National Audit Office: material weaknesses remain in key State financial reports

The National Audit Office presented to the Seimas (Parliament) its opinions on the 2021 set of national financial statements, and the sets of financial and budget implementation reports of the State and five resources funds – Compulsory Health Insurance, State Social Insurance, Guarantee, Long-term Employee Benefits, and Reserve (Stabilisation) funds, the National Audit Office said in a statement.

“The National Audit Office issues these opinions annually in fulfilling its constitutional duty, and their aim is to assess whether the data of the reports give a true and fair view of the state’s financial position and performance. While we appreciate the efforts to improve reporting, it must be stated that the sets of the State's financial statements continue to be assessed as unreliable due to material and pervasive misstatements. This led to negative auditor‘s opinions on the 2021 sets of national and state financial statements,” says Mindaugas Macijauskas, Auditor General.