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Lithuania·Etar

AVNT gets 20 working days to give opinions on audit-controller candidates

The revised procedure removes the committee stage and replaces notarised translations with translator certification, while retaining three-year appointments and annual training.

By Taxxa AI Oy · Published 9 September 2026

Audit

Audito, apskaitos, turto vertinimo ir nemokumo valdymo tarnyba (AVNT) must examine candidate material and give the Lithuanian Chamber of Auditors (LAR) its opinion on auditor-controller nominations within 20 working daysE TAR under a restated selection procedure. The earlier procedure used that period for examining material and referring it to the Audito priežiūros komitetas, followed by an AVNT opinion within 10 working days after the committee considered the candidates.

The replacement also simplifies documents in foreign languages. They must be translated into Lithuanian, with the translation certified by the translator’s signature. The previous text required a notarised Lithuanian translation.E TAR LAR must still submit selection documents and evidence that candidates meet the statutory eligibility requirements.

The appointment timetable otherwise retains its main steps. LAR appoints controllers for three years with AVNT’s agreement and must submit nominations at least two months before the current term ends. Candidates can also be proposed during a term, either by LAR or following AVNT’s request for a selection. Once nominations are agreed with AVNT, LAR has 10 working days to confirm appointments.

The old provision treating a candidate’s written willingness to suspend practical audit work throughout the controller term as an advantage is omitted from the replacement. This does not remove statutory independence safeguards: a controller cannot review an auditor or audit firm until at least three years after being its partner, employee or otherwise associated with it, and must confirm the absence of conflicts before a review.

Candidates must have relevant audit or assurance experience, Lithuanian or another EU member state’s citizenship, no enforcement measures currently in force, and no unresolved client or third-party complaints concerning assurance quality or professional ethics. They must also understand the rules on accounting, financial statements, audit, sustainability reporting, sustainability assurance or other sustainability-related services, and quality reviews.

Early removal remains possible for loss of impeccable reputation, breaches of independence, confidentiality and professional secrecy principles, or failure to meet the statutory requirements. LAR decides with AVNT’s agreement, on its own or AVNT’s initiative. AVNT now gives its opinion within 10 working days of receiving LAR’s removal proposal; the earlier procedure placed that opinion after committee consideration. Selection, appointment and removal information is published on LAR’s website.

LAR’s training duty now refers to assurance-service quality reviews. The earlier procedure required preparation for quality reviews of completed financial-statement audits. The minimum remains 20 academic hours annually, and controllers must complete the courses before starting reviews. LAR must agree the programme with AVNT in advance and determines the funding arrangements.

Order V3-16 of 9 September 2026 restates Auditorių kontrolierių parinkimo, rengimo ir kvalifikacijos kėlimo tvarkos aprašas under Lietuvos Respublikos finansinių ataskaitų audito ir kitų užtikrinimo paslaugų įstatymas, Articles 60(3) and 62(1); Article 62 also governs training and independence.

Update the controller-selection checklist for the direct AVNT opinion timetable and translator certification, and verify candidates’ eligibility, independence and completed training.

Sources

  1. Dėl Audito, apskaitos, turto vertinimo ir nemokumo valdymo tarnybos prie Lietuvos Respublikos finansų ministerijos direktoriaus 2017 m. kovo 6 d. įsakymo Nr. V3-12 „Dėl Auditorių kontrolierių parinkimo, rengimo ir kvalifikacijos kėlimo tvarkos aprašo patvirtinimo“ pakeitimo
  2. Dėl Auditorių kontrolierių parinkimo, rengimo ir kvalifikacijos kėlimo tvarkos aprašo patvirtinimo
  3. Lietuvos Respublikos finansinių ataskaitų audito įstatymo Nr. VIII-1227 pakeitimo įstatymas

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