Law on Audit Services

The Law on Audit Services regulates the legal basis for the professional activities of audit service providers such as certified auditors and enterprises of certified auditors and the supervision of their activities to promote a stable, safe, and reliable market for audit services and protect the common interests of the public.

In accordance with the Law, the Auditor General determines the standards applicable for public sector auditing in Latvia, and those are the standards (ISSAI) of the International Organization of Supreme Audit Institutions (INTOSAI). It ensures that certified auditors of the private sector and their enterprises also apply common standards when auditing public sector.