Audit of functions as a tool for state during global crisis

Abstract

In the paper the process of auditing of functions in Latvia under conditions of crisis has been evaluated. The number of academic publications regarding the audit of functions is low and later findings need to be added to it as such. Auditing of functions as such is considered as performance audit and therefore the best practice thereof can be found in INTOSAI and other performance auditing standards. In the research its authors provide assessment regarding their experience in auditing of functions in Latvia, evaluating it in respect to the best practice. In addition to the academic value the paper also possesses practical values, for it can be used as source of information in other states in case of necessity for auditing of functions on the top level of state administration. Latvian experience is useful in correct organization of auditing of functions and also points out to methodological errors of the audit, the things that should not be done.