For whom the audit is mandatory in Estonia?

The audit is mandatory for

  • Public limited companies (AS)
  • All foundations
  • State accounting entities
  • The local government
  • Public legal entity
  • The party receiving an allocation from the state budget

The audit is mandatory for all entities if two out of three following criterias are met:

  • Sales turnover 2 mil. EUR
  • Total assets 1 mil. EUR
  • Number of employees 30

Or if one out of three is met:

  • Sales 6 mil. EUR
  • Total assets 3 mil. EUR
  • Number of employees 90

Review  is mandatory if two out of three following criterias are met:

  • Sales 1 mil. EUR
  • Total assets 0,5 mil. EUR
  • Number of employees 15

Or if one criteria out of three is met:

  • Sales 3 mil. EUR
  • Total assets 1,5 mil. EUR
  • Number of employees 45