Home > 2.6 Campaign finance > MOLDOVA - Joint Opinion on the Legal Framework of Governing the Funding of Political Parties and Electoral Campaigns
 
 
 
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Paragraph 64
 

Article 31 of the LPP, as amended in 2015, requires political parties whose annual income or expenses exceed one million MDL (approximately € 49,000) to audit their reports on financial management at least once every three years, in accordance with the national legislation and national and international auditing standards. The audit reports must be submitted to the CEC and, in case political parties receive public funding, also to the Court of Accounts. In the 2013 Joint Opinion, it was recommended to specify in the law that the auditors should be certified in accordance with relevant legislation of Moldova, in order to ensure full transparency and independence of the auditors. In addition, the CEC should “also have the power to commission external auditors if needed, as part of its oversight functions.” This recommendation remains to be addressed. It would also be preferable for audits of financial reports to be made compulsory for all the political parties receiving public funding and for such audits to be covered from public funds in order to prevent any potential conflict of interests.