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 different business fields more effectively.

 

Free AI assistants 

  1. EFS assistant
  2. Annual report disclosure compliance assistant
  3. Employment contract review assistant

Free AI assistants for accounting

1

EFS assistant 

The AI assistant helps users navigate the Estonian financial reporting standard (EFS), i.e. Estonian GAAP – primarily the Accounting Standards Board guidelines (RTJ) and related regulations.

This virtual assistant is designed as a practical support tool for anyone with questions related to accounting, the preparation of annual reports and the application of RTJ guidelines.

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What can the virtual EFS assistant do?

The assistant specialises specifically in Estonian accounting rules, and its responses are based on the Accounting Standards Board guidelines (RTJ 1–16), relevant Board interpretations (RTT), the Accounting Act and the Auditors Activities Act.

In practice, this means you can ask the assistant, for example:

  • how to account for a transaction in accordance with a specific RTJ;
  • what the key recognition or disclosure requirements are;
  • which specific RTJ paragraphs a particular treatment is based on.

The responses are presented in a structured format with references – the assistant indicates the specific RTJ number and subsection or the relevant legal provision on which the response is based.

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2

Annual report disclosure compliance assistant

The AI assistant compares whether the information disclosed in an annual report complies with the disclosure requirements set out in RTJ 15 and other applicable disclosure requirements.

In addition, the assistant checks whether the company’s size has been determined correctly, whether the appropriate disclosure criteria have been applied, whether the report is subject to a statutory audit or review requirement, and more.

What can the annual report disclosure compliance assistant do?

The assistant specialises in reviewing the information disclosed in the annual report and its notes in accordance with RTJ 15. To perform the review, the annual report must be uploaded.

The assistant identifies both the disclosure requirements that have been met and any deficiencies or areas requiring clarification. In its response, it refers to the relevant information in the annual report and the corresponding RTJ requirement, enabling the user to proceed with improving the report where necessary.

The assistant can be used repeatedly, meaning that you can upload and re-check a revised version of the annual report.

What these tools do not cover

It is also important to understand the limitations of the assistants:

  • They do not provide legal, tax or financial advice and do not replace professional consultation.
  • They do not prepare accounting reports or perform bookkeeping.
  • They do not conduct company-specific analysis or assess a particular client’s situation as a whole.
  • They do not use external sources or general accounting knowledge – if a matter is not directly addressed in the RTJ guidelines or legislation, the assistant will state this clearly.
  • They do not address topics unrelated to accounting standards and regulations.

In other words, the assistant is a tool for exchanging ideas and providing direction, not a final decision-maker in complex cases.

3

Employment contract review assistant

This AI assistant helps assess whether an employment contract complies with applicable labour law and identifies potential risk areas. It is suitable for anyone who wants to perform an initial review of an employment contract document (in PDF or Word), detect shortcomings, and reduce legal risks before using or signing the contract.

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How does the employment contract review assistant work?

The analysis is carried out in three stages:

  1. The contract is checked for compliance with the mandatory information required under § 5 of the Employment Contracts Act.
  2. The contract is assessed against additional legal requirements and agreed terms.
  3. Outdated references, substantive deficiencies, and potential inconsistencies are identified.

The results are presented in a structured format across three sections and include observations, references to potential shortcomings, and highlighted risk areas. The analysis enables users to quickly understand the strengths and weaknesses of the contract and decide on the next steps.

Important limitation

The employment contract review assistant does not provide legal advice, does not answer questions, and does not replace the assessment of a lawyer or advisor. It is solely a tool for general compliance and risk screening of employment contracts.

Give us feedback!

Use the AI assistants, ask questions, test it and see how they support you. If you feel that a topic requires deeper analysis or a specific professional opinion, Grant Thornton Baltic’s specialists are always ready to assist.

If you notice an error or see an opportunity to let AI handle an additional task, we welcome your feedback at info@ee.gt.com.

Happy exploring!