Lithuanian Chamber of Auditors

What Lithuanian Chamber of Auditors does

The Lithuanian Chamber of Auditors (Lietuvos auditorių rūmai, LAR) is a public legal entity and self-governing professional body that unifies all certified auditors of Lithuania by law. Founded in 2000 and headquartered in Vilnius, LAR is the sole statutory authority for auditor certification, audit company registration, qualification examinations, continuing professional development (CPD), and audit quality oversight in Lithuania. It operates under the Lithuanian Law on Audit and aligns with EU audit directives and IFAC standards, having been a full member of IFAC and Accountancy Europe since November and December 2008 respectively. The Chamber also supervises audit firms' compliance with anti-money laundering and counter-terrorist financing (AML/CFT) requirements under Article 4(6) of the Lithuanian AML law, and has expanded into sustainability reporting assurance qualification.

LAR's core technology assets are the ADD_IS (Audito darbo dokumentų informacinė sistema) audit work document information system, currently at Version 14.0, and a proprietary Risk Assessment Database aligned with the 1st International Quality Management Standard. The Chamber also publishes the Quality Management Guide (Kokybės valdymo vadovas, V_06, 2024) and runs qualification training courses in Palanga and Vilnius. ADD_IS is distributed through UAB Virtloga for licensing and technical support. There are no patents, trademarks, or AI/ML capabilities disclosed.

Revenue is generated primarily through mandatory annual membership fees set at ½ of Lithuania's minimum monthly salary (MMA), paid in two installments, plus product sales (ADD_IS licenses at 500 EUR plus VAT initial and 60 EUR plus VAT per audit case; Risk Assessment Database at 242 EUR with VAT; Quality Management Guide at 579.24 EUR plus VAT), training course fees, and event revenues. The operating geography is single-country (Lithuania), with 11 staff and a single Vilnius office. Leadership includes President Vaida Kačergienė, Director Aurelija Lauruševičiūtė, and a presidium of senior practitioners. The organization is governed by a General Assembly with self-governance principles.

Name

Lithuanian Chamber of Auditors

Legal name

Lietuvos auditorių rūmai

Website

https://lar.lt

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

The Lithuanian Chamber of Auditors (Lietuvos auditorių rūmai) is a statutory self-governing professional body that certifies, trains, and supervises all certified auditors and audit companies in Lithuania. It administers qualification exams, AML/CFT oversight, and proprietary audit software (ADD_IS) under Lithuanian law and EU audit standards.

Ownership category

akta.pro rank

Product category

Professional Audit Services & Regulation

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150), Offices of Certified Public Accountants (541211)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYEDADACAJ

Accreditation Standards, Benchmarking & Framework Organizations

Education/Education Administration, Accreditation & Policy/Accreditation Bodies (Institutional & Programmatic)

Keywords

• Audit profession regulation
• Professional certification services
• Audit quality control
• Continuing professional development
• Audit documentation software

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Fees: Annual membership fees collected from auditors. The fee is set at ½ of the minimum monthly salary (MMA), payable in two installments: ¼ MMA by February 1 for the first half of the year, and ¼ MMA by November 1 for the second half of the year.

Pricing tiers

Distribution channels3 records

Marketing channels4 records

Core offering

The Lithuanian Chamber of Auditors (LAR) is the statutory self-governing body unifying all certified auditors of Lithuania. It delivers mandatory auditor certification, qualification examinations, audit firm registration, audit quality control inspections, continuing professional development training, AML/CFT supervision for audit firms, and sustainability reporting assurance certification. It also develops and licenses proprietary audit methodology products including the ADD_IS audit work document software, the Quality Management Guide, and the Risk Assessment Methodology Database.

Product overview

The Lithuanian Chamber of Auditors (Lietuvos auditorių rūmai) offers a portfolio of professional products and services for the audit industry. The core software product is ADD_IS (Audit Work Document Information System), a comprehensive audit documentation management system. Supporting products include the Quality Management Guide (Kokybės valdymo vadovas) and Risk Assessment Methodology Database (Rizikos vertinimo metodika), both designed to help audit firms comply with the 1st International Quality Management Standard. Additional services include professional qualification training courses, sustainability reporting assurance activities, and annual conferences. The organization also publishes audit market reviews and various professional standards and regulations for its members.

