Taking into account that formative assessment promotes learning and there is a lack of evaluation data on such type of assessment in Latvian institutions of higher education, at the beginning of 2015 the research was undertaken with the aim of investigating the assessment practice of university lecturers. The questionnaire was used as the main research instrument. The paper presents the analysis of data on three Latvian largest universities: Riga Stradiņš University, Riga Technical University, and University of Latvia. Conclusions are made about assessment purposes, ways of use of assessment information, frequency of grading, feedback types, and other assessment aspects.