RNIDS - .rs domain registry

Eng

Business Standards

RNIDS follows the best global practices regarding the technical operation of the services it manages, the procedures for registering national domains and resolving related disputes, business relations with its network of accredited registrars, and the Foundation’s internal processes. RNIDS has a statutory obligation to act in the general interest of all citizens of Serbia, upholding the principles of quality, efficiency, independence, and transparency.

RNIDS was established as a professional, non-partisan, non-governmental, and non-profit organization — a foundation — by interested members of the local internet community, whose numbers have gradually grown over the years. RNIDS aims to respond to the needs, goals, and interests of internet users, operating on a bottom-up model to understand these needs and involve stakeholders in its processes. RNIDS supports a multistakeholder governance model, ensuring stakeholder engagement in dialogue, decision-making, and the implementation of solutions for shared problems and objectives.

RNIDS’s regular operations are funded through fees collected for domain registration services, annual membership fees, and other activities it performs. Any surplus generated by RNIDS is reinvested into enhancing its activities and cannot be distributed to the co-founders.

RNIDS has a statutory obligation to maintain transparency about its work, as an organization performing activities of public interest, and to adhere to ethical standards and internal codes of conduct. All aspects of RNIDS’s operations are publicly accessible, except for information related to the security of the national internet domain management systems.

RNIDS operates responsibly — toward users, business partners, stakeholders involved in the organization, and the wider community in which it functions. At the same time, it nurtures dialogue, inclusiveness, and accountability for public statements, in accordance with prescribed standards of conduct.


RNIDS is obligated to maintain its accounting records in accordance with the applicable regulations of the Republic of Serbia. Financial reports are prepared and presented for each calendar year as on December 31, and periodic reports are compiled as needed or upon request of the Conference of Co-Founders or the Board of Governors.

Financial reports are prepared in accordance with the law governing accounting and auditing, as well as international accounting standards.

RNIDS’s financial operations are regularly reviewed by both an internal auditor and an external (independent) auditor. This oversight is not a legal requirement, but is stipulated in the RNIDS Statute.


Financial auditing

Internal auditing

The RNIDS internal auditor is appointed by the Board of Governors. The internal auditor cannot be an authorised representative of a co-founder, an employee or a member of an RNIDS management body.

The purpose of internal auditing is to provide the Board of Governors with an independent and objective opinion on the degree to which risk management, controls and general management are supporting the achievement of RNIDS’ established goals. Internal auditing activities are governed by the Statute.

The tasks of internal auditing are as follows:

1) analysis of the accounting policy and the organisation’s practices

2) analysis of financial reports and reporting policy

3) determining compliance with relevant laws, rules, internal enactments and codes

4) contributing to analysis of the qualifications, independence and competence of the independent auditor

5) performing other analyses within its purview when ordered by the Board of Governors

The RNIDS Board of Governors and director guarantee the internal auditor right of access to all documents, assets, resources, employees and premises of RNIDS and give him or her the powers to collect all information of importance for carrying out the duties of internal auditor, including information and documents that are marked as commercial secrets.


External (independent) auditing

The obligation for financial reports to be audited by an independent auditor is laid down in the Statute. The choice of auditing company is made by the RNIDS Board of Governors after a call for bids has been conducted. In selecting an auditing company, the Board of Governors among other factors takes the following criteria into consideration: deadlines for completion, additional consulting services, fees, qualifications of team members, etc.

For the purposes of international partnership with similar organisations and international associations, the Board of Governors can require that financial reports or auditors’ reports also be submitted in the English language. Financial reports are also published on the RNIDS website.


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