Education and Science, Financial Services, Legislation, Lithuania

The audits concluded that data in the sets of financial statements and the sets of budget execution reports of the higher education institutions present a true and fair view in all material aspects. The auditors have not detected any material violations in the area of study and research organisation, however deficiencies in the area of management have been identified.

Higher education institutions were provided observations regarding inappropriate planning and implementation of construction and repair works, and violations of the Law on Public Procurement in the area of service procurement. Infringements of rental of premises and other property have also been identified. Moreover, the Lithuanian Music and Theatre Academy have managed and used cultural heritage assets (buildings) irresponsibly, by giving insufficient attention to their maintenance.

Several cases have been identified where Vytautas Magnus University have rented premises without following the procurement procedure or have not stated reasons for the selected ways of procurement.

As a result, LTL 159,000 (EUR 46,000) in the Lithuanian Music and Theatre Academy and LTL 645,400 (EUR 187,000) in the Vytautas Magnus University have not been used in an efficient and streamlined way.

Both institutions have taken note of the observations provided and have taken steps to improve their internal control systems.