Lithuanian Republic State Audit has finished annual audit of the Good Will Foundation

Lithuanian Republic State Audit has finished annual audit of the Good Will Foundation

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Lithuanian Republic State Audit (hereinafter – State Audit) has completed the audit of state budget funds’ management, usage and disposal during the year 2017 of pubic establishment “The Foundation for Disposal of Good Will Compensation for the Immovable Property of Jewish Religious Communities” (hereinafter – Good Will Foundation). State Audit submitted unconditional opinion regarding the government funds and asset management, usage and legality of disposition of these funds and usage for statutory purposes. According to State Audit, Good Will Foundation has managed, used and disposed funds allocated by government chancellery from government budget rightfully in the year 2017 in every in all significant respects.
Also, the annual independent audit was completed in Good Will Foundation, which resulted in unconditional auditor’s conclusion on financial reports of the Good Will Foundation. The unconditional conclusion of February 5, 2018 by independent auditor states, that the financial reports of the Good Will Foundation shows real and fair view about the financial situation on December 31, 2017 of the Good Will Foundation and the financial activity results on the last day of the calendar year according to Law signed by Lithuanian Republic Minister of Finance No. 1K-372 “Rules of non-profit limit liabilities legal entities’ accounting, compiling and submission of financial reports; and assets and services granted for free for members of political campaigns”.