The legal regulation of the public sector auditing among the Supreme Audit Institutions (SAI) of the Northern and Central-European countries holds the potential to offer new perspectives on the functioning and independence of these public audit institutions. This paper aims to examine the external audit practice among the Baltic Sea Region countries as it is defined in the laws and legal acts aimed at the functioning of the particular institution. The task was carried out by conducting an analysis of the legal regulation of the corresponding supreme audit institutions. Overall, SAIs in the Baltic Sea Region closely cooperates with the Parliaments in the reporting phase. Meanwhile, most of them are closely integrated with the legislative power during the phase of the appointment of the head of the audit institution as well as during the budgeting phase and later on during the reporting phase. The research shows that among the Baltic Sea Region countries the Supreme Audit Institutions pursue audits in diverse range of fields as stipulated in the legal regulations. The paper also indicates a space for further research in the field of the SAI legal regulation, audit merit and further interrelation with the executive and legislative powers as well as the impact of such cooperation on the functioning of the accountability system in the particular country.

Information and communication technologies (ICT) already several decades is an integral part of business management and accounting data processing. Scientific publications most cases deal with increase the efficiency of calculations and information processing, improvement the quality of accounting information systems, but very little attention is paid to changes in the behaviour of accounting staff resulted by the implementation of modern information processing technologies. Scientific problem is the measuring of impact of the modern information and communication technologies on behaviour of advisors in accounting. Paper provides the results of theoretical analysis of impact, made by ICT on changes in registration and processing of accounting transactions and competences are necessary for accounting specialist. Empirical investigation bases on analysis of the data received during questioning consultants in accounting and economics, working at the Lithuanian Agricultural Advisory Service about the structure of working time allocated for various tasks and on changes in the structure of working time due to the use of ICT.

Only less than one percent of the territory of Latvia is occupied by broadleaved (trees having relatively wide flat leaves) forests. The aim of the research is to assess forest vegetation in the island of Upursala of Cirišs Lake. The data is collected in four forest areas of the island. Totally 12 plots, each with an area of 200 m² (20 x 20 m) have been created. In each plot, the accounting of growing trees and deadwood is carried out. The vegetation is measured in each forest area – the projective vegetation cover and cover of each plant species by tree, shrub, herb and moss layer are determined. The research founds that the average stock of growing trees on the island of Upursala is 565.8 m³ ha⁻¹. The average amount of dead wood is 108 m³ ha⁻¹, it consists mainly of fallen deadwood. Totally 45 species are listed in the vegetation plots, of which seven are determinants of European broadleaved forests. The largest number of determinant species of European broadleaved forests has been observed in stands with mixed forests (aspen – small-leaved lime – pedunculate oak, aspen – Scots pine – pedunculate oak and Scots pine – Silver birch – aspen). It can be argued that these stands will become the European broadleaved forests in the future.

Nowadays, when the economic development of countries is more and more influenced by knowledge-based, innovative entrepreneurship, particular attention is paid to the application and protection of intellectual property. Enterprises can acquire intellectual property rights in various ways externally and such rights can also be generated by enterprises internally: they launch and subsequently produce new or improved products and services (research and development) and ensure the protection of intellectually intensive products (patents, trademarks, computer software, etc.). Thus, it is important to study the valuation and accounting of intellectual property rights. The aim of the research is, on the basis of the studies of intellectual property rights accounting policy in Latvia, to identify the shortcomings related to the valuation and accounting of intellectual property rights and to develop recommendations for their elimination. The following research tasks are subject to the aim: to study IPRs concept, regulatory framework and statistical data, to valuate accounting policy for IPRs; to identify shortcomings related to the valuation and accounting of IPRs; to develop recommendations for the elimination of identified shortcomings. The results of research enable to draw a conclusion that the requirements of the laws and regulations of Latvia do not prevent from the capitalization of intellectual property rights as intangible assets; however, it is necessary to revise and improve some requirements. In the conclusion of research, the authors have elaborated recommendations for the elimination of identified shortcomings.