EUROSAI. Magazine N26 - 2021

Magazine No. 26 - 2021 95 Studies and other articles Government decisions to combat the consequences of the coronavirus, to participate in joint initiatives of supreme audit institutions of other countries, to provide information to the Seimas Committee on Audit and the public. The Working Group periodically publishes short reviews33 on macro-economic and other indicators, support schemes available and expenditures. Generalizing the Working Group findings reported so far, it should be noted that: • during the pandemic the public debt was increased to the level enforcing debt policy amendments eventually stipulating requirement for other control and transparency mechanisms, however, relevant summary information on the state aid granted related to the COVID-19 pandemic as well as beneficiary lists was not always digitalized and available to the public, therefore additional procedures may be needed to qualify the data; • the state aid related to the COVID-19 pandemic granted until August 2021 to the business and individuals counts over 3.6 billion euro where more than half of the aid were granted in the form of subsidies (discretionary expenditure measures) meaning clear and objective criteria of the support should be in place; 3 https://www.valstybeskontrole.lt/EN/Product/All/14/assessments-overviews • the ultimate goal of any support scheme for business intended to tackle consequences of the pandemic was to help businesses to safeguard liquidity, however, increase in the number of supported business units enduring insolvency procedures was identified despite the decrease in the number of general insolvency procedures during the pandemic. As part of wider response to the COVID-19 crisis, the National Audit Office of Lithuania has joined the following international SAI initiatives: • EUROSAI project group on Auditing the Response to the COVID-19 Pandemic; • European Court of Auditors initiative - EU Network Audit: Audit Compendium on the response to COVID-19; • Participation in INTOSAI workshops and events organised to support SAIs global response to COVID-19 pandemic; The NAO of Lithuania, by providing periodic reviews on COVID-19 consequences management during the pandemic, calls for continuous monitoring of measures to manage the consequences of the pandemic, assessment of their implementation and risks and, in this context, adjust the measures taken to maximize their benefits for society and the state. NAO of Lithuania planned a number of audits and assessments directly related to the assessment of the adequacy of decisions to tackle the consequences of COVID-19. In other audits that are already ongoing or planned to start in 2021, it is planned to assess the consequences of the COVID-19 pandemic on certain areas of the public sector and its impact on existing challenges. NAO of Lithuania will continue involvement in international initiatives offered by the EUROSAI, INTOSAI and EU SAIs Contact Committee. The NAO of Lithuania set up a Working Group of Auditors to collect and analyse data related to the impact of the pandemic on the country's economy and the Government decisions to combat the consequences of the coronavirus We have planned a number of audits and assessments directly related to the assessment of the adequacy of decisions to tackle the consequences of COVID-19

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