Fiscal policy monitoringQuality_policy


Monitoring of election and party funding

National Audit Office of Finland


The National Audit Office (NAO) is Finland's Supreme Audit Institution and operates in affiliation with Parliament. It audits the state's finances, monitors and evaluates fiscal policy and oversees election and party funding. Through its independent audit work the National Audit Office ensures that public funds are spent according to Parliament's decisions, in compliance with legislation and wisely and that fiscal policy is exercised in a sustainable manner.

Auditor General Dr Tuomas Pöysti to leave his position at the NAOF

Tuomas Pöysti will leave his position as Auditor General of the National Audit Office of Finland in October 1 2015. He will go on to become Under Secretary of State at the Finnish Government. His area of responsibility will be the social welfare and healthcare reform and regional reform.

The Finnish Government decided on August 27 2015 to invite Dr Tuomas Pöysti, Auditor General of Finland, to serve as project leader in charge of the social welfare and healthcare reform in Finland. Dr Pöysti will work as a joint Under Secretary of State for the government.

Mr Pöysti will ask the Parliament’s permission to quit his position as Auditor General of Finland and will thereby discontinue his second term prematurely. Deputy Auditor General Ms Tytti Yli-Viikari will stand in as Dr Pöysti’s replacement until the Parliament elects the new Auditor General.

Tuomas Pöysti, Doctor of Laws, has earlier served at the Ministry of Finance as Government Controller General in 2004-2006, as Ministerial Adviser in 2000-2004, and as Senior Officer, Legal Affairs in 1999-2000. He has held the title of Docent of Administrative Law at the University of Helsinki since 2001.

More information:

Auditor General Dr Tuomas Pöysti, tel. + 358 9 432 5700, Deputy Auditor General Tytti Yli-Viikari, tel. +358 9 432 5779

NAOF contributing to the development of European accounting standards


European Commission is preparing harmonisation of Member States' public sector accounting standards. Should the harmonisation task be completed, the potential EPSAS accounting standards would be applied to all the entities in the Finnish public sector.

The European Commission (Eurostat) has started the development of joint public sector accounting standards for all EU Member States.

According to the Commission, the aim of the planned European Public Sector Accounting Standards (EPSAS) is to make financial information more transparent, harmonise accounting information provided by EU Member States and improve the comparability of the reporting of the financial position and performance of the Member States. The Commission has proposed that the international IPSAS accounting standards represent a starting reference for EU harmonised public sector accounts development work.

The National Audit Office of Finland is following the preparation of the EPSAS standards and is participating in the development work in collaboration with other national actors. In Finland, the public sector accounting standards are laid out by the Ministry of Finance, which is also responsible for drafting the legislation on local government finances. More detailed instructions on local government accounts are issued by the municipal division of the Accounting Board. The Ministry of Social Affairs and Health is responsible for the drafting of legislation concerning social security funds (including the distinctive features of the financial statements).

The work is based on Article 16 of the Council directive on budgetary frameworks (2011/85/EU).

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