Republic of Lithuania Law amending Articles 2, 4, 6, 9 and 23 of Republic of Lithuania Law No i-907 on National Audit Office


Published: 2014-06-11

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REPUBLIC OF LITHUANIA
LAW
AMENDING ARTICLES 2, 4, 6, 9 AND 23 of
REPUBLIC OF LITHUANIA LAW No I-907 ON NATIONAL AUDIT OFFICE
 
6 November 2014 No XII-1291 Vilnius
 
Article 1. Amendment to Article 2 
To amend Article 2 and to set forth this Article to read as follows:
“Article 2. Definitions
1. Audited entity means an institution, establishment, undertaking, organisation, and other legal entity which is subject to public audit by the National Audit Office.
2. Budget policy monitoring means monitoring of compliance with the rules and fulfilment of the tasks set out in the Constitutional Law of the Republic of Lithuania on the Implementation of the Fiscal Treaty, preparation, submission to the Seimas of the opinions referred to in Article 9(6) of this Law and communication to the public of these opinions.
3. Financial (regularity) audit means the evaluation of the data of sets of financial statements and reports on implementation of the budget, sets of annual consolidated statements, a national set of statements and reports and/or other statements of an audited entity, the assessment of legality of the management, use and disposal of the State funds and property, and the assessment of their use for the purposes set by laws as well as the giving of an independent opinion.
4. National Audit Office means an institution performing public audit and carrying out budget policy monitoring.
5. Public audit report means a public audit document drawn up by an officer of the National Audit Office in which the scope and results of the completed public audit are presented.
6. Public audit opinion means a public audit document drawn up by an officer of the National Audit Office which, upon the performance of a financial (regularity) audit, contains an opinion on the data of sets of financial statements and reports on implementation of the budget, sets of annual consolidated statements, a national set of statements and reports and other statements of an audited entity as well as on the legality of the management, use and disposal of the State funds and property, and their use for the purposes set by law.
7. Public Auditing Requirements means the entirety of rules, principles and procedures in all material cases conforming to international and national auditing standards and setting the way how the audit should be carried out.
8. Public audit means an audit performed at entities audited by the National Audit Office in accordance with the Public Auditing Requirements.
9. Performance audit means evaluation of the economy, efficiency, and effectiveness of the public and internal administration activities of the audited entity.
10. Other terms used in this Law shall be understood in accordance with the definitions contained in the Constitutional Law of the Republic of Lithuania on the Implementation of the Fiscal Treaty (hereinafter: the ‘Constitutional Law on the Implementation of the Fiscal Treaty’), the Law of the Republic of Lithuania on Fiscal Discipline and the Law of the Republic of Lithuania on the Budget Structure.”
 
Article 2. Amendment to Article 4
To supplement Article 4 with point 3:
“3) to perform the functions of the budget policy monitoring institution.”
Article 3. Amendment to Article 6
To amend paragraph 2 of Article 6 and to set forth this paragraph to read as follows:
“2. The structure of the National Audit Office shall comprise departments, divisions and/or other services necessary for performing the functions of public audit and the budget policy monitoring institution. Taking into consideration the established objectives of the National Audit Office, strategic plans or annual plans and the approved number of positions of civil servants and employees working under employment contracts, a department may have divisions. The Auditor General shall establish and approve the names and composition of the organisational units of the National Audit Office and the regulations of activities thereof.”
 
Article 4. Amendment to Article 9
To supplement Article 9 with paragraph 6:
“6. When performing the functions of the budget policy monitoring institution set out in the Constitutional Law on the Implementation of the Fiscal Treaty, the National Audit Office shall submit to the Seimas:
1) within 30 working days after the Government or its authorised institution submits to the Seimas a report on the fulfilment of the structural impetus target for the previous year and on the structural general government balance indicator for the previous year, an opinion on the validity of the reasons for failure to implement the structural impetus target for the previous year and the eligibility of measures to implement this target;
2) within 20 working days after the Government submits to the Seimas a Draft Law of the Republic of Lithuania on the Approval of Financial Indicators of the State Budget and Municipal Budgets for a Given Year (an amendment to it), an opinion on the structural impetus target set out by the Draft Law of the Republic of Lithuania on the Approval of Financial Indicators of the State Budget and Municipal Budgets for a Given Year and on the need for additional measures (in monetary terms) to implement this target;
3) within 7 working days from making the economic development scenario publicly available by the Government or an institution authorised by it, an opinion on its approval;
4) within 7 working days from making the economic development scenario publicly available by the Government or an institution authorised by it, an opinion on the correspondence between the current or foreseeable situation and the concept of extraordinary event in accordance with the provisions laid down in Council Regulation (EC) No 1466/97;
5) within 15 working days after the Government submits the proposal on the structural impetus targets and the guidelines on measures to fulfil these targets, an opinion on the compliance of the structural impetus targets and the guidelines on measures to fulfil these targets proposed by the Government to the Seimas for approval with the requirements for the medium-term target achievement time limits laid down in the Constitutional Law of the Republic of Lithuania on the Implementation of the Fiscal Treaty.”
 
Article 5. Amendment to Article 23
To amend Article 23 and to set forth this Article to read as follows:
“Article 23. Provision of Information to the Public
Public audit reports and audit opinions, statements, opinions laid down in Article 9(6) of this Law and other information about the activities of the National Audit Office shall be published on the website of the National Audit Office and disseminated via other media in the manner prescribed by law.”
 
Article 6. Entry into Force of the Law
This Law shall enter into force as of 1 January 2015.
 
i promulgate this Law passed by the Seimas of the Republic of Lithuania.
 
 
PRESIDENT OF THE REPUBLIC                                          DALIA GRYBAUSKAITĖ