A New Procedure for Annual Party Report Verification to Be Implemented

The Corruption Prevention Commission is establishing a procedure for verifying the annual reports of political parties. This verification procedure is exclusively procedural in nature and aims to ensure the practical implementation of legally defined supervisory powers by clarifying the basis, phases, methods, and the order of data collection and evaluation for such checks.

The procedure does not impose any obligations on political parties. This has been reported by the newspaper “Pats”.

Given the importance of financial reports from political parties in strengthening public trust, ensuring transparency in political financing, and fostering anti-corruption oversight, it is essential to establish a clear, phased, and standardized procedure for checks conducted by the Corruption Prevention Commission.

The draft establishes the order for verifying annual party reports related to financial sources, expenditures, and asset declarations. Grounds for the verification of annual party reports include mandatory audits, written applications from individuals or legal entities containing significant circumstances for the annual report verification, media publications that are pertinent to the verification, information obtained from state or local self-government bodies, and initiatives by the commission.

According to the procedure, the verification consists of three main phases: data collection, data reconciliation and report preparation, and data assessment and summarization. Each phase includes a practical verification methodology as mandated by law, encompassing inquiries, calculations, inspections, external confirmations, and data gathering. The procedure also defines processes for correcting technical deficiencies, identifying deviations, documentation, and evaluation.

It is anticipated that the adoption of this draft will enhance the effectiveness of accountability and supervisory processes, provide legal clarity and predictability in the execution of the commission's functions, reduce or prevent financial inaccuracies and potential abuses, and contribute to strengthening public trust in the transparency of political parties' financial activities.

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