From November to December 2016, the Austrian Court of Audit (ACA) carried out an audit of the reporting obligations pursuant to the Political Parties Act 2012 in the province of Upper Austria. The audit aimed at assessing whether the reports submitted to the ACA on the transactions with equity interest companies by the province of Upper Austria in 2013 and 2014 complete and correct. In addition to that, the ACA also examined possible weaknesses regarding the modus operandi and the fulfilment of the reporting obligation.
The background to this audit was the fact that the Political Parties Act does not envisage the conferral of audit rights to the ACA in the framework of this special task. It only stipulates that the ACA publishes its survey results on the political parties’ transactions with equity interest companies on its website.