The State Audit Office of the Republic of Latvia is an independent collegial supreme audit institution, a key element in the State’s financial control system serving public interest by providing independent assurance on the effective and useful utilization of central and local government resources.
The State Audit Office is one of six constitutional government bodies in Latvia.
To help government institutions to manage and utilize funds wisely.
– Effective and lawful utilization of public funds (taxpayers’ money);
– Development of finance management and responsibility for funds utilized;
– Fair and transparent decision making process in the public sector.
Responsibility - Transparency - Development
In performing its audits the State Audit Office:
– Contributes to the development of the State's financial control system;
– Promotes observance of laws;
– Reduces risk of errors and irregularities;
– Promotes the development of internal audit activities and increases internal auditors' responsibility;
– Through its audit conclusions, promote the improvement of national legislation.
The State Audit Office:
– each year provide an opinion for the Saeima regarding the financial year report submitted by the Minister for Finance concerning the implementation of the State budget and concerning the budgets of local governments (the financial state thereof).
– each year provide opinions regarding the correctness of the preparation of annual reports by ministries and other central State institutions;
– submit reports to the Saeima and the Cabinet of Ministers:
a) regarding financial audits in such audited entities to which the State Audit Office has issued a qualified or an adverse audit opinion, or a disclaimer of audit opinion,
b) regarding all performance audits performed by the State Audit Office,
c) regarding especially important and significant findings;
– notify State institutions regarding findings that affect the activities of those institutions, as well as law enforcement institutions regarding violations of legal norm findings in audits;
– co-operate within the scope of its competence with the institutions of the European Union and other international organisations or institutions.
Cooperation with the Saeima
The Public Expenditure and Audit Committee of the Saeima have responsibility to review reports and opinions of the State Audit Office an draft laws, as well as proposals on the necessary amendments to the laws.
Information submitted by the State Audit Office to the Public Expenditure and Audit Committee of the Saeima on the action of the audited entities during implementation of recommendations of the State Audit Office is rewiwed by the Committee in presence of representatives of the State Audit Office, audited entity and relevant sector ministry.
The State Audit Office cooperates also with Budget and Finance (Taxation) Committeem Legal Affairs Committee and other Committees of the Saeima.
The activity of the State Audit Office is not referable to the Saeima of the Republic of Latvia.
Auditing of the State Audit Office
Auditing of the annual financial statement of the State Audit Office is performed by a sworn auditor (a commercial company of certified auditors), who is appointed by the Saeima using tender procedures.
The State Audit Office shall submit the annual financial accounts thereof together with the opinion of a sworn auditor (commercial company of sworn auditors) to the Saeima and the State Treasury for the preparation of the report on the financial year.
Rights of the State Audit Office
– The State Audit Office is entitled to receive draft reglatory enactments examined by the Saeima and the Cabinet and provide opinions regarding such enactments if such regulatory enactments may affect the revenue and expenditure of the State and local governments or if such enactments provide for actions with the property of the State, as well as with the resources allocated by the European Union and other international organizations or institutions.
– The authorised persons of the State Audit Office have the right to participate in meetings of State institutions, organizations and local governments' institutions on advisory basis.
– The Auditos General, a member of the Council of the State Audit Office, a head of a sector of an audit department and employees authorized by the Auditor Generla, if necessary, may without hindrance visit institutions and undertakings (companies) irrespective of their subordination and owership and request all nesessary information in order to perform the task of the State Audit Office.
– Upon the request of the State Audit Office, banks and other credit institutions have the duty to provide to the State Audit Office in the amount and according to the procedures determined by the Credit Institution Law, with the information requested by it with respect to the accounts and transactions performed by the audited entities, if such is necessary in order to perform audit.