On-going audits

 

Within the 2020 financial audits, in addition to issuing opinions on truth and fairness of financial statements, we assess, whether the ‘emergency’ funding requests from ministries and central state institutions, SOEs and municipal enterprises, associations and foundations are well justified and ‘appropriate in circumstances’; we examine achievement of intended objectives; we examine compliance with laws and regulations. Audited entities are:

 

Ministry of Finance – use of ‘emergency’ funds allocated for employment support schemes (idle time scheme for employees and self-employed persons affected by COVID-19).

 

Ministry of Education and Science - use of ‘emergency’ funds allocated for procurement of the equipment to ensure the remote learning process, as well as for production and distribution of the audio-visual content, and for national studies related to the mitigation of the COVID-19 effects.

 

Ministry of Transport and its SOEs - the funding allocated for the implementation of road projects, as well as for the increase of equity of the State JSC ‘Latvijas gaisa satiksme’, the State JSC ‘RIGA International Airport’’ and JSC “Air Baltic Corporation”.

 

Ministry of Health - use of ‘emergency’ funds allocated to compensate for additional workload for medical practitioners and other employees.

 

 

The audited amounts will reach approx. 570 million euro