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On the basis of the annual financial report, each Estonian company must determine whether the data in the report falls within the criteria for mandatory audit control or audit review.

What were the criteria in the past and what criteria are in force now for companies that will prepare the annual report as of December 31, 2024.

An audit review is mandatory if at least two of the three indicators exceed the amounts:

  1. Sales income or revenue of 5,000,000 EUR ( was 4,000,000 EUR)
  2. Total book value of assets 2,500,000 EUR (used to be 2,000,000 EUR)
  3. Average number of employees – 50 persons

Audit control is mandatory if at least one of the indicators is exceeded:

  1. Income from sales or revenue 15,000,000 EUR (was 12,000,000 EUR)
  2. Total book value of assets 7,500,000 EUR (was 6,000,000 EUR)
  3. Average number of employees – 180 persons

An audit review is mandatory if at least two of the three indicators exceed the established amounts:

  1. Sales income or revenue of 2,000,000 persons ( was 1,600,000 persons)
  2. Total book value of assets 1,000,000 persons ( was 800,000 persons)
  3. The average number of employees is 24

An audit review is mandatory if at least one of the indicators is exceeded:

  1. Income from sales or revenue 6,000,000 EUR ( was 4,800,000 EUR)
  2. Total book value of assets 3,000,000 EUR (was 2,400,000 EUR)
  3. Average number of employees – 72 persons

If you have any questions or want to clarify the information in more detail, please contact our experts: corp@maxwise.eu; mainacc@maxwise.eu or via Telegram: @Maxwise_bot