National_Audit_Office_of_Lithuania

National Audit Office of Lithuania

National Audit Office of Lithuania

Supreme audit institution of Lithuania

National Audit Office of Lithuania (Lithuanian: Lietuvos Respublikos Valstybės kontrolė; literally, State Control) is the supreme audit institution in Lithuania, functioning as the independent auditor for the Parliament of Lithuania.

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The National Audit Office is enshrined in the Chapter XII of the Constitution of Lithuania.[1]

History

The institution was established on 16 January 1919, as Lithuanian State Control Institution, when the first laws regulating the audit activities were adopted.[2] The modern institution was restored on 5 April 1990.

National Audit Office of Lithuania is a member of the International Organization of Supreme Audit Institutions since 1992 and a member of the European Organization of Supreme Audit Institutions since 1993.

Role

The primary objectives of the institution are:

  • to examine whether the state finances, assets and other resources are used and managed lawfully and efficiently;
  • provide recommendations and encourage more efficient and effective management and use of resources in the public sector.

The institution is regulated by the Law on National Audit Office 1995.[3]

The Budget Policy Monitoring Department (BPMD) was established in 2015 to monitor Lithuania's compliance with the rules and targets in the European Economic and Monetary Union.[4]

See also

References

  1. [1]
    "The Constitution of the Republic of Lithuania".
  2. [2]
    "Activities - History - Main Dates". National Audit Office of Lithuania. Archived from the original on 22 January 2021. Retrieved 16 January 2021.
  3. [3]
    "Republic of Lithuania, Law on National Audit Office, 30 May 1995". Office of the Seimas of the Republic of Lithuania. Retrieved 3 February 2021.
  4. [4]
    "Lithuania's Independent Fiscal Institution" (PDF). OECD. Retrieved 23 January 2021.
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