| ST | |
|---|---|
| Membership | Voluntary |
| No. of members | 1,410 |
| Institute staff | 8 |
| Date of establishment | 2015 |
| Local branches | No |
| Subject to public oversight | No |
| Oversight authority | Auditor Oversight Unit (AOU -Tilintarkastusvalvonta) |
| Involvement in Qualification and Market Access | ST |
|---|---|
| Initial education | No |
| Examination | No |
| Approval and registration | No (AOU) |
| Continued Professional Development | No (AOU) |
| Activities | ST |
|---|---|
| Standard setting | Yes |
| Quality assurance | No (AOU) |
| Disciplinary measures | No (AOU) |
| Professions | KHT auditor, authorised by the Central Chamber of Commerce of Finland | HTM auditor, authorised by regional Chambers of Commerce |
|---|---|---|
| Professional body | ST | ST |
| Protected title | Yes | Yes |
| Reserved activities | Statutory audit (Statutory audit of publicly traded companies and of companies meeting two of the following conditions in the past financial year: – Balance sheet total exceeds € 25.000.000; – Net sales or comparable revenue exceeds € 50.000.000; or – Average number of employees exceeds 300.) | Statutory audit (if no KHT auditor is to be appointed) |
| Included authorisations | N/A | N/A |
| KHT auditor | HTM auditor | |
|---|---|---|
| Regulated profession | Yes | Yes |
| Supervision | Yes | Yes |
| Competent authority | Auditor Oversight Unit (Tilintarkastusvalvonta) | Auditor Oversight Unit (Tilintarkastusvalvonta) |
| KHT auditor | HTM auditor | |
|---|---|---|
| No. of qualified professionals | 745 | 694 |
| No. of new trainees per year | Information not available | Information not available |
| No. of people taking the professional examination | Year 2011: 152 2010: 153 | 2011: 66 2010: 56 |
| No. of people passing the professional examination | 2011: 52 2010: 48 | 2011: 21 2010: 23 |
| KHT auditor | HTM auditor | |
|---|---|---|
| General initial education steps (without possible exemptions) | • Higher university (master) degree (studies in accounting, law, other fields of business and economics) • Minimum 3 years practical experience • Professional examination (KHT examination) | • Lower university or polytechnic (bachelor) degree (studies in accounting, law, other fields of business and economics) • Minimum 3 years practical experience • Professional examination (HTM examination) |
| KHT auditor | HTM auditor | |
|---|---|---|
| Registration required | Yes | Yes |
| Competent authority for registration | The Auditing Board of the Central Chamber of Commerce of Finland | The Auditing Committee of a regional Chambers of Commerce |
| Cost of appointment/ registration | Examination 610 euros + approval 30 euros | Examination 490 euros + approval 30 euros |
| Oath required | Yes | Yes |
| Insurance required | No | No |
| Professional address required | Yes | Yes |