The document discusses the Finance and Budget Committee of the House of Representatives in Bosnia and Herzegovina. The committee considers issues related to the budget, financing of BH institutions, fiscal policy, and reports from the Audit Office. It is composed of a chairman, two deputies and five members. The committee adopts a plan to consider audit reports, prepares reviews of past audit follow-ups, and organizes public hearings. Upon completion, the committee forwards opinions with findings and recommendations to the House. The committee's objectives include strengthening financial discipline and accountability of budget beneficiaries.

1. BOSN I A AND HER Z EGOVINA PARL I AMENTAR Y ASSEMBLY BH HOUSE OF PEOPLE Permanent committees : 1. Constitutional Legal Committee 2. Committee for foreign and trade policy, customs, transportation and communication 3. Finance and budget committee HOUSE OF REPRESENTATIVES Permanent committees : Constitutional-Legal Committee Foreign affairs Committee Foreign Trade and Customs Committee Finance and Budget Committee Transportation and Communication Committee Committee for the Equality of Sexes Preparatory Committee for the elections of B&H Council of Ministers

2. FINANCE AND BUDGET COMMITTEE HOUSE OF REPRESENTATIVES A UTHORITIES AND STRUCTURE The Committee considers the issues pertinent to following : Considers, executes and supervises budget execution Financing of BH institutions Fis cal and credit policy Central Bank of BH Foreign debt Banking except banking policy Reports of the Audit Office of the B&H institutions (financial, special and performance audit ) Functioning of the finance institutions at the B&H level Finance and budget related regulations Considers decisions on borrowing, debt reprogramming and other monetary liabilities of BH Other issues pertinent to economy, finance and budget . The Committee is composed of a chairman, two deputies and five members .

3. CONSIDERATION OF AUDIT REPORTS OF FINANCES OF B & H INSTITUTIONS During the financial audit consideration the Committee : Adopts a Plan for audit report consideration with defined time schedules Conducts necessary correspondence with Audit Office of B&H institutions Prepares tabular reviews on audit follow up for preceding five years Charges members of the Committee with individual audit reports Organizes and implements public hearing for the representatives of institutions Prepares and adopts following opinions of the Committee : Collective opinion with proposal of systemic findings Individual opinion for each institutions with proposal of individual findings Upon completion of the procedure, prepared documents forwards to the House for further procedure In cooperation with the Audit Office, performs supervision over implementation of adopted findings

4. COMMITTEE’S RE SULTS Increased number of institutions with unqualified audit opinions : Close cooperation with Audit Office of the B&H institutions Problems at the level of state and budget beneficiaries identified, recommendations as to their resolution made Financial discipline of budget beneficiaries strengthened

5. COMMITTEE’S OBJECTIVES Perform quality supervision over implementation of audit findings in collaboration with the Audit Office Enhance all forms of accountability of budget beneficiaries especially the discipline of, ethical and public accountability Bud get sanctioning of BH institutions due to repetition of audit findings and recommendations pursuant to Law on audit of BH institutions (“ Official Gazette of BH” no. 12/06) Performance audit Thank you for your attention !!!