Differentiator

Problem solved

Functional benefit

Products and services

• ADD_IS (Audito darbo dokumentų informacinė sistema / Audit Work Document Information System) Proprietary electronic audit work document information system used by Lithuanian audit firms to manage and document audit processes. Version 14.0 supports annual company audits with per-case licensing; a 2-day free demo is available.
• Kokybės valdymo vadovas (Quality Management Guide) Quality management guide (formerly Quality Control Guide) delivered in MS WORD format with full editing permissions, covering all areas required by the 1st International Quality Management Standard, including accounting services quality control.
• Rizikos vertinimo metodika (Risk Assessment Methodology Database)

Quantifiable outcome

• 120 hours of continuing professional development required per 3 years, including minimum 48 hours on mandatory topics
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Accountancy Europe (formerly FEE)coreStrategic or Co-development Partner · 18 December 2008LAR is a true member of Accountancy Europe (formerly European Federation of Accountants - FEE) since December 18, 2008. Became correspondent member on December 16, 2004.
• IFAC (International Federation of Accountants)coreStrategic or Co-development Partner · 13 November 2008LAR is a true member of IFAC since November 13, 2008. Previously became associated member at end of 2003. LAR translates and disseminates documents issued by IFAC, except for International Standards on Audit and Code of Ethics.
• AVNT (Audito, apskaitos, turto vertinimo ir nemokumo valdymo tarnyba)coreStrategic or Co-development PartnerSupervisory authority for audit activities under the Ministry of Finance. LAR coordinates with AVNT on regulatory matters, audit quality supervision, and professional standards.
• Financial Crimes Investigation Service (FNTT)coreStrategic or Co-development PartnerLAR cooperates with FNTT on anti-money laundering and counter-terrorist financing oversight for audit firms. LAR provides information to FNTT as required by law.
• Lithuanian Bank (Lietuvos bankas)coreStrategic or Co-development PartnerCollaboration on audit firm professional liability insurance requirements and regulatory matters.
• Valstybinė mokesčių inspekcija (VMI)minorOthersState Tax Inspectorate - coordination on tax-related audit matters.
• State Control (Valstybės kontrolė)minorStrategic or Co-development PartnerNational audit institution - cooperation on audit standards and methodology.
• Lietuvos buhalterių ir auditorių asociacija (LBAA)minorOthersLithuanian Accountants and Auditors Association - coordination on professional matters.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Polish Chamber of Statutory Auditors (KIBR): Polish national chamber of statutory auditors with analogous mandate to certify, register, and supervise audit firms. Highly comparable in regulatory function and continental EU audit framework.
• Estonian Auditors' Association (EAA): Closest geographic peer as the Baltic neighbor's auditor professional body. Similar small-market, EU-aligned structure and member-base profile; commonly benchmarked alongside LAR in regional audit quality reviews.
• Latvian Association of Sworn Auditors (LZRA): Latvian national auditor association with the same Baltic/EU regulatory mandate. Closest comparable in market size and structure; serves as a natural regional benchmarking counterpart for LAR.

Others

• Accountancy Europe: Pan-European umbrella organization of which LAR has been a true member since 2008. Comparable as a peer in coordinated standards dissemination and EU-level policy advocacy, though not a national chamber.
• International Federation of Accountants (IFAC): Global federation of accountancy bodies of which LAR is a true member, providing international standards (ISA, ISQM, Code of Ethics). Peer in the standards-setting ecosystem and a strategic partner rather than a competitor.

Broad incumbents

• Austrian Chamber of Tax Advisors and Auditors (KSW): Austrian statutory chamber encompassing both tax advisors and auditors, performing registration, quality assurance, and disciplinary oversight similar to LAR. Comparable as a mandatory-membership professional body in the EU audit ecosystem.
• Compagnie Nationale des Commissaires aux Comptes (CNCC): France's national body representing statutory auditors, with parallel functions in certification, quality review, and standards dissemination. Operating under the H3C regulatory framework and another directly comparable European auditor chamber.
• Institute of Chartered Accountants in England and Wales (ICAEW): UK chartered accountancy body that LAR is already partnered with through ICAEW's Quality Assurance Network. Comparable in representing members, setting standards, and providing qualification/credentialing pathways.
• Wirtschaftsprüferkammer (WPK): Germany's statutory professional chamber for auditors, performing the same certification, registration, quality control, and disciplinary functions as LAR but at much larger scale. Directly comparable as a national auditor self-governing body.
• Institut der Wirtschaftsprüfer (IDW): German professional association for auditors that issues audit standards, methodology, and publications comparable to LAR's Quality Management Guide and Risk Assessment Database products. Similar role in defining professional practice.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lithuanian-chamber-of-auditors

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lithuanian Chamber of Auditors