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Our auditors’ work receives top rating
Audit Our auditors’ work receives top rating
Grant Thornton Baltic’s Estonian audit team received the best possible rating – green level – in the Auditing Activities Oversight Board’s (AJN) regular quality control inspection.
Less than a minute | 09 Mar 2022
Grant Thornton Baltic provides support for Airobot’s public market debut
Case study Grant Thornton Baltic provides support for Airobot’s public market debut
Grant Thornton Baltic was recently again able to contribute to a market debut for an Estonian company: our auditors conducted a financial audit of a producer of high-tech ventilation systems, Airobot Technologies, which as of 10 February is listed on Nasdaq First North.
1 min read | 22 Feb 2022
Good work gets deserved recognition
Case study Good work gets deserved recognition
The auditors of Grant Thornton Baltic audited the 2020 IFRS annual report of the public interest entity UPP Olaines OÜ consolidation group.
1 min read | 26 Jan 2022
Tarmo Rahkama Grant Thornton Baltic
Meet your auditor A sworn auditor who seeks challenges and excitement at work and leisure
Conversing with Tarmo Rahkama, his desire for challenges and excitement quickly becomes plain. He talks passionately about his career as a sworn auditor, doing packaging audits and being a track and field (athletics) umpire. The conservation also swings to the subject of the best recent theatre productions and tennis.
7 min read | 19 Jan 2022
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Company management A properly formed supervisory board can be the key to the business take off
A wisely selected supervisory board – one that doesn’t do its work only at meetings but lays down clear strategic goals for management and itself and meters them constantly, while serving as a mentor for executives – can contribute greatly to achieving solid business results.
7 min read | 13 Jan 2022
Grant Thornton Baltic helps Hepsor to make its stock market debut
Case study Grant Thornton Baltic helps Hepsor to make its stock market debut
Late last November, trading of shares of one of the Estonia’s biggest real estate developers, Hepsor AS, began on the Nasdaq Tallinn exchange. Grant Thornton Baltic’s team of more than 10 internal and external specialists did its part to help Hepsor get listed, auditing the IFRS based financial reporting set out in the company’s listing prospectus.
2 min read | 13 Jan 2022
Example Financial Statements 2021
IFRS Example Financial Statements 2021
The member firms of Grant Thornton International Ltd (GTIL) have extensive expertise in the application of IFRS. GTIL, through its IFRS Team, develops general guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is therefore pleased to share our insights by publishing ‘IFRS Example Consolidated Financial Statements 2021’ (Example Financial Statements).
2 min read | 22 Nov 2021
Audit your auditor
Audit Audit your auditor
An increasing number of companies in Estonia cross the threshold of turnover and balance sheet volume that requires them to order an audit or financial review of their 2021 annual report. On the other hand, the number of auditing companies has decreased compared to last year. How to cope with a situation with fewer service providers, increasing numbers of customers, and increasing troublesome findings regarding the quality of service provided by audit firms?
Mart Nõmper
Mart Nõmper
| 4 min read | 01 Nov 2021
Audit, review or neither?
Audit calculator Audit, review or neither?
Autumn is a good time to analyse your company’s financial results for the previous financial year and determine whether you are the subject to have the annual report audited or reviewed. A convenient way to find out whether a company is subject to an audit or review requirement (the criteria are revenue, asset volume and number of employees) is the audit calculator.
2 min read | 19 Oct 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Sustainability Tips for maximizing the longevity of a family business
Something that family businesses should consider besides earning a profit is maintaining mutual relations between family members and devoting attention early on to questions of succession if the business is to stay in the family.
4 min read | 09 Jul 2021
Attention, packaging undertakings!
Assurance Attention, packaging undertakings!
The Ministry of Environment recently weighed in on packaging audit requirements. This topic pertains in particular to packaging undertakings who have already filed a packaging report for 2020 with the packaging register.
2 min read | 28 May 2021
New guide provides tips for conducting a public procurement to contract for audit services
Audit New guide provides tips for conducting a public procurement to contract for audit services
A new guide has been produced by the Auditors’ Association and the Ministry of Finance for public sector entities conducting procurements for audit services. The manual can also be useful for private sector companies.
1 min read | 07 May 2021
Error-strewn data in the Commercial Register
Audit Error-strewn data in the Commercial Register
Analysis of the correctness of data in the Commercial Register uncovered an astonishing fact: the Commercial Register data on auditors of companies contained many mistakes.
1 min read | 06 May 2021
Tarmo Rahkama Grant Thornton Baltic
Packaging audit Streamlining accounting and auditing of packaging reports
The accounting and preparation of packaging reports has become better over the years and the awareness of the importance of accounting more but there are still shortcomings in packaging reporting.
Tarmo Rahkama
Tarmo Rahkama
| 8 min read | 06 May 2021
The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
Assurance The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
The representatives of the board of the Auditors’ Association met Secretary General of the Ministry of Justice Tõnis Saar and Deputy Secretary General of the Ministry of Justice Viljar Peep in February on the topic of developing the Commercial Register and updating register data.
Mart Nõmper
Mart Nõmper
| 2 min read | 07 Apr 2021
Aivar Kangust: entrepreneurs could be less hesitant to ask for advice
Interview Aivar Kangust: entrepreneurs could be less hesitant to ask for advice
Grant Thornton Baltic’s audit partner Aivar Kangust, who has been a sworn auditor for almost 30 years, points out that while indeed an audit probably wouldn’t benefit a small business very much, directors of small businesses should really be more inclined to ask for advice from auditors and business consultants – no one can possibly know everything, but it’s always good to talk to someone who does know.
8 min read | 07 Apr 2021
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