Anda di halaman 1dari 12

CONFIDENTIAL

INDEPENDENT AUDIT REPORT ON RECONCILIATION OF THE GOVERNMENT ACCOUNTS

Ref.no. IA-IMF 6/2011

Reporting date: 15 February 2012

CONFIDENTIAL

I. INTRODUCTION Based on the Attachment II Technical Memorandum of Understandig Republic of Kosovo Definitions and Data Reporting Requirements Under the 2010-11 SBA Arrangement with the IMF , point 5 of paragraph I. it is performed the independent audit on reconciliation of the government accounts.

II. SCOPE

The audit on reconciliation of the government account include the fourth quarter 2011, from 1 October 2011 until 31 December 2011, based on book date.It is a sixth independent audit report on reconciliation of the government accounts.

III. OBJECTIVES The audit on reconciliation of Government accounts is performed to give the reasonable assurance that the data reported to the IMF are accurate and correct. IV.FIELDWORK 1. We have selected 15 dates for the audit as following: 03 Oct 2011; 10 Oct 2011; 17 Oct 2011; 24 Oct 2011; 31 Oct 2011; 01 Nov 2011; 08 Nov 2011; 14 Nov 2011; 21 Nov 2011; 30 Nov 2011; 05 Dec 2011; 12 Dec 2011; 19 Dec; 23 Dec;30 Dec 2011.
2

CONFIDENTIAL

The reconciled treasury accounts were audited and double checked with the CBK accounting system regarding the time deposits (CBK) and the interest paid from the commercial banks, also it was verified and double checked through the commercial banks confirmation. The audit report includes 6 tables as following:

Table 1.Matured time deposits at commercial bankstreasury booking , Table 2: Interest earned from Matured time deposits at commercial banks treasury booking Table 3: Transfers from commercial banks to CBK treasury account held with CBK Table 4: Reconciliation check report(principal +interest PTK dividend) Table 5: Reconciliation check report (time deposits, securities, current account and outstanding deposits in the commercial banks) Table 6:Reconciliation check report on end of day daily automatic transfers from sub to main account

The reconciled of the treasury data were checked and verified with the accounting system of the CBK. II. Audited figure of the reconciled time deposits at the Commercial Banks are stated in the table 1as following: Table1. Represent the principal of matured time deposits during October 2010 as of the treasury system based on booking date. The first column presents the references for each transaction (principal) at commercial banks whereas the second column is principal amount, the third column is description and the following columns are book date and source of information.
Table 1: Matured time deposits at commercial bankstreasury booking Treasury Principal Description reference
0.00 TOTAL 0.00

Book date

Source*

* FB = Free Balance Treasury accounting system

CONFIDENTIAL

III. Audited interest paid to the Treasury by the Commercial Banks in name of the PTK dividends. The data stated in table 2: shows the interest earned from matured time deposit at commercial bank in the treasury reconciliation module of the treasury system. The first column is CBK reference, in the second column is stated interest amount than the description and the following columns are date and source of information

Table 2: Interest earned from Matured time deposit at commercial banktreasury booking Treasury reference Interest Description Date Source*

0.00 TOTAL 0.00


* FB = Free Balance Treasury accounting system

IV.Audited transfer from commercial banks to the treasury account held with CBK. We checked and verified the following data and found that the audited Treasury amount of principal + interest is reconciled with the CBK statements. The data presented in the Table 3 were checked and verified in the CBKs accounting system .As it is stated in this table the first column represents the CBK reference, whereas in the second column we represented principal amount + interest from the commercial banks for the PTK dividends that are entered in the CBK accounting system as Incoming payments treasury-respective commercial bank(BPB in this case) and the booking date. Also we checked the amounts of the principal + interest of commercial banks through the banks confirmation, as following in table 3.

Table 3: Transfer from commercial bank to the treasury account held with CBK Principal + Booking CBK reference Description Interest date
0.00 TOTAL
* CBK AS = CBK Accounting System

Source*

0.00

CONFIDENTIAL

V. Reconciliation check report The table 4.represent the audited principal of the time deposit of the treasury at the commercial bank .We performed the audit and verified that the following data including the principal and the interest earned form the commercial bank are in full compliance and shown in the bank accounts of the Treasury. Referring to the sixth column of the table 4 stated that the difference is 0.00 (zero).

Table 4: Reconciliation check report (principal +interest PTK dividend) Principal Interest Description Description amount amount Treasury FB Treasury FB

Principal + Interest CBK AS*

Difference

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

Notice: As is shown in above 4 tables there is no any Matured time deposits, Interest earned, Transfer from commercial bank to the treasury account and principal +interest PTK dividend.

