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The State Audit Office of Latvia has concluded the annual financial audit of the annual consolidated financial statement of the state (ACFSS) by providing two opinions: 1) on the accuracy of the ACFSS 2023; 2) on a compliance matter, has the information on the results achieved with the budget spent in the reporting year been elaborated, available and monitored in accordance with legislation and best practice. The audit also assessed the progress of the implementation of the previously given recommendations, including how successfully the independence and impartiality of sworn auditors has been strengthened by limiting the right to provide so-called “non-audit services”. This is the first year that both the ACFSS and the opinion on it are drafted one and a half months earlier.
