Overpayment of €9.1 million, without audit, for repayment of government-guaranteed loans to the Co-operative Central Bank (CCB) and the non-implementation of legislation on the memorandum cuts in the salaries of judges hired after the passage of this legislation, finds, among other things, the Audit Office in its audit of a sample of receipts and payments transactions of the General Accounting Office (GAO) for the year 2020.
In a special report issued on 28 March 2022 in the context of the audit at the General Accounting Office aimed at expressing an audit opinion on the financial statements of the Republic of Cyprus, the Audit Office concludes that "it was not applied, in all cases, the legislation and instructions/circulars issued by the GAO, regarding receipts and payments" and recommends "the faithful application
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