--- title: Change in audit and review thresholds for the annual report for 2024 date: 2024-12-21T19:08:34Z modified: 2026-09-14T16:22:49Z permalink: "https://grow.ee/auditi-ja-ulevaatuse-piirmaarade-muutus-2024-aasta-kohta-koostavale-aastaaruandele/" type: post status: publish excerpt: The increase in audit and review thresholds that will come into effect in 2025 requires timely preparation from companies. wpid: 14509 featured_image: "https://grow.ee/wp-content/uploads/2024/12/Audit-1.jpg" timestamp: 2026-09-14T16:22:49Z tags: - Accounting --- ![](https://grow.ee/wp-content/uploads/2024/12/Audit-1.jpg) According to the Auditing Activities Act, certain thresholds have been set, upon transition from which it becomes mandatory for a company to audit or review its annual financial statements. The purpose of the thresholds is to regulate that companies with greater impact and risk meet the requirements established by legislation and that the reliability of their financial data is at a high level. **The thresholds were increased compared to the previously valid thresholds 25%** and the new thresholds will apply to the annual report prepared for 2024. Companies that meet the criteria for mandatory review or audit should start selecting an auditor today, because the supply of auditors in Estonia is currently lower than the demand. **Review obligation** A review is mandatory for a company whose annual financial statements show at least two of the indicators for the reporting year that exceed the following conditions: 1. Sales revenue or income – **2,000,000 euros**; 2. Total assets as of the balance sheet date – **1,000,000 euros**; 3. Average number of employees in the reporting year – **24 people**. In addition, a review is mandatory if one of the indicators exceeds the following limits: 1. Sales revenue or income – **6,000,000 euros**; 2. Total assets as of the balance sheet date – **3,000,000 euros**; 3. Average number of employees in the reporting year – **72 people**. **Audit obligation** The audit obligation applies to a company whose at least two of the indicators for the reporting year exceed the following limits: 1. Sales revenue or income – **5,000,000 euros**; 2. Total assets as of the balance sheet date – **2,500,000 euros**; 3. Average number of employees in the reporting year – **50 people**. If at least one of the indicators for the reporting year exceeds the following limits, an audit is also required: 1. Sales revenue or income – **15,000,000 euros**; 2. Total assets as of the balance sheet date – **7,500,000 euros**; 3. Average number of employees in the reporting year – **180 people**. **How to prepare?** We recommend: 1. Analyze your indicators for the reporting year and assess whether they exceed the established limits; 2. [Consult with accounting](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/raamatopidamisteenus.md) and audit specialists, and immediately agree on a schedule for either the audit or the review. ## Talk to our financial expert [ CONTACT ](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/vota-meiega-uhendust.md) [ ![](https://grow.ee/wp-content/uploads/2026/07/Praktika-Blogi_Mathias-300x169.jpg) ](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/mathias-valtsovi-raamatupidamispraktika-grow-financeis.md) ##### [Mathias Valtsovi's accounting internship at Grow Finance](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/mathias-valtsovi-raamatupidamispraktika-grow-financeis.md) July 21, 2026 Experience story from Grow internship: How an internship became a solid step in an accountant's career? [ ![](https://grow.ee/wp-content/uploads/2026/06/Kuhu-riiki-ma-sotsiaalmaksu-tasun-300x167.png) ](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/mis-vahe-on-sellel-kuhu-riiki-ma-oma-sotsiaalmaksu-tasun.md) ##### [Does it matter in which country I pay my social tax?](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/mis-vahe-on-sellel-kuhu-riiki-ma-oma-sotsiaalmaksu-tasun.md) June 26, 2026 Your social tax determines health insurance and pension - does it go to the right country? [ ![Working abroad](https://grow.ee/wp-content/uploads/2026/05/Tootamine-valismaal-300x163.png) ](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/millega-peab-tooandja-arvestama-kui-tootaja-tahab-teise-riiki-kaugtood-tegema.md) ##### [Working from abroad: what does the employer need to know?](https://grow.ee/wp-content/uploads/wp-mfa-exports/post/millega-peab-tooandja-arvestama-kui-tootaja-tahab-teise-riiki-kaugtood-tegema.md) May 21, 2026 Working from abroad brings with it tax and legal issues that the employer needs to be aware of.