Regulations
Activities of the National Audit Office are governed by the Constitution of the Republic of Lithuania, Law of the Republic of Lithuania on National Audit Office, international agreements, and other legal acts.
Role of the institution
Republic of Lithuania, the Law of the Republic of Lithuania on the National Audit Office, international treaties of the Republic of Lithuania and other legal acts.
In carrying out its assigned tasks, the National Audit Office, as the supreme audit institution, supervises whether state assets are managed and used lawfully and effectively, and how the state budget is implemented; it promotes the positive and effective impact of public audit on the management of public finances and on results- and needs-oriented public administration. An independent fiscal institution monitors compliance with fiscal discipline rules and fiscal governance, submits its findings to the Seimas of the Republic of Lithuania and makes them public.
Competence of the Institution
The National Audit Office conducts public audits, monitors fiscal governance and performs other activities in carrying out the tasks set out in the Law on the National Audit Office.
The National Audit Office conducts three types of public audit:
- Financial audit – where it assesses the data in the audited entity’s annual (consolidated) financial and budget implementation accounts and issues an independent auditor’s opinion.
- Performance audit – where it assesses the audited entity’s activities in terms of economy, efficiency and effectiveness.
- Compliance audit – where it assesses the compliance of the audited entity’s activities with legislation and/or other requirements and may express an independent auditor’s opinion.
With a view to improving the performance of the audited entity or entities and increasing the benefit to society, proposals - recommendations - are formulated based on the results of public audits to resolve the problems identified during the audit.
Each year, the National Audit Office submits to the Seimas of the Republic of Lithuania:
- a public auditor‘s opinion and audit report on the national set of accounts;
- a public auditor‘s opinion and audit report on the set of accounts of the state;
- a public auditor‘s opinion and audit report on the set of accounts of the Compulsory Health Insurance Fund;
- a public auditor‘s opinion and audit report on the set of accounts of state social funds;
- a public auditor‘s opinions and public audit reports on the sets of accounts of the state resource funds;
- a public auditor‘s opinion and audit report on the set of accounts of the Pension Annuity Fund;
- a public auditor‘s opinion and audit report on the set of accounts of the State Defence Fund.
The National Audit Office, as an independent fiscal institution, submits to the Seimas:
- an opinion on the structural adjustment target;
- an opinion on the Economic Development Scenario (twice a year);
- an opinion on compliance with the rules of fiscal discipline in municipal budgets;
- an assessment of the fiscal part of Lithuania’s medium-term Fiscal Structural Plan;
- an assessment of the sustainability of public sector finances.
The National Audit Office, as the supreme audit institution, conducts an external review of audits carried out by municipal control and audit services in accordance with the procedure established by the Auditor General.