Auditing of Annual Accounts 2013 and legality of transactions of the Ministry of Education and Research
Pursuant to the State Budget Act, the National Audit Office must issue an opinion on the Financial Statements and the legality of the transactions of the Ministry of Education and Research.
In the course of issuing an opinion on the Financial Statements, the National Audit Office evaluates the compliance of the Financial Statements with the Generally Accepted Accounting Principles of Estonia. The Generally Accepted Accounting Principles are based on internationally recognised accounting policies and procedures (EU directives on accountancy, international standards of financial accounting and international standards of state accountancy) and their main requirements are established in the Accounting Act of the Republic of Estonia, which are supplemented by the guidelines issued by the Accounting Standards Board as well as the General Rules of State Accountancy.
In order to express an opinion on the legality of transactions, the National Audit Office audits whether the transactions of agencies in the area of government have been performed in accordance with the State Budget Act and the 2013 State Budget Act in all material respects. 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 the Ministry and the agencies in its area of government, 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.
Area of government
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Ministry of Education and Research
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Institution to be audited
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Auditees
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Audit Department
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Financial Audit Department
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Director of Audit
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Ines Metsalu-Nurminen
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Audit Team
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Sale Ajalik, Ivika Vispel, Ave Matsalu, Evelyn Palts, Katrin Pärnpuu
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Contacts
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Audit Number
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Planned Start
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III Quarter 2013
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Actual Start
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III Quarter 2013
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Planned End
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II Quarter 2014
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Actual End
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II Quarter 2014
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Status
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Published
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Audit Files
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Related Audits
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Created on
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1/3/2013
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Last modified on
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8/17/2014
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Last reviewed on
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8/17/2014
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