We offer professional audit services that comply with all the legal requirements applicable in Estonia.
An audit is an examination that provides assurance to the company and third parties that relevant financial statements are free from material misstatements.
An audit results in a report that contains a positive assessment, confirming that the annual financial statements, in all material respects, fairly and accurately reflect the company’s financial position, its results, and cash flows.
As part of the audit, the auditor:
- Verifies the compliance of the annual financial statements with the established accounting standards;
- Assesses the application of tax principles (to the extent necessary for overall analysis of the financial statements);
- Ensures that third parties reviewing the financial statements can gain a complete understanding of the company’s financial performance.
A review is a service that provides a limited level of assurance.
The primary objective of a review is to ensure that there are no circumstances that could indicate errors in the financial statements.
During a review, the auditor:
- Performs analytical procedures;
- Engages in discussions with key personnel;
The auditor does not examine accounting records or internal controls over the preparation of the financial statements as thoroughly as in the course of an audit.
The result of the review is:
- An auditor’s report that offers a lower level of assurance than an actual audit.
However, a review takes less time to prepare and is more cost-effective.
- Valuation of intangible contributions;
- Review of merger or liquidation reports;
- Special audits at the management’s request;
An audit can also be voluntarily initiated to provide a higher level of assurance and reliability in financial reporting for clients, report users, or other transaction parties.
Scope of work and time required to complete relevant procedures;
A preliminary annual report of the company you wish to audit. If it is not yet available or the financial year has not ended, please send a trial balance or the most recent available balance sheet and income statement.
Information regarding the timing of the audit or review, as well as the expected date for the auditor's report.
If you’re interested in our services, kindly submit a request using the contact form below.
We are a team of professionals with over 20 years of experience in the accounting services market.
