Positive evaluation for the Licensing Department

The Licensing Department of the FA of BiH received a positive evaluation from the CFCB (Club Financial Control Body), confirmed by a UEFA letter regarding the results of the audit on compliance with the criteria in the club licensing system, reports the Patria News Agency.

The procedure was carried out in accordance with Article 71 of the UEFA Club Licensing and Financial Fair Play Regulations. The control review procedure was conducted in October 2014. The subject of the CFCB's control was the verification of the work of the Licensing Department of the FA of BiH, and the evaluation of the documentation for all criteria provided in the club licensing procedure. This check concerned clubs participating in UEFA competitions for the 2014/2015 season, with a special focus on financial criteria.

UEFA, CFCB - Investigatory Chamber, sent a letter to the FA/SF of BiH confirming compliance with the provisions of the UEFA Club Licensing and Financial Fair Play Regulations for the 2014/15 season. The Chamber accepted the submitted report from the auditing firm "Deloitte" and positively evaluated the work of the Licensing Department of the FA of BiH.

The guidelines from the official report of "Deloitte", whose auditors conducted a joint control of the Department's work with members of the UEFA administration, will be forwarded to the clubs participating in UEFA competitions that were subject to control, as well as to the auditing firms that audited the financial operations of the clubs. These activities are being carried out to improve the quality of report preparation for the next season, which should be prepared according to UEFA standards.