The Bank of Lithuania and Ernst & Young Baltic have agreed to terminate their contract, signed on 31 September 2010, on the auditing of the central bank's 2010-2012 financial statements, the central bank confirmed to BNS.
"This bilateral agreement (to terminate the contract) was aimed at preventing any misinterpretations that could pose reputation risks," Rima Kaziliūnienė, an advisor to the Bank of Lithuania's governor, told BNS.
The central bank plans to launch a new call for tenders for auditing services in the near future.
2012-06-28 10:57
Ernst & Young Baltic to stop auditing Lithuanian central bank's books
Ernst & Young Baltic, whose employee Ramūnas Bartašius has been stripped of his title as an auditor for inadequate auditing of the books of the now collapsed bank of Snoras, will no longer provide auditing services to the central Bank of Lithuania.
Bank of Lithuania headquarters / Juliaus Kalinsko / 15min nuotr.
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