What do you need to know about an audit?
What should the owner or manager of an Estonian company know about audits? How can you determine whether an audit is mandatory, and how should you prepare for an audit or review?
Mart joined Grant Thornton Baltic as an Audit Manager in autumn 2019 and led the firm's Audit department from 2020 to 2026. He has extensive experience as both a sworn auditor and a leader. Before joining Grant Thornton Baltic, he headed the audit practice at Rödl & Partner Audit OÜ.
As a Partner, Mart's main focus is on the firm's sales and marketing activities, business development, and delivering high-quality audit services. His day-to-day work includes performing audits for private companies and public sector organisations, as well as carrying out special audit engagements, including special purpose audits and agreed-upon procedures.
Mart is Vice President and a Member of the Management Board of the Estonian Auditors' Association and an active member of the Estonian Family Entrepreneurs Association. He is also a respected lecturer at training courses organised by both the Estonian Auditors' Association and Grant Thornton Baltic and continuously develops his professional knowledge, including through the Senior Leadership Programme at Harvard University.
What should the owner or manager of an Estonian company know about audits? How can you determine whether an audit is mandatory, and how should you prepare for an audit or review?
Last year, the international standards for small and medium-sized entities were updated. These standards also form the basis for Estonian accounting guidelines. Local rules will soon change as well. The most significant amendment relates to the accounting treatment of returned goods.
New unique artificial intelligence–based assistants are now available to everyone on the Grant Thornton Baltic Estonia website. These tools help accountants, CFOs, auditors and other interested parties navigate the field of accounting more effectively.