NEW DEVELOPMENTS IN THE NEW DEVELOPMENTS IN THE STATE AUDIT OFFICESTATE AUDIT OFFICE

OF THE REPUBLIC OF LATVIAOF THE REPUBLIC OF LATVIA

Ieva BraumfeldeDirector of Audit

Department

04.09.2008.

State Audit Office of the Republic of Latvia13 k-5 Skanstes Street, Riga, LV-1013Telephone: +371 67017500Fax: +371 67017673E-mail: lrvk@lrvk.gov.lvHome page: http://www.lrvk.gov.lv

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Implementation of the State Audit Office Implementation of the State Audit Office Strategic Development Plan 2006-2009Strategic Development Plan 2006-2009

Based on mid-term evaluation, the Strategic Development Plan was updated in December 2007 –

new objectives and achievable results were established that are directed towards the development and work quality improvement of the SAO

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Objectives of the State Audit Office Objectives of the State Audit Office Strategic Development Plan 2006-2009Strategic Development Plan 2006-2009

Objective 1 – Improvement of the audit work of the SAO

Objective 2 – Development of the SAO resources

Objective 3 – Strengthening communication and cooperation of the SAO

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Improvement of the audit work of the Improvement of the audit work of the SAOSAO (1) (1)

Quality management system (QMS) established as integral part of SAO work:

– Process descriptions for main and support processes approved

– QMS manual developed– Feedback for all ongoing activities ensured

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Improvement of the audit work of the Improvement of the audit work of the SAOSAO (2) (2)

TeamMate fully implemented– TEC in use across the office from January 2008

– TeamSchedule in use across the office from August 2008

– From September 2008 all audit teams conduct financial audits in EWP

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Improvement of the audit work of the Improvement of the audit work of the SAO (3)SAO (3)

IDEA widely used in audits New approach to the audit of consolidated

annual accounts introduced

Single audit team established

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Development of the SAO resourcesDevelopment of the SAO resources

In-house training system established, potential financial, legality and performance audit trainers identified and trained

Training programmes developed and approved for:– all levels of audit staff– potential managers– IT use in audits

Agreement with 2 universities concluded on attraction of employees

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Strengthening communication and Strengthening communication and cooperation of the SAO (1)cooperation of the SAO (1) Involvement of non-governmental

organizations (NGOs) in audits, e.g.,– Sector related NGOs: WWF, Latvian Forest

Owners’ Association, Latvian Forest Industry Federation

– General NGOs: Transparency International Latvia

In cooperation with Saeima’s Public Expenditure and Audit Committee in 2008:

– 16 audit results reviewed– Implementation of recommendations of 12

previously completed audits monitored

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Strengthening communication and Strengthening communication and cooperation of the SAOcooperation of the SAO (2) (2)

Intensified international cooperation and multiplied the amount of parallel audits, e.g.

– On goods and other item movement across Latvia – Russia border control points

– On administration of Enterprise Income Tax relief and administration of reduced VAT rate (allowances)

– On compliance of management and supervision of fisheries sector with the requirements of EU regulatory enactments

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Thank you for attentionThank you for attention!!

The State Audit Officeof the Republic of Latvia

Phone: +371 7017500Fax: +371 7017673

E-mail: lrvk@lrvk.gov.lv