On May 7, LTH MoF issued auditor financial statement review order.
LTH PRL amended order amending order V3-21 of the director of audit, accounting, asset valuation and insolvency management service under the LTH MoF on the approval of the procedure for performing the audit quality review of financial statements.
Follows, LTH MoF May 2025, order on approval of audit requirements, see #253754.
Amendments
The order outlines the procedure for performing a quality review of financial statements which is performed by auditors of non-public interest entities.
If otherwise specified, the quality of the audit of financial statements, quality management system implemented in audit firms, requirements of the Law of the Republic of Lithuania on Audit of Financial Statements and Other Assurance Services.
All procedures must be completed independently and in compliance with other principles of professional ethics per the annual plans financial statement reviews.
