Korčagins becomes new head of Latvian State Audit service

On Thursday, the 14th of December, Edgars Korčagins gave his solemn vow in the Saeima and was officially approved as the new head of the State Audit.
On the 6th of December, the Saeima made the decision to appoint Korčagins as the next state auditor for a four-year term. Until now Korčagins served as a council member in the State Audit.
As LETA was previously informed by the State Audit, Korčagins intends to continue the existing course with State Audit team and will evaluate more aspects of efficiency in the audits – whether the state funds were used economically enough and whether a sufficiently good result was achieved with the state services.
In accordance with the VK’s operational strategy, the goal is to further strengthen the impact of audits – both in cooperation with state and municipal institutions in the implementation of recommendations, with educational work and communication, promoting awareness of the supreme audit institution and audit work, and greater involvement of residents and cooperation partners. The team will also work to strengthen the work of the VC internationally, he said.
At the same time, Korčagins mentioned there is always room for improvements, and some of his priorities will include the improvement of productivity of audits by diverting resources from financial audits to performance audits.
In accordance with the law, the State Audit performs 27 financial audits in ministries and central state institutions every year.
Municipalities are an exception, because audits there are performed by sworn auditors. In 2026 the goal is performing one, centralised financial audit instead of 27 individual audits. This way the State Audit can acquire additional resources to divert towards other audits.
The goal is to establish a more active dialogue with state institutions, municipalities, Saeima the NGO sector in order to use audits to help state administration to solve challenges and overcome problems, including in fields in which solutions still haven’t been found.
Another one of Korčagins’ priorities is assessing the results of the recovery function assigned by the State Revenue Service in 2019 and prepare proposals for the improvement of the recovery process. The aim is to move so that the collection function meets today’s situation and needs.
As the closest priority in the VK, Korčagins mentioned the audit in Rezekne, which is carried out within the framework of the financial audit of the economic annual report for 2023 and which will be published later this year. In turn, at the beginning of next year, the VK will report about the targets of the 2024 audits.
Also read: On the eve of EU summit, EC unlocks 10.2 billion euros for Hungary
Follow us on Facebook and X!