The 2022 and 2023 Financial Statements of the NATO Cooperative Cyber Defence Centre of Excellence are accurate in all material respects.

• The Financial Statements of the NATO Cooperative Cyber Defence Centre of Excellence that indicate a result of 241,936 euros for 2022 and total assets as at 31 December 2022 of 1,485,891 euros give, in all material respects, a fair view of the Centre’s financial position and financial performance and cash flow for the year ended in accordance with the Estonian Financial Reporting Standard.2
• The Financial Statements of the NATO Cooperative Cyber Defence Centre of Excellence that indicate a result of 210,802 euros for 2023 and total assets as at 31 December 2023 of 1,766,287 euros give, in all material respects, a fair view of the Centre’s financial position and financial performance and cash flow for the year ended in accordance with the Estonian Financial Reporting Standard.
• During the audit, the National Audit Office identified some errors in the Centre’s Financial Statements of 2022 and 2023 in terms of the selection of the expenditure account and the recording of expenditure in the right period as well as shortcomings in the organisation of inventories, which is why there may be minor errors in the Financial Statements and the annexes thereto.
• The National Audit Office has elaborated on the shortcomings in a memorandum sent to the management and informed the State Shared Service Centre thereof. The National Audit Office is of the opinion that despite the observations presented in the memo, transactions are correctly recognised in accounting in all material respects.

The budget funds of the NATO Cooperative Cyber Defence Centre of Excellence have largely been used for the intended purpose.

• The budgetary expenditure (incl. investments) of the NATO Cooperative Cyber Defence Centre of Excellence amounted to 1,387,956 euros in 2022 and 1,413,804 euros in 2023. The National Audit Office audited whether the organisation of work and the internal control system of the Centre provide an adequate basis for the purposeful use of the allocated money, and audited the functionality of the system on a random basis.
• The National Audit Office is of the opinion that the preconditions for a well-functioning internal control system have been generally created and no abnormal use of the money allocated to the NATO Cooperative Cyber Defence Centre of Excellence was ascertained during the audit.
• During the audit, the auditors identified some breaches of the requirements of the applicable internal procedures (the internal accounting rules and the procurement procedure) and the procedures themselves must be clarified and updated. The auditors also drew attention to the problem areas in the Centre’s revenue collection and expenses in order to ensure a more cost-efficient and transparent use of budgetary funds in the future. These have been elaborated on in a memorandum sent to the management.