Audit plan

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Accuracy of Annual Accounts 2018 and regularity of transactions of the state

Pursuant to the State Budget Act, the NAO provides an opinion on the accuracy of the Consolidated Annual Report of the State and the regularity of transactions. The Consolidated Annual Report of the State comprises the state’s annual accounts with the State Budget Implementation Report (i.e. main report), and additional information about local governments, the public sector and the government sector (i.e. complementary information).
The objective of the NAO’s audit is to provide an opinion on the accuracy of the main report - i.e. the annual accounts - of the state and assess the regularity of transactions. It means that:
- Annual accounts are correct if they are drawn up pursuant to the general rules on state accountancy, the generally accepted accounting principles and the Accounting Act, and all material information which provides a true and fair view of the financial position of the state has been made public.
- Transactions are regular if they are conducted in conformity with the State Budget Act and the State Budget Act 2018. For this purpose, the NAO focuses on the expediency and transparency of state budget implementation by auditing the expediency of investments and labour expenses of state agencies, their adherence to the budget and the justification of prepayments and expenses.
The NAO examines the accounts and the regularity of transactions of state accounting entities to provide an opinion on the annual accounts of the state.

Area of government Ministry of Finance
Institution to be audited
Audit Department Audit Department
Director of Audit Ines Metsalu-Nurminen
Audit Team Angela Onno
Audit Number 80018


Planned Start 2nd half of 2018 Actual Start 2nd half of 2018
Planned End 2nd half of 2019 Actual End
Status Work in progress
Related Audits
Created on 12/3/2018
Last modified on 1/16/2019
Last reviewed on 1/16/2019