Chamber of Control of Georgia releases 2010 report

The Chamber of Control of Georgia (CCG) introduced the Parliamentary Interim Commission on Audit on Financial-Economical Activity of the Chamber of Control to the report on their activities for 2010. At the joint session on April 14, the CCG delivered speeches on five principal issues necessary for the successful execution of activities within the Chamber. Members of the Parliamentary Commission interested in which activities the CCG generally spends the state budget funding, had a wonderful opportunity to familiarize themselves with all the ongoing processes within the CCG.

The importance and reliability of the audit in terms of financial management and decision making; purpose and privileges of the new financial audit methodology; reforms of the legal database and its strategic development; the role of Chamber of Control in budget management for ensuring transparency of the process as well as implementation of the modern informational technologies for increasing the quality of audit have been all highlighted in the CCG report to the Parliamentary Commission controlling the CCG’s activities annually.

As the Commission Chairman Bezhan Butskhrikidze told the media “CCG’s serious reforms had been positively assessed in the previous year.” Stressing the importance of the activities the Chamber has carried out this year Butskhrikidze hesitated from summarizing these results before the Parliamentary Commission had discussed the report and introduce it to the Parliament with relevant recommendations. After the Parliamentary discussions, the report will become accessible to the public for further consideration.

“We will provide the Commission with brief information about the ongoing reforms within the Chamber by familiarizing them with the details about the process,” Chairman of CCG Levan Bezhashvili stated. Highlighting that the Chamber has already defined the strategic development plan for 2010-2012 Bezhashvili claimed that all the budget sources are being spent according to the defined plan. “The main directions on which we plan to spend the budget consider the development of IT infrastructure as well as the implementation of certification system for financial audit methodology,” he added.

Guram Chakhvadze the member of the Parliamentary Interim Commission on Audit on Financial-Economical Activity of the Chamber of Control from the National Democratic Party welcomed the CCG’s activities aimed at meeting European standards and stressed that “the successful reforms would make the Chamber of Control one of the modern-styled audit institutions in the country oriented on the high-risk fields in our country”.