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Mart Nõmper
Assurance How to meet equity requirements established by law?
When closing a financial year, it can turn out that a company’s equity (net assets) does not meet the requirements set forth in legislation and so the equity must be brought into conformity with the law. Often auditors and lawyers receive queries about these topics, but their perspectives can sometimes vary.
Mart Nõmper
Mart Nõmper
| 5 min read | 03 Dec 2025
Chief accountants and CFOs: don’t forget an important task before Christmas!
Financial management Chief accountants and CFOs: don’t forget an important task before Christmas!
Companies’ credit agreements generally contain customer-specific conditions called covenants. December is the last chance to check whether the company is indeed in compliance with these covenants, especially considering how companies’ financial results have been impacted by the current ultra-rapid economic growth, rising prices and supply chain problems.
Mart Nõmper
Mart Nõmper
| 4 min read | 03 Dec 2025
In what cases is it worth choosing a financial year that is different from the calendar year?
Financial year In what cases is it worth choosing a financial year that is different from the calendar year?
According to the registrar's statistics, 95% of companies registered in Estonia have chosen a financial year that runs from 1 January to 31 December. However, a company’s fiscal year should reflect the cycle of the company’s operating activity and year-end procedures should be conducted at a time when volumes of activity are lowest.
Mart Nõmper
Mart Nõmper
| 4 min read | 27 Nov 2025
The art (and heart) of leading change
Change management The art (and heart) of leading change
It’s often said that the only constant is change. The team at Grant Thornton Baltic knows this well – the work of accountants, auditors, and advisors is continuously evolving due to technological progress and ever-stricter regulatory requirements. But how can leaders manage change so that it truly bears fruit?
Gerli Soosalu
Gerli Soosalu
| 6 min read | 18 Nov 2025
Oh no, it’s stocktaking time again!
Assurance Oh no, it’s stocktaking time again!
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.
Meelika Mülla
Meelika Mülla
| 4 min read | 30 Oct 2025
Why a good audit is more than just a legal obligation
Assurance services Why a good audit is more than just a legal obligation
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.
Julia Svidun
Julia Svidun
| 4 min read | 22 Oct 2025
We reviewed the acquisition report of Eesti Energia
Case study We reviewed the acquisition report of Eesti Energia
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.
3 min read | 28 May 2025
In memory of Aivar Kangust
In Memoriam In memory of Aivar Kangust
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.
1 min read | 23 May 2025
Three women’s journey to the top
Women in business Three women’s journey to the top
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?
Gerli Soosalu
Gerli Soosalu
| 9 min read | 06 Mar 2025
Auditing ESG reports helps avoid greenwash
ESG audit Auditing ESG reports helps avoid greenwash
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.
Gerli Soosalu
Gerli Soosalu
| 9 min read | 05 Feb 2025
Number of companies required to get an audit set to decrease this year
Audit Number of companies required to get an audit set to decrease this year
A long-awaited legislative amendment has finally arrived: the thresholds for audit and review obligation will rise by 25%.
Mart Nõmper
Mart Nõmper
| 4 min read | 21 Jan 2025
Grant Thornton Baltic ready for auditing sustainability reports
Sustainability reporting Grant Thornton Baltic ready for auditing sustainability reports
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.
3 min read | 17 Jan 2025
Packaging undertakings, be prepared for audits of packaging reporting!
Audit Packaging undertakings, be prepared for audits of packaging reporting!
Whether the 2024 packaging report needs to be audited depends on whether the most recent audited packaging report was for 2020 or 2021.
Tarmo Rahkama
Tarmo Rahkama
| 4 min read | 16 Dec 2024
We’re overcontrolling currently: reporting has become a burden for society
Audit We’re overcontrolling currently: reporting has become a burden for society
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?
Mart Nõmper
Mart Nõmper
| 8 min read | 02 Dec 2024
The defense tax comes with treacherous pitfalls, but some can be sidestepped
Tax The defense tax comes with treacherous pitfalls, but some can be sidestepped
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.
Kristjan Järve
Martin Luik
| 7 min read | 29 Nov 2024
Please meet: our new partners!
Our news Please meet: our new partners!
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.
Less than a minute | 22 Oct 2024
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