{"id":14509,"date":"2024-12-21T22:08:34","date_gmt":"2024-12-21T19:08:34","guid":{"rendered":"https:\/\/grow.ee\/?p=14509"},"modified":"2024-12-31T14:04:16","modified_gmt":"2024-12-31T11:04:16","slug":"change-in-audit-and-oversight-boundaries-for-the-annual-report-for-2024","status":"publish","type":"post","link":"https:\/\/grow.ee\/en\/auditi-ja-ulevaatuse-piirmaarade-muutus-2024-aasta-kohta-koostavale-aastaaruandele\/","title":{"rendered":"Change in audit and review thresholds for the 2024 annual report"},"content":{"rendered":"<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_524330969\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1376\" height=\"768\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1.jpg\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1.jpg 1376w, https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1-300x167.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1-720x402.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1-768x429.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2024\/12\/Audit-1-18x10.jpg 18w\" sizes=\"auto, (max-width: 1376px) 100vw, 1376px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_524330969 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"gap-2127744278\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2127744278 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<p>According to the Auditing Activities Act, certain thresholds have been set, above which it becomes mandatory for a company to audit or review its annual financial statements. The purpose of the thresholds is to ensure that companies with greater impact and risk comply with the requirements established by law and that the reliability of their financial data is at a high level.<\/p>\n<p><strong>The limits were increased compared to the previously valid rates 25% <\/strong>and the new limits 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 currently the supply of auditors in Estonia is lower than the demand.<\/p>\n<p><strong>Inspection obligation<\/strong><\/p>\n<p>The inspection is mandatory for a company whose annual financial statements contain at least two of the indicators for the reporting year that exceed the following conditions:<\/p>\n<ol>\n<li>Sales revenue or income \u2013 <strong>2,000,000 euros<\/strong>;<\/li>\n<li>Amount of assets as of the balance sheet date \u2013 <strong>1,000,000 euros<\/strong>;<\/li>\n<li>Average number of employees in the reporting year \u2013 <strong>24 people<\/strong>.<\/li>\n<\/ol>\n<p>In addition, an inspection is mandatory if one of the indicators exceeds the following limits:<\/p>\n<ol>\n<li>Sales revenue or income \u2013 <strong>6,000,000 euros<\/strong>;<\/li>\n<li>Amount of assets as of the balance sheet date \u2013 <strong>3,000,000 euros<\/strong>;<\/li>\n<li>Average number of employees in the reporting year \u2013 <strong>72 people<\/strong>.<\/li>\n<\/ol>\n<p><strong>Audit engagement<\/strong><\/p>\n<p>The audit obligation applies to a company whose at least two of its reporting year indicators exceed the following thresholds:<\/p>\n<ol>\n<li>Sales revenue or income \u2013 <strong>5,000,000 euros<\/strong>;<\/li>\n<li>Amount of assets as of the balance sheet date \u2013 <strong>2,500,000 euros<\/strong>;<\/li>\n<li>Average number of employees in the reporting year \u2013<strong> 50 people<\/strong>.<\/li>\n<\/ol>\n<p>If at least one of the indicators for the reporting year exceeds the following thresholds, an audit is also required:<\/p>\n<ol>\n<li>Sales revenue or income \u2013 <strong>15,000,000 euros<\/strong>;<\/li>\n<li>Amount of assets as of the balance sheet date \u2013 <strong>7,500,000 euros<\/strong>;<\/li>\n<li>Average number of employees in the reporting year \u2013 <strong>180 people<\/strong>.<\/li>\n<\/ol>\n<p><strong>How to prepare?<\/strong><\/p>\n<p>We recommend:<\/p>\n<ol>\n<li>Analyze your financial year&#039;s indicators and assess whether they exceed the established limits;<\/li>\n<li>Consult with accounting and audit specialists, and immediately agree on a schedule for either the audit or review.<\/li>\n<\/ol>\n<div class=\"row\"  id=\"row-907280311\">\n\n\n\t<div id=\"col-823558812\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<div class=\"message-box relative dark\" style=\"padding-top:15px;padding-bottom:15px;\"><div class=\"message-box-bg-image bg-fill fill\" ><\/div><div class=\"message-box-bg-overlay bg-fill fill\" style=\"background-color:rgb(27, 26, 70);\"><\/div><div class=\"container relative\"><div class=\"inner last-reset\">\n\n<div class=\"row\"  id=\"row-1188591837\">\n\n\n\t<div id=\"col-1823434132\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2>Talk to our financial expert<\/h2>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-94304735\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/grow.ee\/en\/contact-us\/\" class=\"button alert\" style=\"border-radius:8px;\">\n\t\t<span>CONTACT