Stasys Jakeliūnas, chairman of the committee, said that the panel's findings would help prevent crises in the future.
"There will be recommendations on how to avoid such crises in the future," the lawmaker of the ruling Lithuanian Farmers and Greens Union (LFGU) said.
"This scrutiny can be useful if it involves fewer names but more substance, more institutions and international comparisons, summarizes the information available and leads to decisions being made," he added.
Ingrida Šimonytė, the Audit Committee’s Conservative chairwoman whose activities as a former finance minister are likely to be scrutinized, said that the CBF "will close for a year of contemplation on whether turnip is sweeter than radish".
CBF will analyze the handling of public finances by both right-wing and left-wing political forces in government since 2005. The scrutiny is planned to be completed by Apr. 15, 2019.
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