Audit

Authorized Public Accountants Act

Auditing activities - including the work of the Board of Auditors -  is regulated in Estonia by the Autohorized Public Accountants Act

Auditing standards

The professional and ethics requirements for auditors are set foth in the IFAC standards. Adherence to audit and professional ethics requirements in mandatory for all members of the Board of Auditors.

Audit obligation

Certified public accountants

The Minister of Finance awards certification in the profession of Certified public accountants following a successful examination.

Audit firm

Certified public accountants can provide professional services only through an audit firm or as sole proprietor (FIE).

Register of auditors

The list of Certified public accountants and audit companies is available in the register of auditors, the maintenance of which is organized by the Ministry of Finance.

Board of Auditors

The Board of Auditors is a professional and advocay association for auditors in Estonia. All of the auditors operating as natural persons entered on the list of auditors are members of the Board of Auditors. There are currently over 350 members. The Boards of Auditors is managed by seven-member board selected from among members of the Board of Auditors.