| EAA | |
|---|---|
| Membership | Membership is required by Auditors Activities Act for all Estonian auditors and audit companies |
| No. of members | 482 |
| Institute staff | 4.5 |
| Date of establishment | 1999 |
| Local branches | No |
| Subject to public oversight | Yes |
| Public oversight authority | The Auditing Activities Oversight Board (AAOB) |
| Involvement in Qualification and Market Access | EAA |
|---|---|
| Initial education | No |
| Examination | No (AAOB) |
| Approval and registration | No (AAOB) |
| Continued Professional Development | Yes |
| Activities | EAA |
|---|---|
| Standard setting | No (AAOB) |
| Quality assurance | No (AAOB) |
| Disciplinary measures | No (AAOB) |
| Professions | Auditor |
|---|---|
| Professional body | EAA |
| Protected title | Yes |
| Reserved activities | Statutory audit, Statutory Review and some other statutory requirements: for example, an audit of a valuation of a non-monetary contribution |
| Included authorisations | A special audit under Estonian Commercial Code, a financial expertise to the court, a revision, accounting services, bankruptcy trustee services |
| Auditor | |
|---|---|
| Regulated profession | Yes |
| Supervision | Yes |
| Public oversight authority | The auditing Activities Oversight Board (AAOB) |
| Auditor | |
|---|---|
| General initial education steps (without possible exemptions) | • Bachelor’s degree recognised by the state • 3 years of practical experience • Necessary theoretical training • Active legal capacity • Impeccable reputation • Passed exam |
| Auditor | |
|---|---|
| No. of qualified professionals | 346 |
| No. of new trainees per year | 100 per year (included other professions also) |
| No. of people taking the professional examination | 10 per year |
| No. of people passing the professional examination | 10 per year |
| Auditor | |
|---|---|
| Registration required | Yes |
| Competent authority for registration | AAOB |
| Cost of appointment/registration | €100 / €300 |
| Oath required | Yes |
| Insurance required | Yes |
| Professional address required | Yes |