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Stocktaking is far more than an accounting chore. When done thoughtfully, it becomes an effective tool for control, accuracy, and fraud prevention — and can be managed far more efficiently.

A good audit is more than a compliance task — it’s a strategic tool for building trust, managing risks, and driving business improvement. Learn how a well-conducted audit can help your company grow smarter and stronger.

Grant Thornton Baltic audited the acquisition report prepared by Eesti Energia AS, the main shareholder of Enefit Green AS, for the acquisition of shares belonging to minority shareholders.

The 21st of May brought us sorrowful news: Aivar Kangust, former partner and sworn auditor at Grant Thornton Baltic, has passed away and embarked on the path of eternity.

This International Women’s Day, we shine the spotlight on our newest female leaders—this season, Grant Thornton Baltic’s Estonian office welcomed three new women partners. How did Gaily Kuusik, Terje Liiv, and Anni Vaiksaar reach senior management, and what unique values do they believe women can bring to leadership?

It is becoming more accepted that companies should not only focus on their own main goal – earning a profit – but also consider the environmental and social impact of their activities.

A long-awaited legislative amendment has finally arrived: the thresholds for audit and review obligation will rise by 25%.

2025 is the first time that public interest entities will be required to prepare a sustainability report – which must be validated by an auditor – for the preceding year. Nine of Grant Thornton Baltic’s auditors were recently certified to audit sustainability reports, which will allow our network to provide service to many businesses and organisations subject to the obligation.

Whether the 2024 packaging report needs to be audited depends on whether the most recent audited packaging report was for 2020 or 2021.

How has the auditors’ market changed and why is it hard to find sufficiently qualified specialists? What sorts of trends will global competition, workforce shortage and sustainability reporting requirements bring about?

The details of the defense tax that will take a bite out of corporate profits appear to be rife with inequality and unfairness, and a closer look reveals situations where taxes must be paid by those who haven’t turned an actual profit.

This fall, a record of six new partners joined Grant Thornton Baltic. Four of them are from our Estonian company and one each from Latvia and Lithuania. Now we have a total of 21 partners.

Business operators are hard-pressed to find an auditor to go over their annual report, since there are fewer and fewer auditors every year, but the amount of work just keeps on growing. The worsening quality of the work done by auditing companies is also a concern.

For years, Grant Thornton Baltic has lent a helping hand to those in need, donating both funds and our employees’ time to charity organizations. In 2023, MTÜ Peaasjad, which focuses on promoting mental health in Estonia, was the latest non-profit to be added to the line-up.

In the last year, the volume of assets and sales income of many companies have increased, but this has not necessarily resulted from the increase in the volume of operations, but from inflation. Therefore, these companies have exceeded the threshold of the auditing obligation, and due to the previous large volume of work, the auditors have also had to leave many clients at the door.

In November 2023, Grant Thornton Baltic was certified with ISO 27001:2022 by Bureau Veritas, confirming that we identify, assess and manage security risks relating to information systems on an ongoing basis and in accordance with the requirements outlined.