Assessment of regularity of 2019 sets of state consolidated financial and budget execution reports and legality of management, use and disposal of state budget funds and property
| Audit Id | 1608469147036 |
|---|---|
| Title | Assessment of regularity of 2019 sets of state consolidated financial and budget execution reports and legality of management, use and disposal of state budget funds and property |
| Title in original language |
2019 metų metų valstybės konsoliduotųjų finansinių ir biudžeto vykdymo ataskaitų rinkinių teisingumo bei valstybės biudžeto lėšų ir turto valdymo, naudojimo, disponavimo jais teisėtumo vertinimas Lithuanian |
| Year | 2020 |
| Subject |
Government Operations (Budget and Spending) |
| Type |
Financial |
| Type of performance |
Performed by single SAI |
| Comments | A mandatory audit performed annually. The following main audit findings were reported by the auditors: 1. The quality of centralised accounting function is being improved; 2. There are material misstatements in the set of State consolidated financial reports; 3. The set of budget execution reports is correct in all material respects, but decisions on the accurate disclosure of revenue by type are still expected; 4. This year a new strategic management system wa introduced, however work required for the preparation of the new quality medium-term budget is delayed; 5. Financing of expenditure not approved in the budget reduces the transparency of budget formation and increases the risk of derogating from fiscal discipline requirements; 6. Regulation establishing the allocation and use of state budget grants for education needs to be improved; 7. Legislation does not set out the principles for forming the structure of teachers’ workload, working less or more than the full workload. |
| Author |
Lithuania |
| Materials |
Summary English Audit report Lithuanian Audit report Lithuanian |
| Contact |
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