Filter insights by:
Filters applied:
Showing 16 of 35 content results
Assurance and advisory services: Amserv Grupp AS
Case study Assurance and advisory services: Amserv Grupp AS
We performed the statutory financial audit for consolidation group of Amserv Grupp AS, which includes several companies in Estonia and Latvia.
Mart Nõmper
Mart Nõmper
| 22 Dec 2020
Riin Stamm Grant Thornton Baltic
Internal audit Riin Veidenberg has been awarded the qualification of a certified internal auditor
Riin Veidenberg, Grant Thornton Baltic's risk management services advisor, successfully passed the International Institute of Internal Auditors' Certified Internal Auditor (CIA) exam and on October 27 was awarded the qualification of a certified internal auditor.
16 Nov 2020
Kai Paalberg Grant Thornton Baltic
Money laundering Anyone involved in business may be involved in money laundering
Every entrepreneur, as well as an individual, can be involved in money laundering, even without knowing or realizing it themselves, according to Äripäev's radio program "Kasvukursil". Read about hot topics in money laundering.
12 Oct 2020
Superficiality in assessing consumer creditworthiness – unintentional mistake?
Risk management Superficiality in assessing consumer creditworthiness – unintentional mistake?
Experience has shown that not all creditors analyze the creditworthiness of consumers as they should, control activities sometimes remain superficial and therefore do not serve the purpose – ensuring that the borrower is able to repay the loan under the terms agreed. Merili Kiipus, Grant Thornton Baltic's Business Risk Analyst investigates further.
12 Oct 2020
Fraud and crisis banner image
Risk management Crisis – the perfect time for fraudsters?
In a crisis, the internal control system must remain a priority. In order not to find yourself fighting the consequences of corruption and fraud after a crisis situation, it is worth knowing what the company's so-called Three Lines of Defense are. Read more from the article by Tuulikki Uluots, Grant Thornton Baltic's adviser of business risk services.
15 Sep 2020
Prosecuting offenders will be easier and the penalties will be bigger in the future
Administrative fine Prosecuting offenders will be easier and the penalties will be bigger in the future
A new concept in Estonian legal system, administrative fine, was sent to coordination round to the relevant ministries by the Ministry of Justice. The new fine would enable a more effective response to violations of financial services, competition and data protection regulation in the future. Grant Thornton Baltic data protection officer Maili Torma and legal adviser Lee Laanemäe write about the potential changes awaiting us in the near future.
19 Jun 2020
The activities of companies in preventing money laundering are being scrutinized
Business risk services The activities of companies in preventing money laundering are being scrutinized
In Estonia the state is placing increasing emphasis on money laundering prevention. Therefore, companies with a duty to prevent money laundering must be prepared for more thorough and more frequent inspections to determine whether they comply with all the rules laid down by law. Read more from the article written by Grant Thornton Baltic's Senior Internal Auditor Kai Paalberg.
Kai Paalberg
Kai Paalberg
| 16 Jun 2020
Internal auditor: in-house or service provider?
Business risk services Internal auditor: in-house or service provider?
For many companies and institutions, internal audit is a legal obligation that cannot be waived even in difficult economic times. Therefore, the question inevitably arises as to how this obligation is most favorable and reasonable based on the needs of the company - hire your own internal auditor or outsource? Read the article! Grant Thornton Baltic's business risk services adviser Riin Veidenberg will help you with the decision.
15 Jun 2020
Riin Stamm Grant Thornton Baltic
Business risk services Our experience: the main shortcomings in preventing money laundering
The experience of Grant Thornton Baltic's risk management advisors in conducting money laundering and terrorism financing prevention audits, especially in institutions supervised by the Financial Supervision Authority, shows that the problems are largely similar. Grant Thornton Baltic Business Risk Services adviser Riin Veidenberg opens the subject in her article.
27 May 2020
Kai Paalberg Grant Thornton Baltic
Crisis management How to use a crisis situation to improve risk management?
In a crisis, companies need to be able to respond quickly to change and to meet the needs of their employees, customers and partners, while managing the company's financial and operational challenges. Grant Thornton Baltic's Chief Internal Auditor Kai Paalberg names 5 top priorities that all companies should concentrate on when dealing with the crisis management.
Kai Paalberg
Kai Paalberg
| 07 May 2020
A local government establishes a position of internal auditor – what is the next step?
Business risk services A local government establishes a position of internal auditor – what is the next step?
A local government has the obligation to organize internal audit activities. This can be done by outsourcing internal auditor services or by hiring an internal auditor. In the latter case, the requirements in laws and professional standards for internal auditors must be considered.
14 Aug 2019
How much does internal audit cost?
Business Risk Services How much does internal audit cost?
Organisations and companies that are required by law to conduct an internal audit often ask: is it more economical to establish an internal position at the company or outsource internal audit service?
10 Jun 2019
The General Data Protection Regulation – five months of chaos!
GDPR The General Data Protection Regulation – five months of chaos!
25 October will mark five months since the entry into force of the General Data Protection Regulation . There was much confusion before that. Companies wondered whether employees’ birthdays could be printed out and tacked to the wall in the break room. Maybe Christmas presents could no longer be given to employees’ children because that, too, would require the children’s personal data to be “processed”.
05 Sep 2018
Data protection requirements will change, no need to panic
General Data Protection Regulation Data protection requirements will change, no need to panic
The new General Data Protection Regulation will enter into force in May 2018. That makes now the last time for public sector organisations, private sector companies and NGOs to start to evaluate whether and what changes they need to make in their personal data management systems – in other words, to carry out a compliance assessment.
07 Jan 2018
Grant Thornton’s data protection officers at your service
GDPR Grant Thornton’s data protection officers at your service
Grant Thornton Baltic offers the possibility to outsource data protection officer service. Developed in line with the European Union’s Guidelines on Data Protection Officers, the service charges a monthly flat fee that is significantly more cost-effective for companies than recruiting an expert for their own team.
11 Dec 2017
When a cyber criminal breaks into the house
Cyber security When a cyber criminal breaks into the house
What happens if a cyber criminal manages to gain access to critical systems in the "smart house"?
07 Dec 2017
Load more