On January 24-26, 2022, an audit of the accounting for execution of the PS IGC TRACECA budget approved by the TRACECA member states for 2021 was held

During the audit of the financial activities of the PS IGC TRACECA, an audit procedure was carried out for the accounting of the Permanent Secretariat of IGC TRACECA on the budget execution for 2021 and an assessment of the level of accounting organization.

On the outcomes of the audit, the members of the Auditing team signed a report containing an expert opinion, analytical opinion, results, as well as recommendations on both the expenditure side of the budget and general recommendations, which are submitted for consideration at the next Meeting of the Intergovernmental Commission TRACECA planned to be held in Tbilisi, Georgia. In addition, in order to increase the efficiency of working with financial documents and transactions, auditors are proposed to ensure the full use of software for accounting and reporting.

It should be noted that in accordance with the Agreement on Joint Financing of the Permanent Secretariat of the IGC TRACECA between the Governments of the Parties to the MLA on International Transport for Development of the Europe-the Caucasus-Asia Corridor dated 21.04.2005, Article 5 of the Rules for formation and execution of the budget of the PS IGC TRACECA dated October 21, 2021 and the Final Resolutions of the Annual Meetings of the IGC TRACECA, an audit is conducted at the beginning of each year to monitor the budget execution.