| Abstract [eng] |
In the interwar period inspection was performed, and today financial and performance audit are executed. In both cases, legality and rationality are the subjects of inspection. Nowadays, the focus is rather on the effectiveness of the use of property and funds and the correctness of financial accountability. However, these issues were not overlooked in interwar Lithuania, either. Therefore, it is true to say that National Audit was formed in interwar Lithuania. The audit of private companies, institutions and organizations substantially differs from the modern external audit, the main difference being that the Inspectorate of Publicly Accountable Firms and Institutions was a state organization and its activity resembled State Control rather than independent audit. Thus, the system received constant criticism, and proposals regarding its change were put forward on a regular basis. |
