Icelandic National Audit Office Annual Report 2016

The Icelandic National Audit Office has published its Annual Report for 2016. In his foreword, the Auditor General, Mr. Sveinn Arason, stated that there was a cause to rejoice over a new Act on the Auditor General and the Auditing of Government Accounts, which entered into force on 1 January, 2017. Mr. Arason hopes that this new Act will be ad advantageous to the Office and Althingi, and that it will increase the efficiency, success rate and transparency of the Office’s activities.

During the year 2016, 180 financial auditing projects were concluded and 29 performance audit reports were published.  Published audit reports covered a wide range of subjects, such as: quality of air, assets of Landsbankinn sold in the years 2010-2016, organization and merger of the Icelandic Road and Coastal Administration and continuous learning for disabled adults. In addition the Office published reports on the implementation of the budget, regarding the submission of annual accounts from registered charities, cemeteries and parishes and excerpts from the financial statements of the political parties and the candidates participating in preliminary elections and presidential election in 2016.