Auditing of Annual Accounts 2013 and legality of transactions of the state

Pursuant to the State Budget Act, the National Audit Office issues an opinion on the Consolidated Annual Report of the state and the legality of its transactions. The Consolidated Annual Report of the state comprises the state’s Financial Statements with the State Budget Implementation Report (i.e. the main report), additional information about local authorities, the public sector and the government sector (i.e. additional information).
The role of the National Audit Office is to issue an opinion on the state’s Consolidated Financial Statements and the legality of its transactions. This means the following:
- he Financial Statements are correct if they have been prepared according to the General Rules of State Accountancy, the Generally Accepted Accounting Principles and the Accounting Act, and disclose all of the significant information that gives a true and fair view of the state’s financial position; and
- transactions are legal if carried out in compliance with the State Budget Act and the 2013 State Budget Act. For this purpose the National Audit Office focusses on the expediency and transparency of state budget implementation by checking the correct use of the investments and labour expenses of state agencies, their adherence to the budget and the justification of prepayments and expenses.
In addition to expressing an opinion on adherence to the State Budget Act, the National Audit Office pays attention to adherence to the main principles of the Public Procurement Act and the State Assets Act when auditing legality.
In order to issue an opinion on state accountancy the National Audit Office audits the annual reports and the legality of the transactions of ministries and constitutional institutions.

Area of government	Ministry of Finance
Institution to be audited
Auditees
Audit Department	Financial Audit Department
Director of Audit	Ines Metsalu-Nurminen
Audit Team
Contacts
Audit Number

Remarks

Planned Start	III Quarter 2013	Actual Start	III Quarter 2013
Planned End	III Quarter 2014	Actual End	III Quarter 2014
Status	Published

Audit Files
Related Audits
Created on	1/3/2013
Last modified on	10/15/2014
Last reviewed on	10/15/2014