Grant Thornton pays great attention to training managers, and Kristel Tiits (Head of Legal) and I had the opportunity to participate in Grant Thornton International's year-long management training program, where one session took us to Vietnam.

Matters concerning evaluation of the creditworthiness of consumers have returned to the focus during the last year. Discussions revolve around consumers’ increased loan burden and share of loans in default; there is lobbying for additional support from the establishment of a positive credit registry, and the Financial Inspectorate has started getting tougher with fines on market participants who don’t abide by the rules.

If the company has become insolvent, but it can be assumed that as a result of the reorganization it will become a functioning and solvent business again, the reorganization will help overcome temporary payment difficulties and prevent bankruptcy.

Those operating in the financial sector are bound by various laws along with requirements for internal audit arising from those laws. In addition, the Auditors Activities Act governs the provision of internal audit service, defining who is allowed to be engaged in the professional activities of an internal auditor.