreed with the reviewing authority; where appropriate, within a time limit set by the superior authority.
Notification obligation
Organisations shall inform the authorities to which it is competent to take appropriate measures in such cases in accordance with specific rules on the essential facts established during periodic revisions.
Implementation of periodic management revisions by the review consultancy organisations
The review bodies may conduct a periodic review of the management by the review consultancy organisation; in that case, this revision shall be considered as a revision of the reviewing authority. In order to carry out periodic management reviews by consultancy organisations, similar provisions on the authorisation and obligations of the revising authorities (Section 5) apply.
Final provisions
(1) The Ministry of Finance may, for serious reasons, authorise exemptions from the provisions of Section 3.
(2) The Decree takes effect on 1 January 1968. *)
First Deputy Minister:
Lér CSc.
*) Government Decree No. 107 / 1967 Coll., on Securing Organisations' Relations to the State Budget.
* *) § 4 of Decree No. 100 / 1966 Coll., on the planned management of the national economy.
* * *) e.g. control of the management of state funds.
†) § 27 and 28 of Act No. 69 / 1967 Coll., on National Committees.
† †) § 18 (2) of Act No. 8 / 1959 Coll.
† †) § 11 and 12 of Government Decree No. 100 / 1966 Coll.
*) The rules for the implementation of the periodical revisions of the management, approved by Government Resolution No. 481 of 8 October 1965 and published under No. 112 / 1965 Coll., with the exception of the provisions governing the approval of the annual results of the management, shall cease to apply on 1 January 1968 on the basis of Government Resolution No. 72 of 15 March 1967, published by the measure of the President of the Central Commission of People's Control of 12 April 1967 Coll.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 121 / 1967 Coll., on the implementation of periodical revisions of the economy |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 21.12.1967 |
|---|---|
| Effective from | 01.01.1968 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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