Blog: audit and review
In Estonia the audit is obligatory in the following cases:
Income | Assets | Employees | |
At least two values are greater than | 2 000 000 EUR | 1 000 000 EUR | 30 |
At least one value is greater than | 6 000 000 EUR | 3 000 000 EUR | 90 |
In addition to the above audit is always mandatory for every AS (akstiaselts – large public limited company), state accounting entity, local authority, government agency, political party that receives contributions from state budget, and certain kind of companies and foundations that partially belong to the state.
Audit review is a simplified form of audit and it is obligatory for companies, who need not to carry out full scale audit but still meet the following criteria:
Income | Assets | Employees | |
At least two values are greater than | 1 000 000 EUR | 500 000 EUR | 15 |
At least one value is greater than | 3 000 000 EUR | 1 500 000 EUR | 45 |
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