State Audit Law (Revised)
国家审计法（修订版）
ກົດໝາຍວ່າດ້ວຍ ການກວດສອບແຫ່ງລັດ (ສະບັບປັບປຸງ)
Summary
This Law stipulates the objectives, scope, and fundamental requirements of state audit work, clarifies the definition of state audit and the interpretation of related terms, and applies to supervisory and review activities concerning the use of public funds, assets, and resources.
Articles
Article 1
Article 1 (Amended) Purpose
This Law stipulates principles, regulations, and measures for the management, monitoring, and supervision of state audit work, to make such work efficient and effective, aiming to ensure that budget units, state-invested business units, and non-profit units operate in accordance with the law; to prevent adverse phenomena in the financial and state budget sectors; to protect the rights and interests of the state, collectives, and the people; and to contribute to the continuous expansion, stability, and strength of state management, economic management, promotion of domestic and foreign investment, and the advancement of socio-economic development.
Article 2
Article 2 (Amended) State Audit
State audit refers to the operational process carried out by state audit institutions in collecting data and evidence from audited entities to verify the authenticity of financial report documents, compliance with laws, and the results of implementation in the management and use of the state budget, finance, and assets by budget units, state-invested business units, and non-profit units.
Article 3
Article 3 (Amended) Interpretation of Terms
The terms used in this Law shall have the following meanings:
1. State-invested business units refer to enterprises established solely by the State or jointly established by the State and other parties, as well as cases where the State acquires shares of other enterprises;
2. Non-profit units refer to social organizations, foundations, or funds operating for the public interest or social relief;
3. Audit result rectification measures refer to methods for resolving violations and their causes, as well as consequences arising in accordance with the law;
4. Audit result summary refers to a document evaluating and verifying the financial reporting documents, legal compliance, and the results of implementation in the management and use of the state budget, finances, and assets of budget units, state-invested business units, and non-profit units;
5. Audit enterprise refers to an audit business unit licensed by the relevant sectoral authority and duly registered under the laws of the Lao People’s Democratic Republic;
6. Professional ethics refer to the loyalty, integrity, discipline, respect for the law, sense of responsibility, and preservation of professional confidentiality of state auditors and staff-civil servants;
7. Management body of the audited entity refers to the superior organization of the audited entity as stipulated in Article 69 of this Law.
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