Weekly Newscast: Week 28

2018-07-13 13:18:00   |   Author: Hoppál Krisztina Rita

In Week 28 the State Audit Office of Hungary concluded the audit related to the regular operation of the National Bank of Hungary. On Thursday the State Audit Office of Hungary concluded the assessment of the activity of five local government-owned companies for the period between 2013 and 2016. The SAO started its audits related to the 2018 parliamentary elections. Magdolna Holman, Secretary General of the State Audit Office of Hungary, had a meeting with the president of the Joint Inter-agency Committee of the Hungarian Representations of the United Nations. This week saw the publication of nearly 30 new articles on the News Portal.

New reports: the SAO concluded six audits

 

On Wednesday the State Audit Office of Hungary concluded the audit related to the regular operation of the National Bank of Hungary in 2016. The SAO found that the management, decision-making and audit systems of the MNB functioned in accordance with the regulations in 2016.

 

 

On Thursday the SAO concluded the audit of another five local government-owned companies (from Csabacsűd, Balatonfüred, Cegléd, Ózd and Algyő) for the period between 2013 and 2016.

 

Audit in progress: the audit of campaign funds has commenced

 

The State Audit Office of Hungary has started its audits related to the 2018 parliamentary elections. In accordance with the applicable legal regulations, the SAO audits the accounts of candidates who obtained a mandate in the elections and those of the nominating organisations which exceeded 1% in the list, within one year after the election held on 8 April 2018.

 

 

Proposals made by the SAO in order to ensure the effective use of public funds and prevent the indebtedness of local governments

 

In its report on its 2017 activity, the State Audit Office of Hungary formulated assumptions based on its audit experiences for the National Assembly, proposing the further improvement of certain areas of public finances and the reduction of their risks arising in these areas. This time, the SAO made special comments and proposal in 14 areas. The first part of our series of articles deals with the proposal on stopping the misuse and wasting of public funds and public assets, while the second part presents the SAO’s proposal on introducing stricter rules on financing local governments.

 

Utilisation: the Secretary General of the State Audit Office of Hungary met the president of a UN committee

 

On Wednesday Magdolna Holman, Secretary General of the State Audit Office of Hungary, met Seshan Nurani Sreenivasan, President of the Committee of the UN representation in Hungary in order to maintain future communication and establish possible cooperation between the organisations in the future.

 

 

International news: the importance of corruption risk assessment methods

 

The United Nations Office on Drugs and Crime (UNODC) prepared its guide to support public institutions in the establishment and implementation of effective corruption risk assessment and risk management processes.

 

Financial awareness: student work; financial literacy; coupon hunting

 

In many cases, enterprises seek to make up for the shortage of labour by employing students. In addition to the numerous summer jobs, companies offer work with students throughout the year. You can find information on summer student work here. Households with a higher level of financial literacy are more likely to avoid financial decisions which are disadvantageous for them. Watch our video about this. Collecting coupons remains popular, as customers can buy different products and services for a fraction of their original price.

 

Nearly 30 new articles on the SAO’s News Portal in Week 28

 

In order to ensure the transparency of its operation and the continuous supply of information to the general public, the SAO’s various organisational units and audit staff published 27 new articles this week. In addition to the topics of the Weekly Newscast, the articles provide up-to-date information on the various stages of newly launched and ongoing audits and on the utilisation of audit work.

 

Péter Rácz
Radócz Ákos
Department of Communication and Public Relations