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The Council shall establish the Audit Committee as the standing body of the Council of the Central Bank of Montenegro.

The Audit Committee oversees and evaluates the functioning of the internal controls system; monitors and evaluates financial reporting; gives opinion on the appointment of independent external auditor, and monitors and assesses the procedure of auditing of financial statements of the Central Bank, monitors and analyses the compliance of the Central Bank’s operations with the law, other regulations and general acts and oversee the effectiveness and efficiency of the internal audit’s work.

The constitution and the competencies of the Audit Committee are regulated in the Central Bank of Montenegro Law, and its scope and the method of work are regulated in more details by a general act of the Council of the Central Bank of Montenegro.

Members of the Audit Committee are:

Ruždija Tuzović, Chair

Milorad Jovović, PhD, Member

Nevenka Glišević, PhD, Member

Rulebook on the work of Audit Committee

Rules of Procedure of the Audit Committee

Central Bank of Montenegro Audit Committee Report 2023 (summary)