The Prosecutor General's Office is improving accounting in accordance with the recommendations of the Accounting Chamber

The Prosecutor General's Office (hereinafter - the Prosecutor General's Office) is reviewing and implementing a unified accounting policy and unified approaches to organizing the accounting system for prosecutorial bodies, as well as adjusting accounting data.

Such actions were taken in accordance with the recommendation of the Accounting Chamber based on the results of the financial audit of the prosecutorial system.

As a reminder, the auditors checked, analyzed and assessed the correctness of the maintenance, completeness of accounting and the reliability of the consolidated financial and consolidated budget reporting of the Prosecutor General's Office and the entities under its control public sector entities for 2023. In general, the consolidated financial and consolidated budget statements for this period were prepared in all material aspects in accordance with the requirements of current legislation.

At the same time, the auditors also identified certain accounting deficiencies, in particular, regarding internal control, to eliminate which the UCP planned to revise the Procedure for the Organization and Implementation of Internal Control.

A distortion was also identified at the consolidated balance sheet level, in particular, regarding the accounting of assets seized during criminal proceedings that are in storage until their transfer by court decision. To eliminate this deficiency, the UCP has planned a process of adjusting accounting and financial reporting data and will reflect funds seized in criminal proceedings in national and foreign currencies.

The Accounting Chamber recommended that the UCP reflect in its accounting the results of the inventory of paintings in corridors and office rooms conducted in August 2024. This recommendation has been implemented.

In order to implement the recommendations provided, the UCP also planned to take measures to:

– adjust the original cost after the revaluation of real estate;

– control over depreciation;

– update data on assets in the areas of hostilities;

– comply with the procedure for accounting for property in the occupied territories;

– revision of the liquidation value of fixed assets after inventory.

In addition, specialized prosecutor's offices in the military and defense sector, in accordance with the recommendations, notified the Accounting Chamber of the adjustment of the accounting value of individual assets and fixed assets.

Most of the recommendations are awaiting approval by the General Accounting Office of a unified accounting policy and unified approaches to organizing the accounting system for similar transactions and other events under similar circumstances.

The Accounting Chamber will continue to monitor the implementation of the recommendations provided and will inform the public about this.