Results of the financial audit of the set of the state accounts for the year 2023

• The National Audit Office has assessed the country's most important annual financial accounts and identified the most significant errors.
• Public sector entities have met the challenge of reporting financial results earlier this year.
• The National Progress Report, which the National Audit Office was supposed to assess, was not submitted on time.

The National Audit Office has issued its opinions on the 2023 set of accounts of the State and on the sets of accounts of six resource funds: the Compulsory Health Insurance Fund, the State Social Insurance Fund, the Guarantee Fund, the Long-Term Employee Benefits Fund, the Reserve (stabilisation) Fund, and the Pension Annuity Fund.

Following a recommendation by the National Audit Office and an amendment to the Law on Public Sector Accountability, this year the most important sets of state accounts, together with the National Progress Report, are to be submitted to the Parliament in the spring instead of in mid-autumn. The new provisions of the law allow performance to be linked to financial data, which is important for the formulation of next year's state budgets.

"In 2023, public sector entities have met the challenge of shorter reporting deadlines, but there are still things to be improved. The head of each public sector entity must create and enforce internal controls to ensure timely and correct recording of economic transactions and preparation of accurate financial statements", says Auditor General Mindaugas Macijauskas.

As part of the audit of the State's annual accounts, the National Audit Office was required to assess the information presented in the National Progress Report: whether the financial data presented in the report are consistent with the audited data in the State's annual accounts and budget implementation reports and are free from material misstatement. The National Progress Report was not submitted to the auditors by the deadline (20 April 2024).

The Auditor General, Mindaugas Macijauskas, is expected to present the opinions on the country's annual financial accounts to the Seimas on 21 May.

• Results of the financial audit of the set of the state accounts for the year 2023
• Results of the financial audit of the sets of financial statements and budget implementation reports of the Reserve (stabilization) Fund for 2023
• Results of the financial audit of the set of accounts of the Compulsory Health Insurance Fund for 2023
• Results of the financial audit of the set of accounts of state social funds for 2023
• Results of the financial audit of the set of accounts of the Pension Annuities Fund for 2023