TNBiz (TNBiz)
Czech republic  |  April 09, 2013 14:04:19

The government wants to stop the financial machinations of political parties

Traced details of the financing of political bipartisan is currently very difficult and almost impossible for the public. If you people get to the actual financial reports, you may not have even won. The current structure does not show enough actual flow of funds and the very system of management controls party has under its administration nor any independent supervisory authority. The system is also currently limited to a completeness check annual financial reports. The current rules for the selection of an auditor also does not sufficiently ensure its independence.

While the sanctions are set so that they can get only sanction for illegal adoption monetary donations and other breaches of statutory duties is punishable only suspending their activities or dissolution. The new proposal of the Ministry of Interior should solve part of shortcomings. His form is but a compromise, because a number of measures in previous negotiations were not able leaders of the parties are able to agree.

Clearer description of revenue and expenditure sides

Better show the actual flow of money each party should change the structure of their financial reports. You should describe in detail Proceeds from sale of property, from participation in the business including mention of specific companies as well as income and listed specific social or cultural events organized by the party. Also, if a party takes a loan or loan will need to provide the service along with the amount and terms of the loan.

Also, the parties should state the summary of its expenditure for the purchase of services and goods, and divided them according to their nature (advertising, consulting) and also indicate by whom it is bought.A similar requirement will apply even wage costs, where they will have to give a clear number of people paid and the type of work performed.

One of the main innovations of the new law is that political parties will have to submit separate reports on campaign financing. In those would also have to also bring revenue and spending options and specify what and how much funds have been specifically drawn. Will also have to include in the report all gifts free benefits and services of third parties, such as providing space in print or gratuitous printpromotional materials and transportation to the assembly election, with the party and the movement published individually, who was their provider. All of this, including the integration of survey data for each of the independent candidates, including those who were only on the candidate list.

Parties will need to have a transparent account

Expected novelty Standard establishes, after which many called NGOs and movements dealing with corruption, is also planned duty of political parties to set up a so-called transparent account, thusspecial type of current account, where you can see all public revenue and expenditure immediately after clearing the bank. Mostly, however, the imperfection of the instrument revealed the past presidential election, when, despite the use of a transparent account for some candidates had many donors intricately dohledávat.

Another and perhaps equally significant new obligations that the law, if adopted, will establish, is the duty of the parties to publish annual financial report on a website.It is now very difficult to obtain, was in fact transmitted in paper form only the Chamber of Deputies.

Will also set new rules for selection of the auditor, who should examine the accounting party. Under the new rules would such a person could not have the financial, business, labor or any other relationship with the party and movement. Picked by him, however, internal inspection authority parties and movements. Fuse could perhaps be that one auditor would not be selected more than once.

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