We consult clients in the questions related to the application and use of foreign financial aid of EU and other funds, as well as preparation of related financial reports.
We assess the compliance of management and control systems of institutions managing foreign financial aid and supervising its usage according to the requirements stipulated in the fund guidelines. We perform audits in accordance with the rules assigned by the provider of foreign financial aid. Our audit activities follow the internationally accepted audit standards.
Audit of management and control systems
We assess the compliance of management and control systems with accreditation requirements and prepare a report with a list of non-compliances and proposals for their correction.
Audit of expenditures
We assess if the expenditures financed by project funds are eligible based on the administrative requirements by the provider of foreign financial aid; and we prepare a report or issue a certificate in accordance with a standard audit report or as presented in a grant agreement.
We advise clients in the questions related to the preparation of an application for obtaining foreign financial aid, documentation of the expenditures in accordance with the respective requirements as well as preparation of financial reports.
We consult the management of an institution on how to bring their management and control systems in compliance with accreditation criteria.
We serve clients in Estonian and English, both orally and in writing.
Our competent auditors and consultants have provided services since 2001. The services can be rendered in co-operation with different departments (external and internal audit, corporate finance, legal advisory, tax advisory), which allows offering the best integrated solutions to our clients.
Grant Thornton Baltic has developed significant regional competence in the Baltic’s and Scandinavian countries.