US<\/span>\n\t<\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n<\/div><\/div><\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\n  \n    <div class=\"row large-columns-3 medium-columns-1 small-columns-1 slider row-slider slider-nav-reveal slider-nav-push\"  data-flickity-options='{&quot;imagesLoaded&quot;: true, &quot;groupCells&quot;: &quot;100%&quot;, &quot;dragThreshold&quot; : 5, &quot;cellAlign&quot;: &quot;left&quot;,&quot;wrapAround&quot;: true,&quot;prevNextButtons&quot;: true,&quot;percentPosition&quot;: true,&quot;pageDots&quot;: false, &quot;rightToLeft&quot;: false, &quot;autoPlay&quot; : false}' >\n\n  <div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/juhi-kaugtood-valismaalt\/\" class=\"plain\" aria-label=\"Manage remote work from abroad \u2013 prevent the emergence of a permanent location with these tips!\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"164\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-300x164.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-300x164.png 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-720x393.png 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-768x419.png 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine-18x10.png 18w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/03\/Kaugtoona-juhtimine.png 1408w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/juhi-kaugtood-valismaalt\/\" class=\"plain\">Manage remote work from abroad \u2013 prevent the emergence of a permanent location with these tips!<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">27\/03\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tRemote work for a driver from abroad is not just a convenience - read how to drive smartly and avoid tax risks.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/raagi-raamatupidajaga-valdi-lisakulusid\/\" class=\"plain\" aria-label=\"Talk to an accountant \u2013 avoid additional costs\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-300x169.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-300x169.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-720x405.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-768x432.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-1536x864.jpg 1536w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-2048x1152.jpg 2048w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Raamatupidaja-Grow-Finance-18x10.jpg 18w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/raagi-raamatupidajaga-valdi-lisakulusid\/\" class=\"plain\">Talk to an accountant \u2013 avoid additional costs<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">27\/02\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tEarly communication with an accountant will help avoid surprises and find better solutions for your business.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/kuidas-valtida-topeltmaksustamist\/\" class=\"plain\" aria-label=\"How to avoid double taxation if the holding is less than 10%?\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-300x169.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-300x169.jpg 300w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-720x405.jpg 720w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-768x432.jpg 768w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-1536x864.jpg 1536w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine-18x10.jpg 18w, https:\/\/grow.ee\/wp-content\/uploads\/2026\/02\/Topeltmaksustamine.jpg 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large\">\n\t\t\t\t\t\t<a href=\"https:\/\/grow.ee\/en\/kuidas-valtida-topeltmaksustamist\/\" class=\"plain\">How to avoid double taxation if the holding is less than 10%?<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">17\/02\/2026<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<p class=\"from_the_blog_excerpt\">\n\t\t\t\t\t\tDividends received from an Estonian company with a holding of less than 101% may result in double taxation.\t\t\t\t\t<\/p>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The increase in audit and inspection thresholds that will come into effect in 2025 requires companies to prepare in a timely manner.<\/p>","protected":false},"author":24,"featured_media":14512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-14509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-raamatupidamine"],"_links":{"self":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/comments?post=14509"}],"version-history":[{"count":5,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14509\/revisions"}],"predecessor-version":[{"id":14528,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/posts\/14509\/revisions\/14528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/media\/14512"}],"wp:attachment":[{"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/media?parent=14509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/categories?post=14509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/grow.ee\/en\/wp-json\/wp\/v2\/tags?post=14509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}