CONFIDENTIAL

Table 5: Reconciliation check report (time deposits, securities, current account and outstanding deposits in the domestic and foreign commercial banks) Confirmation of the Treasury(MEF). Balance at Treasury system
80,000,000.00 114,692,418.00 96,343,129.00

No
1

Date
03-Oct-11

Account type
Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

Balance at CBK system


80,000,000.00 114,692,418.00 96,343,129.00

Time deposits (outstanding) in commercial banks Total 2 10-Oct-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 291,035,547.00 95,000,000.00 114,692,418.00 63,169,450.00

0.00 291,035,547.00 95,000,000.00 114,692,418.00 63,169,450.00

Time deposits (outstanding) in commercial banks Total 3 17-Oct-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 272,861,868.00 130,000,000.00 79,782,718.00 77,880,902.00

0.00 272,861,868.00 130,000,000.00 79,782,718.00 77,880,902.00

CONFIDENTIAL

Time deposits (outstanding) in commercial banks Total 4 24-Oct-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 287,663,620.00 135,000,000.00 79,782,718.00 79,508,525.00

0.00 287,663,620.00 135,000,000.00 79,782,718.00 79,508,525.00

Time deposits (outstanding) in commercial banks Total 5 31-Oct-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 294,291,243.00 105,000,000.00 79,782,718.00 119,903,336.00

0.00 294,291,243.00 105,000,000.00 79,782,718.00 119,903,336.00

Time deposits (outstanding) in commercial banks Total 6 01-Nov-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 304,686,054.00 105,000,000.00 79,782,718.00 95,815,751.00

0.00 304,686,054.00 105,000,000.00 79,782,718.00 95,815,751.00

CONFIDENTIAL

Time deposits (outstanding) in commercial banks Total 7 08-Nov-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 280,598,469.00 125,000,000.00 79,899,748.00 77,120,175.00

0.00 280,598,469.00 125,000,000.00 79,899,748.00 77,120,175.00

Time deposits (outstanding) in commercial banks Total 8 14-Nov-10 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 282,019,923.00 125,000,000.00 79,899,748.00 59,865,635.00

0.00 282,019,923.00 125,000,000.00 79,899,748.00 59,865,635.00

Time deposits (outstanding) in commercial banks Total 9 21-Nov-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 264,765,383.00 155,000,000.00 49,949,593.00 71,205,237.00

0.00 264,765,383.00 155,000,000.00 49,949,593.00 71,205,237.00

CONFIDENTIAL

Time deposits (outstanding) in commercial banks Total 10 30-Nov-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 276,154,829.00 145,000,000.00 49,949,593.00 72,888,020.00

0.00 276,154,829.00 145,000,000.00 49,949,593.00 72,888,020.00

Time deposits (outstanding) in commercial banks Total 11 05-Dec-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 267,837,612.00 125,000,000.00 49,949,593.00 68,252,085.00

0.00 267,837,612.00 125,000,000.00 49,949,593.00 68,252,085.00

Time deposits (outstanding) in commercial banks Total 12 12-Dec-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 243,201,678.00 125,000,000.00 49,949,593.00 68,359,499.00

0.00 243,201,678.00 125,000,000.00 49,949,593.00 68,359,499.00

CONFIDENTIAL

Time deposits (outstanding) in commercial banks Total 13 19-Dec-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 243,309,092.00 95,000,000.00 0.00 151,431,173.00

0.00 243,309,092.00 95,000,000.00 0.00 151,431,173.00

Time deposits (outstanding) in commercial banks Total 14 23-Dec-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 246,431,173.00 135,000,000.00 0.00 49,972,653.00

0.00

246,431,173.00 135,000,000.00 0.00 49,972,653.00

Time deposits (outstanding) in commercial banks Total 15 30-Dec-11 Time deposits (CBK) Securities(CBK) Current Accounts(CBK)

0.00 184,972,653.00 105,000,000.00 0.00 89,326,101.00

0.00 184,972,653.00 105,000,000.00 0.00 89,326,101.00

10

CONFIDENTIAL

Time deposits (outstanding) in commercial banks Total

0.00 194,326,101.00

0.00 194,326,101.00

Table 6: Reconciliation check report on end of day daily automatic transfers from sub to main account

Date

Amount at CBK

Amount at Treasury

No. of transactions

03-Oct-11

8,532,091.74

8,532,091.74

50

10-Oct-11

8,189,638.86

8,189,638.86

51

17-Oct-11

15,457,379.62

15,457,379.62

50

24-Oct-11

7,239,192,.69

7,239,192.69

52

31-Oct-11

15,903,468.81

15,903,468.81

52

01-Nov-11

8,427,102.90

8,427,102.90

52

08-Nov-11

8,341,115.45

8,341,115.45

55

14-Nov-11

5,846,179.58

5,846,179.58

54

21-Nov-11

8,683,009.44

8,683,009.44

52

30-Nov-11

7,562,289.71

7,562,289.71

53

05-Dec-11

6,454,919.57

6,454,919.57

52

11

CONFIDENTIAL

12-Dec-11

6,115,490.20

6,115,490.20

50

19-Dec-11

5,917,439.10

5,917,439.10

50

23-Dec-11

4,628,354.19

4,628,354.19

51

30-Dec-11

8,539,231.70

8,539,231.70

53

V. CONCLUSIONS All the above mentioned data are reconciled by the Treasury Department of MF and agree with the Treasury account balances held with CBK.

12

Anda mungkin juga menyukai